Frontier Transport Holdings Limited Stock Forecast
Frontier Transport Holdings Limited stock price up 2.40% on Friday
(Updated on Jun 14, 2024)
The Frontier Transport Holdings Limited stock price gained 2.40% on the last trading day (Friday, 14th Jun 2024), rising from $625.00 to $640.00. During the last trading day the stock fluctuated 0% from a day low at $640.00 to a day high of $640.00. The price has fallen in 6 of the last 10 days and is down by -4.48% for this period. Volume fell on the last day by -8 thousand shares and in total, 10 thousand shares were bought and sold for approximately $6.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $625.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.84% during the next 3 months and, with a 90% probability hold a price between $674.90 and $768.81 at the end of this 3-month period.
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FTH.JO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Frontier Transport Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $649.86 and $647.11. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Frontier Transport Holdings Limited stock
Frontier Transport Holdings Limited finds support from accumulated volume at $610.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FTH.JO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Frontier Transport Holdings Limited to open at $640.00, and during the day (based on 14 day Average True Range), to move between $616.02 and $663.98, which gives a possible trading interval of +/-$23.98 (+/-3.75%) up or down from last closing price. If Frontier Transport Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $655.00 (2.34%) than the support at $610.00 (4.69%), 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 Frontier Transport Holdings Limited stock A Buy?
The Frontier Transport Holdings Limited stock holds several negative signals and despite the positive trend, we believe Frontier Transport Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.336 Sell Candidate Unchanged
Predicted Opening Price for Frontier Transport Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $640.00 ( 0%) | $640.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTH.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 640.00 | - |
| R2 | 640.00 | - |
| R1 | 640.00 | - |
| Price | 640.00 | |
| S1 | 640.00 | - |
| S2 | 640.00 | - |
| S3 | 640.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 675.00 | 5.47% |
| R2 | 661.00 | 3.28% |
| R1 | 655.00 | 2.34% |
| Price | 640.00 | |
| S1 | 610.00 | -4.69% |
| S2 | 601.00 | -6.09% |
| S3 | 600.00 | -6.25% |
FTH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 18, 2024 | $24.20 | 3.78% |
| 2 | Dec 13, 2022 | Dec 13, 2022 | Dec 13, 2022 | $22.00 | 4.31% |
| 3 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | $32.00 | 6.79% |
| 4 | Dec 14, 2021 | Dec 14, 2021 | Dec 14, 2021 | $20.00 | 3.58% |
| 5 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | $26.00 | 6.91% |
FAQ
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