FRONTLINE PLC (FRO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FRO - CY0200352116 - Common Stock
23.52 USD
-0.47 (-1.96%)
23.48 USD
-0.04 (-0.17%)
Overall FRO gets a technical rating of 8 out of 10. In the last year, FRO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month FRO has a been trading in the 23.03 - 26.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, FRO did better than 89% of all other stocks. We also observe that the gains produced by FRO over the past year are nicely spread over this period.
FRO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 210 stocks in the same industry.
FRO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FRO is lagging the market slightly.
FRO has an average volume of 2740750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although FRO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.72
26.16
We found 2 important support areas.
- Support @22.89 from a trend line in the daily time frame.
- Support @21.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.90 to 25.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FRO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRO is neutral. |
| ChartMill Relative Strength | 89.1 | POSITIVE | FRO has a high relative strength, it outperformed 89.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.07 | NEUTRAL | The RSI value for FRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests FRO has a negative trend. |
| Stochastics (14,3) | 33.39 | NEUTRAL | The Stochastics value for FRO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for FRO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for FRO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
23.52
-0.47 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.96%
1 Week-6.67%
2 Weeks-5.47%
1 Month-4.97%
3 Month12.54%
6 Month28.67%
12 Month45.36%
2 Year18.31%
3 Year70.07%
5 Year276.32%
10 Year-68.95%
15 Year-96.37%
Volatility
ATR(14)0.93
ATR(20)%3.72%
ATR Inc17.58%
Range Today0.97
ADR(20)0.76
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.1
3 months CRS84.69
6 months CRS83.47
Mansfield1.38
10 Day High26
10 Day Low23.28
20 Day High26
20 Day Low23.03
52 Week High26
52 Week Low12.4
CS1 End22.89
CR1 Start25.9
Volume & EV
DER(3)-2.29%
DER(5)-2.62%
Volume5.94M
Volume Incr131.66%
Vol(5)5.77M
Vol(50)2.74M
FRONTLINE PLC / FRO FAQ
What is the ChartMill technical rating of FRONTLINE PLC (FRO) stock?
ChartMill assigns a technical rating of 8 / 10 to FRO.
What is the current trend direction of FRONTLINE PLC (FRO) stock?
The current trend direction for FRONTLINE PLC (FRO) is Bullish.
Can you provide the RSI signal for FRONTLINE PLC?
FRONTLINE PLC (FRO) has an RSI value of 44.0744. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FRONTLINE PLC?
The short term momentum for FRONTLINE PLC (FRO) is neutral.