Following these proceedings, 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 Monday, Frontline Plc [NYSE:FRO] saw its stock jump 0.92% to $17.51. Over the last five days, the stock has lost -1.57%. Frontline Plc shares have risen nearly 23.40% since the year began. Nevertheless, the stocks have fallen -30.79% over the past one year. While a 52-week high of $29.39 was reached on 02/04/25, a 52-week low of $12.40 was recorded on 04/04/25. SMA at 50 days reached $15.76, while 200 days put it at $18.71.
Levels Of Support And Resistance For FRO Stock
The 24-hour chart illustrates a support level at 17.34, which if violated will result in even more drops to 17.16. On the upside, there is a resistance level at 17.74. A further resistance level may holdings at 17.97. The Relative Strength Index (RSI) on the 14-day chart is 61.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.95%. Stochastics %K at 70.09% indicates the stock is a holding.
