Technical Analysis for FONR - Fonar Corporation

Grade Last Price % Change Price Change
grade D 21.9 2.62% 0.56
FONR closed up 2.62 percent on Friday, January 18, 2019, on 1.36 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Up Up
See historical FONR trend table...

Date Alert Name Type % Chg
Jan 18 Crossed Above 50 DMA Bullish 0.00%
Jan 18 New Uptrend Bullish 0.00%
Jan 18 Pocket Pivot Bullish Swing Setup 0.00%
Jan 18 Stochastic Reached Overbought Strength 0.00%
Jan 18 BB Squeeze Ended Range Expansion 0.00%
Jan 18 Above Upper BB Strength 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 18 Upper Bollinger Band Touch Strength 0.00%
Jan 17 50 DMA Resistance Bearish 2.62%
Jan 17 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 2.62%

Older signals for FONR ...

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Profile
Fonar Corporation engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) medical scanning equipment for the detection and diagnosis of human diseases. It provides Upright Multi-positional MRI scanners, which allow patients to be scanned in a weight-bearing condition, such as standing, sitting, or bending in any position that causes symptoms; and FONAR 360 MRI scanner, a diagnostic scanner. The company, through its wholly owned subsidiary, Health Management Corporation of America, also offers management services to diagnostic imaging facilities consisting of development, administration, and leasing of office space, facilities, and medical equipment; provision of supplies; staffing, training, and supervision of non-medical personnel; legal services; accounting, billing, and collection; and the development and implementation of practice growth and marketing strategies. It serves private diagnostic imaging centers and hospitals. As of June 30, 2012, the company managed 11 diagnostic imaging facilities located in the states of New York and Florida. Fonar Corporation was founded in 1978 and is based in Melville, New York.
Is FONR a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 2 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 30.1
52 Week Low 19.63
Average Volume 22,571
200-Day Moving Average 25.1818
50-Day Moving Average 21.4164
20-Day Moving Average 20.5315
10-Day Moving Average 20.67
Average True Range 0.8604
ADX 25.5
+DI 23.2916
-DI 8.0066
Chandelier Exit (Long, 3 ATRs ) 19.7388
Chandelier Exit (Short, 3 ATRs ) 22.2112
Upper Bollinger Band 21.4825
Lower Bollinger Band 19.5805
Percent B (%b) 1.22
BandWidth 9.263814
MACD Line -0.058
MACD Signal Line -0.281
MACD Histogram 0.223
Fundamentals Value
Market Cap 140.49 Million
Num Shares 6.42 Million
EPS 2.92
Price-to-Earnings (P/E) Ratio 7.50
Price-to-Sales 2.23
Price-to-Book 2.72
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.77
Resistance 3 (R3) 22.70 22.34 22.63
Resistance 2 (R2) 22.34 22.12 22.38 22.58
Resistance 1 (R1) 22.12 21.98 22.23 22.19 22.53
Pivot Point 21.76 21.76 21.82 21.80 21.76
Support 1 (S1) 21.54 21.54 21.65 21.61 21.27
Support 2 (S2) 21.18 21.40 21.22 21.22
Support 3 (S3) 20.96 21.18 21.18
Support 4 (S4) 21.03