Frontline Ltd. (FRO) closed the Thursday at final price of $9.26 after traded 1485562 shares. The average volume was noted at 482.75K shares while its relative volume was seen at 3.08. Volume is important because it shows the level of interest in a stock. Current volume in a stock, relative to prior volume, shows if interest is higher or lower in a stock than it was before. High volume, or relatively high volume (compared to prior volume), is more suitable for active traders. Very low volume typically indicates a lack of interest and usually little price movement. Short Ratio of stock is 8.42. Frontline Ltd. is a part of Services sector and belongs to Shipping industry. The recent session has given its stock price a 107.62% upward lead over its 52-week low and showed positive move of 1.54% over its 52-week high.
The 52 week range is a simple technical indicator that lists the highest and lowest price at which a security was sold over preceding 52 weeks (or one year). Investors, especially technical analysts, may use the 52 week range to gauge whether a stock’s current price suggests buying, selling, or taking no-action. Many value investors look for stocks that are at or near their 52 week low, but this metric alone does not indicate whether a stock is under-valued. For example, a stock may near its 52 week low in a price correction after earnings expectations for future quarters were revised. There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher – it could break down to an even lower level. However, as 52 Week Range has little to no connection whatsoever with current news or forces affecting companies today, very few investors rely heavily on the metric. Instead, the 52 Week Range is generally used more as a descriptive metric to describe what the stock has done and not what it will do.
The stock price volatility remained at 3.26% in recent month and reaches at 5.08% for the week. Historical statistical volatility is a measure of how much the stock price fluctuated during a given time period. While historical volatility can be indicative of future volatility, it can also differ greatly from future volatility, depending on what was driving the price changes during the past period. Major expected news items are more important drivers of big moves in the stock price in the near future. The Average True Range (ATR) is also a measure of volatility is currently sitting at 0.33
Frontline Ltd. (FRO) stock is more volatile Stock with beta figure of 1.2
Frontline Ltd. stock waking on thin line between bulls and bears tracks and with several factors it’s pulling towards optimistic side to some extend but some take to pessimistic side. So, volatility evaluation is supposed to give some wisdom of how far the stock will fall if the market takes a dive and how high the stock will rise if the bull starts to climb. For this relative risk measurement, FRO has beta value of 1.2.
Once the concept of beta is understood, an investor can intuitively determine whether or not a particular stock has a high or low beta. For example, an established blue chip company in a mature industry with stable earnings will most likely have a much lower beta compared to a start up Biotechnology Company.
The overall market is assigned a beta of 1.0. Stocks that are volatile and move more than the overall market have a beta greater than 1 while stocks with price swings less than the market have a beta less than 1.0. To dig out factors, always good to learn who else owns shares, the institutional owner includes mutual funds and pension funds are major players. They buy or sell in enormous chunks. Whether a stock is in or out of their favor can have a big effect on its price.
Frontline Ltd. (FRO) Stock Price Analysis:
It is a positive indicator for investor portfolio value — when the price of a stock Investor owns goes up in value. On the other side it is not a negative indicator for Investor portfolio value when the price of a stock Investor owns moves down in value. After the giving short look at one day return of Frontline Ltd. it is observed that FRO reported up return of 3.00% in last trading session.
Now we move forward to see the historical returns of Frontline Ltd. which is Bermuda based stock. The stock is currently showing upward return of 16.92% throughout last week and witnessed increasing return of 18.57% in one month period. The stock price jumped 62.74% in three months and increased 51.31% for the last six months trading period.
FRO indicated a yearly up return of 98.29% while year-to-date (YTD) return printed 67.45% increasing outlook. The stock price moved 1.54% off its 50 Day low and changed 50.08% to its 50 Day high.
Moving average of Frontline Ltd. (FRO)
Frontline Ltd. (FRO) stock price traded at a gap of 14.89% from an average price of last twenty days and stands at a distance of 25.86% away from it’s an average price of recent fifty days. Take a look at most-well known 200-day moving average which averages prices over the past 200 days. The 200-day moving average is the standby for long-term investors. At present time the stock is moving 47.72% away to its 200-day moving average. It goes without saying that investors should not rely solely on any one technique. However, applying moving-average strategies in conjunction with portfolio diversification and prudent money management may reduce one’s risk substantially.
Frontline Ltd. (FRO) stock is Overbought or Oversold?
The stock has current RSI value of 72.48. Wilder believed that when prices rose very rapidly and therefore momentum was high enough, that the underlying financial instrument/commodity would have to eventually be considered overbought and a selling opportunity was possibly at hand. Likewise, when prices dropped rapidly and therefore momentum was low enough, the financial instrument would at some point be considered oversold presenting a possible buying opportunity.
There are set number ranges within RSI that Wilder consider useful and noteworthy in this regard. According to Wilder, any number above 70 should be considered overbought and any number below 30 should be considered oversold. An RSI between 30 and 70 was to be considered neutral and an RSI around 50 signified no trend. – Some traders believe that Wilder’s overbought/oversold ranges are too wide and choose to alter those ranges. For example, someone might consider any number above 80 as overbought and anything below 20 as undersold. This is entirely at the trader’s discretion.