Frontline Technical Analysis (NYSE:FRO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Frontline stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FRO stock chart which creates a trading signal.
See Frontline bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Frontline stock analysis.
Frontline Moving Average
Moving averages show the average price of FRO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Frontline are mostly signals of long term trends and will help long term traders.
Frontline Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Frontline. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Frontline bollinger bands show that the stock price is $4.72, upper band is 4.91, lower band is 4.19, and the average is 4.55.
Frontline Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Frontline MACD line is above the signal line.
Frontline Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FRO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.