FRONTLINE PLC (FRO) Stock Technical Analysis
NYSE:FRO • CY0200352116
Taking everything into account, FRO scores 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that FRO is one of the better performing stocks in the market, outperforming 94% 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 93% of 206 stocks in the same industry.
- FRO is currently making a new 52 week high. This is a strong signal. 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 25.83 - 34.75 range, which is quite wide. It is currently trading near the high of this range.
- FRO has an average volume of 2964390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FRO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.43
We found 2 important support areas.
- A support zone ranging from 31.16 to 31.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.65 to 21.97. 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 | UP | POSITIVE | The short term trend for FRO is up. |
| ChartMill Relative Strength | 94.67 | POSITIVE | FRO has a high relative strength, it outperformed 94.67% 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) | 83.41 | OVERBOUGHT | The high RSI value suggests FRO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests FRO has a positive trend. |
| Stochastics (14,3) | 96.77 | OVERBOUGHT | The high Stochastics value suggests FRO may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FRO suggests some volalility. |
| Average Directional Index/ADX (14) | 42.75 | POSITIVE | The high ADX value value for FRO suggests a strong trend. |
34.72
+0.9 (+2.66%)
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 83.4129. This indicates that the stock is currently overbought.
What is the MACD signal for FRO stock?
The MACD indicator for FRONTLINE PLC (FRO) has a value of 0.448512, indicating a bearish trend.
Can you provide the support and resistance levels for FRONTLINE PLC?
FRONTLINE PLC (FRO) has a support level at 31.23. Check the full technical report for our detailed analysis of FRO support and resistance levels.