RSI low/high Values: [ 25 - 75 ]
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FRO
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Red day on Tuesday for Frontline Ltd stock after losing 1.17%
(Updated on Jul 23, 2024)

Buy candidate since Jul 22, 2024 Loss -1.17% PDF

The Frontline Ltd stock price fell by -1.17% on the last day (Tuesday, 23rd Jul 2024) from $25.55 to $25.25. During the last trading day the stock fluctuated 1.76% from a day low at $25.01 to a day high of $25.45. The price has risen in 7 of the last 10 days and is up by 7.45% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 1 million shares were bought and sold for approximately $28.37 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.47% during the next 3 months and, with a 90% probability hold a price between $22.11 and $27.11 at the end of this 3-month period.

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FRO Signals & Forecast

The Frontline Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.16 and $25.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 10, 2024, and so far it has risen 8.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Frontline Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $23.80 and $23.58. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Frontline Ltd finds support just below today's level at $23.80. If this is broken, then the next support from accumulated volume will be at $23.58 and $22.72.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.440 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 2.88%.

Our recommended stop-loss: $24.23 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)

Trading Expectations (FRO) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Frontline Ltd to open at $25.24, and during the day (based on 14 day Average True Range), to move between $24.56 and $25.94, which gives a possible trading interval of +/-$0.685 (+/-2.71%) up or down from last closing price. If Frontline Ltd takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.69 (1.74%) than the support at $23.80 (5.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Frontline Ltd stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 3.121 Buy Candidate Unchanged

Predicted Opening Price for Frontline Ltd of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$25.24 ( 0.0528%) $25.25

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FRO

Fibonacci Support & Resistance Levels

Level Price
R3 25.68 1.69%
R2 25.51 1.02%
R1 25.40 0.613%
Price 25.25
S1 25.07 -0.718%
S2 24.96 -1.13%
S3 24.80 -1.80%

Accumulated Volume Support & Resistance Levels

Level Price
R3 27.96 10.73%
R2 25.76 2.02%
R1 25.69 1.74%
Price 25.25
S1 23.80 -5.74%
S2 23.58 -6.61%
S3 22.72 -10.02%

FRO Dividend Payout History

# Declaration Date Ex-Date Pay Date Amount Yield
1 May 29, 2024 Jun 14, 2024 Jun 28, 2024 $0.620 2.41%
2 Feb 28, 2024 Mar 14, 2024 Mar 27, 2024 $0.370 1.59%
3 Nov 29, 2023 Dec 14, 2023 Dec 29, 2023 $0.300 1.50%
4 Aug 23, 2023 Sep 14, 2023 Sep 29, 2023 $0.80 4.26%
5 May 31, 2023 Jun 15, 2023 Jun 30, 2023 $0.700 4.82%


What is the symbol for Frontline Ltd Stock and on which exchange is it traded?
The symbol for Frontline Ltd is FRO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Frontline Ltd Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Frontline Ltd Stock?
Frontline Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Frontline Ltd Stock.

What's the current price of Frontline Ltd Stock?
As of the end of day on the Jul 23, 2024, the price of an Frontline Ltd (FRO) share was $25.25.

What is the 52-week high and low for Frontline Ltd Stock?
The 52-week high for Frontline Ltd Stock is $29.39 and the 52-week low is $14.84.

What is the market capitalization of Frontline Ltd Stock?
As of the Jul 23, 2024, the market capitalization of Frontline Ltd is 5.688B.

When is the next earnings date for Frontline Ltd?
The upcoming earnings date for Frontline Ltd is Aug 22, 2024.
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About Frontline Ltd

Frontline Ltd Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2021, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Hamilton, Bermuda.... FRO Profile

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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