FRONTLINE PLC (FRO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FRO • CY0200352116
Overall FRO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that FRO is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, FRO also shows a nice and consistent pattern of rising prices.
- FRO is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. FRO outperforms 89% of them.
- FRO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FRO has a been trading in the 25.09 - 29.40 range, which is quite wide. It is currently trading near the high of this range.
- FRO has an average volume of 2939730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FRO has an excellent technical rating and 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 29.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FRO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.21
4 important support areas can be observed.
- A support zone ranging from 28.61 to 29.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.00 from a horizontal line in the daily time frame.
- Support @21.77 from a trend line in the weekly time frame.
- Support @21.42 from a trend line in the daily time frame.
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 | UP | POSITIVE | The short term trend for FRO is up. |
| ChartMill Relative Strength | 90.12 | POSITIVE | FRO has a high relative strength, it outperformed 90.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRO is above the rising 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) | 68.68 | NEUTRAL | The RSI value for FRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.74 | OVERBOUGHT | The high Stochastics value suggests FRO may be overbought. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for FRO suggests some volalility. |
| Average Directional Index/ADX (14) | 32.22 | POSITIVE | The high ADX value value for FRO suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.41 | 28.60 | 0.81 (2.75%) | 25.00% |
| An entry @29.41. This is a Buy Stop order right above the 10 day high. | An exit @28.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.81 points, which is 2.75%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FRO. Please evaluate whether better entry and exit points can be found.
- 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.
29.05
-0.05 (-0.17%)
FRONTLINE PLC / FRO FAQ
What is the ChartMill technical rating of FRONTLINE PLC (FRO) stock?
ChartMill assigns a technical rating of 10 / 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 68.6814. 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 0.0660625, indicating a bearish trend.
Can you provide the support and resistance levels for FRONTLINE PLC?
FRONTLINE PLC (FRO) has a support level at 29.04. Check the full technical report for our detailed analysis of FRO support and resistance levels.