Frontier Communications Parent, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Frontier Communications Parent, Inc. stock price on Friday moving between $24.91 and $27.41
(Updated on May 03, 2024)
The Frontier Communications Parent, Inc. stock price gained 6.75% on the last trading day (Friday, 3rd May 2024), rising from $24.00 to $25.62. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 10.06% from a day low at $24.91 to a day high of $27.41. The price has risen in 7 of the last 10 days and is up by 18.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $82.38 million.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $25.21 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $28.68 sometime during the next 3 months.
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FYBR Signals & Forecast
The Frontier Communications Parent, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $23.61 and $23.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 18.06%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Frontier Communications Parent, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $24.24 and $23.80. 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, Frontier Communications Parent, Inc. finds support just below today's level at $24.24. If this is broken, then the next support from accumulated volume will be at $23.80 and $22.13.
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 $2.51 between high and low, or 10.06%. For the last week, the stock has had daily average volatility of 4.76%.
Our recommended stop-loss: $24.66 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FYBR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Frontier Communications Parent, Inc. to open at $25.98, and during the day (based on 14 day Average True Range), to move between $24.45 and $26.79, which gives a possible trading interval of +/-$1.17 (+/-4.55%) up or down from last closing price. If Frontier Communications Parent, Inc. takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $24.24, some $1.38 (5.39%) from the current price of $25.62, our system finds the risk reward attractive.
Is Frontier Communications Parent, Inc. stock A Buy?
Frontier Communications Parent, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Frontier Communications Parent, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $25.98 ( 1.40%) | $25.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FYBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.48 | 11.18 % | |
| R2 | 27.53 | 7.44 % | ||
| R1 | 26.94 | 5.13 % | ||
| Current price: | 25.62 | |||
| Support | S1 | 25.02 | -2.34 % | |
| S2 | 24.43 | -4.64 % | ||
| S3 | 23.47 | -8.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 25.62 | |||
| Support | S1 | 24.24 | -5.39% | |
| S2 | 23.80 | -7.10% | ||
| S3 | 22.13 | -13.62% |
FAQ
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