As this happened, Kepler downgraded its Frontline Plc [FRO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. Jefferies also remained covering FRO and has increased its forecast on March 21, 2024 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on January 09, 2024. It rated FRO as “a Buy” which previously was an “a Hold”.
Price Performance Review of FRO
On Tuesday, Frontline Plc [NYSE:FRO] saw its stock jump 0.82% to $18.45. Over the last five days, the stock has gained 29.29%. Frontline Plc shares have risen nearly 30.02% since the year began. Nevertheless, the stocks have fallen -13.83% over the past one year. While a 52-week high of $29.39 was reached on 01/13/25, a 52-week low of $13.17 was recorded on 01/03/25. SMA at 50 days reached $16.68, while 200 days put it at $22.31.
Levels Of Support And Resistance For FRO Stock
The 24-hour chart illustrates a support level at 18.00, which if violated will result in even more drops to 17.55. On the upside, there is a resistance level at 18.72. A further resistance level may holdings at 18.99. The Relative Strength Index (RSI) on the 14-day chart is 70.13, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.05%. Stochastics %K at 95.37% indicates the stock is a selling.
How much short interest is there in Frontline Plc?
A steep rise in short interest was recorded in Frontline Plc stocks on 2024-11-15, dropping by 33857.0 shares to a total of 7.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.17 million shares. There was a decline of -0.47%, which implies that there is a negative sentiment for the stock.
