In its latest trading session, Frontline Ltd. (NYSE:FRO) dropped by -0.9% – here is what that looked like (as of 2019-12-04):
What is the cause of all this?? To grasp this action better, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.263, an Accumulation/Distribution Index (ADI) of 0.263, an On-Balance Volume (OBV) of 280.3, and a Chaiikin Money Flow (CMF) of 10.8. 5.0
So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Frontline Ltd. (NYSE:FRO). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.