FRONTLINE PLC (FRO) Technical Analysis
NYSE:FRO • CY0200352116
Current stock price
FRO Technical Rating and Analysis
Overall FRO gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month FRO has a been trading in the 29.82 - 39.89 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that FRO is one of the better performing stocks in the market, outperforming 95% of all 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 89% of 208 stocks in the same industry.
- FRO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FRO is performing more or less in line with the market.
- FRO has an average volume of 4092750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FRO Weekly and Daily overview Charts
FRO Setup Rating and Analysis
Although FRO has an excellent technical rating, it does not present a decent entry opportunity 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
FRO Support and Resistance Analysis
21.83
3 important support areas can be observed.
- A support zone ranging from 30.14 to 30.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.77 from a trend line in the weekly time frame.
- A support zone ranging from 22.05 to 22.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 32.79 to 32.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
FRO Technical Indicator Signal Analysis
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 | 95.88 | POSITIVE | FRO has a high relative strength, it outperformed 95.88% 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) | UP | POSITIVE | The current price of FRO is above the rising 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) | 50.8 | NEUTRAL | The RSI value for FRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests FRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.77 | NEUTRAL | The Stochastics value for FRO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for FRO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.28 | POSITIVE | The high ADX value value for FRO suggests a strong trend. |
FRO Chart- and CandleStick Pattern Analysis
FRO Technicals: Chart, Performance Metrics, Trend & Indicators
32.17
-0.71 (-2.16%)
FRONTLINE PLC / FRO TA FAQ
What is the ChartMill technical rating of FRONTLINE PLC (FRO) stock?
ChartMill assigns a technical rating of 9 / 10 to FRO.
What is the trend direction for 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 50.8005. This indicates that the stock is currently neutral.
What is the MACD signal for FRO stock?
The MACD indicator for FRONTLINE PLC (FRO) has a value of -0.694775, indicating a bearish trend.
Can you provide the support and resistance levels for FRONTLINE PLC?
FRONTLINE PLC (FRO) has a support level at 30.98 and a resistance level at 32.89. Check the full technical report for our detailed analysis of FRO support and resistance levels.