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Frontier Communications Stock Approaches Oversold Zone

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Jun. 13 2019, Published 1:23 p.m. ET

Moving averages

In this article, we’ll look at Frontier Communications’ (FTR) technical indicators and compare them to its peers. Recently, Frontier fell below its 20-day moving average, suggesting a bearish sentiment in its stock. On June 11, Frontier stock closed the trading day at $1.69. Based on this figure, the stock was trading 11.1% below its 20-day moving average of $1.90, 22.5% below its 50-day moving average of $2.18, and 26.2% below its 100-day moving average of $2.29.

In comparison, CenturyLink (CTL) was trading 13.5% below its 100-day moving average, while Comcast (CMCSA) was trading 2.8% above its 100-day moving average. Charter Communications (CHTR) was trading 10.8% above its 100-day moving average.

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Relative strength index

As of June 11, Frontier had a 14-day RSI (relative strength index) score of 36, which could be approaching the “oversold” zone. Charter, CenturyLink, and Comcast had 14-day RSI scores of 64, 50, and 42, respectively.

A stock’s RSI level is measured on a scale of zero to 100. A score lower than 30 denotes an oversold status, while a score above 70 indicates an overbought status. A score of ~50 suggests no selling or buying trend.

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