Is Frontier Communications Corporation (FTR) Investing Its Way Into A Muddle?

Frontier Communications Corporation (NASDAQ:FTR) fell by -5.96% in Thursday’s trading session from $13.75 to $12.93 and has now fallen 3 consecutive sessions. The price has been moving in both directions for this period, and there has been a -3.51% loss over 10-day period. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -1.03 million shares and in total 2.15 M shares exchanged hands for about $27.81 million.

Inside FTR’s Recent Trend

Frontier Communications Corporation (FTR) lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break down through the support point at $592.10 will initially suggest a lower tendency for declines in the price and this might very well be an early sign that a trend shift is coming. Short-term traders are anticipated to see a retreat of -88.31% over the course of a quarter and, with 90% chance the price will be floating in the range of $-371.91 and $69.22 in this timeframe.

Frontier Communications Corporation Technical Signals

FTR has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $13.47 and $14.16. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Tuesday September 12, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining volume.

Frontier Communications Corporation (NASDAQ:FTR) Support And Resistance Levels

Frontier Communications Corporation (FTR) recorded volume accumulation so there will probably be a surplus of buyers at $12.72. In case of gains, the next resistance from accumulated volume will be at $13.88, $14.54 and $14.93.

Frontier Communications Corporation (FTR) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.53 between high and low, or 4.20%. The average volatility for the past week stood at 4.57%.


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