FRONTLINE PLC (FRO)

CY0200352116 - Common Stock

23.35  +0.07 (+0.3%)

Technical Rating and Analysis

8

Taking everything into account, FRO scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, FRO has proven to be a steady performer, scoring decent points in every aspect analyzed.

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 86% of all other stocks.
FRO is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. FRO outperforms 85% of them.
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.
In the last month FRO has a been trading in the 22.23 - 23.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FRO has an average volume of 2216380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
FRO Weekly chart
FRO Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, FRO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 23.28, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

19.52

24.39

We found 3 important support areas.

  • A support zone ranging from 22.32 to 23.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 21.27 to 21.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @19.72 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 24.15 to 24.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.56
Mansfield0.7
10 Day High23.98
10 Day Low22.25
20 Day High23.98
20 Day Low22.23
52 Week High24.54
52 Week Low13.35
Performance
1 Week2.83%
2 Weeks-0.26%
1 Month2.37%
3 Month16.11%
6 Month23.96%
12 Month40.58%
2 Year164.55%
3 Year225.59%
5 Year260.37%
10 Year-76.31%
15 Year-94.65%
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)52.67
LBB22.41
UBB23.98
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
23.3522.311.04 (4.45%)22.45%
An entry @23.35. This is a Buy Stop order right above the resistance zone.An exit @22.31. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.04 points, which is 4.45%.When investing 22.45% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRO Daily chart

FRONTLINE PLC

NYSE:FRO (3/28/2024, 12:02:07 PM)

23.35

+0.07 (+0.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.3%
1 Week2.83%
2 Weeks-0.26%
1 Month2.37%
3 Month16.11%
6 Month23.96%
12 Month40.58%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.66
ATR(20)%2.9%
ATR Inc
Range Today0.26
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High23.98
10 Day Low22.25
20 Day High23.98
20 Day Low22.23
52 Week High24.54
52 Week Low13.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume453.58K
Volume Incr-10.94%
Vol(5)1.82M
Vol(50)2.22M