Frontier Group Holdings Inc (ULCC): Price Now Near $15.78; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for ULCC

At the time of this writing, ULCC (Get Ratings)’s price is up $0.25 (1.61%) from the hour prior. ULCC has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 and 50 hour moving averages have been crossed, so that price is now turning above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

ULCC ranks 29th in terms of today’s price percentage change out of Transportation stocks.

ULCC’s Technical Outlook on the Daily Chart

Currently, ULCC’s price is up $0.55 (3.62%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows ULCC’s price action over the past 90 days.

ULCC

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ULCC: Daily RSI Analysis

  • ULCC’s RSI now stands at 48.2456.
  • ULCC and RSI both have consistent trends, as they are both heading down.

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