What Frontier Communications’ Technical Indicators Say about the Stock
Technical indicators are used to predict the direction of stock trends. Technical indicators hold significant value for investors and traders when making market exit and entry decisions. Relative strength index (or RSI) scores and moving averages are the two most frequently used technical indicators.
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100-day moving averages
On September 7, 2017, Frontier Communications (FTR) was trading ~25.5% below its 100-day moving average. In comparison, CenturyLink (CTL) was trading ~22.3% below its 100-day moving average, and Windstream (WIN) was trading ~46.3% below its 100-day moving average.
Relative strength index
On September 7, 2017, Frontier had a 14-day RSI reading of 46. CenturyLink and Windstream had 14-day RSI readings of 43 and 66, respectively. In the integrated US telecom market, the 14-day RSI readings for AT&T (T) and Verizon (VZ) were 24 and 28, respectively.
If a company’s 14-day RSI reading is below 30, it suggests that the stock has been oversold. However, a 14-day RSI reading above 70 suggests that the stock has been overbought.
An 80% fall in the last 12 months
Frontier Communications (FTR) stock has fallen ~81.1% in the trailing-12-month period. FTR is looking to stabilize its business segments as it is facing intense competition in the US telecom space.