FRONTLINE PLC (FRO) Technical Analysis
NYSE:FRO • CY0200352116
Current stock price
FRO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FRO. 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 93% 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 83% of 209 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 4181950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FRO has a been trading in the 33.53 - 38.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
FRO Weekly and Daily overview Charts
FRO Setup Rating and Analysis
Besides having an excellent technical rating, FRO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 36.45, a Stop Loss order could be placed below this zone.
More info and screens
FRO Support and Resistance Analysis
22.62
5 important support areas can be observed.
- A support zone ranging from 35.58 to 36.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.15 from a horizontal line in the daily time frame.
- A support zone ranging from 33.06 to 33.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.96 from a trend line in the weekly time frame.
- Support @22.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @37.96 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for FRO is up. |
| ChartMill Relative Strength | 93.34 | POSITIVE | FRO has a high relative strength, it outperformed 93.34% 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) | 57.2 | NEUTRAL | The RSI value for FRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FRO has a positive trend. |
| Stochastics (14,3) | 59.68 | NEUTRAL | The Stochastics value for FRO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for FRO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.01 | NEGATIVE | The low ADX value for FRO suggests a weak or negative trend. |
FRO Chart- and CandleStick Pattern Analysis
FRO 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.97 | 35.57 | 2.40 (6.32%) | 15.82% |
| An entry @37.97. This is a Buy Stop order right above the resistance zone. | An exit @35.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.40 points, which is 6.32%. | When investing 15.82% 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 Technicals: Chart, Performance Metrics, Trend & Indicators
36.49
+0.21 (+0.58%)
FRONTLINE PLC / FRO TA 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.
What is the RSI signal for FRO stock?
FRONTLINE PLC (FRO) has an RSI value of 57.197. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FRONTLINE PLC?
The buy/sell signal for FRONTLINE PLC (FRO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for FRONTLINE PLC?
FRONTLINE PLC (FRO) has a support level at 36.45 and a resistance level at 37.96. Check the full technical report for our detailed analysis of FRO support and resistance levels.