In-Depth Technical Analysis of FRONTIER COMMUNICATIONS PARE.

Our stock screener has identified FRONTIER COMMUNICATIONS PARE (NASDAQ:FYBR) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:FYBR.

Analyzing the Technical Aspects

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 7 out of 10 to FYBR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FYBR is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• FYBR is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry. FYBR outperforms 91% of them.
• FYBR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FYBR is lagging the market slightly.
• Looking at the yearly performance, FYBR did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
• In the last month FYBR has a been trading in the 24.57 - 27.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

For an up to date full technical analysis you can check the technical report of FYBR

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:FYBR has a 10 as its setup rating:

FYBR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FYBR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How can NASDAQ:FYBR be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.