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Analyzing Frontier Communications’ Moving Averages

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Moving averages

On June 24, Frontier Communications (FTR) stock closed the trading day at $1.43. On the downside, the company’s immediate support lies near $1.36, while $1.49 could act as an immediate resistance level on a daily basis.

Based on the closing price of June 24, Frontier Communications stock was trading 13.3% below its 20-day moving average of $1.65, 28.9% below its 50-day moving average of $2.01, and 35.6% below its 100-day moving average of $2.22.

CenturyLink (CTL) was trading 7.2% below its 100-day moving average, while Comcast (CMCSA) was trading 7.1% above its 100-day moving average. Charter Communications (CHTR) was trading 8.2% above its 100-day moving average.

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Relative strength index

On June 24, Frontier Communications’ 14-day RSI (relative strength index) score was 35, which could be approaching the “oversold” zone. Charter Communications, CenturyLink, and Comcast’s 14-day RSI scores were 62, 59, and 64, respectively.

A stock’s RSI score is measured on a scale of zero to 100. If an RSI number is above 70, it suggests that the stock might fall soon—it has been overbought. An RSI figure below 30 suggests that the stock might rise soon—it has been oversold.

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