Technical Analysis for FONR - Fonar Corporation

Grade Last Price % Change Price Change
grade D 20.2 -0.88% -0.18
FONR closed down 0.88 percent on Wednesday, February 19, 2020, on 50 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Down
Historical FONR trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
50 DMA Support Bullish -0.88%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.88%
Calm After Storm Range Contraction -0.88%
Multiple of Ten Bullish Other -0.88%
Outside Day Range Expansion -0.88%

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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.
Medicine Applied Sciences Medical Imaging Diagnostic Imaging Magnetic Resonance Imaging Human Diseases MRI Legal Services Diagnostic Imaging Centers Scanner

Is FONR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 25.25
52 Week Low 18.85
Average Volume 26,492
200-Day Moving Average 21.19
50-Day Moving Average 20.28
20-Day Moving Average 20.76
10-Day Moving Average 20.60
Average True Range 0.62
ADX 19.99
+DI 13.69
-DI 24.54
Chandelier Exit (Long, 3 ATRs ) 19.76
Chandelier Exit (Short, 3 ATRs ) 21.11
Upper Bollinger Band 21.74
Lower Bollinger Band 19.77
Percent B (%b) 0.22
BandWidth 9.45
MACD Line -0.03
MACD Signal Line 0.10
MACD Histogram -0.1226
Fundamentals Value
Market Cap 129.59 Million
Num Shares 6.42 Million
EPS 2.92
Price-to-Earnings (P/E) Ratio 6.92
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) 20.70
Resistance 3 (R3) 20.71 20.57 20.61
Resistance 2 (R2) 20.57 20.44 20.56 20.58
Resistance 1 (R1) 20.38 20.36 20.48 20.37 20.56
Pivot Point 20.24 20.24 20.28 20.23 20.24
Support 1 (S1) 20.05 20.11 20.15 20.04 19.84
Support 2 (S2) 19.91 20.03 19.90 19.82
Support 3 (S3) 19.72 19.91 19.79
Support 4 (S4) 19.71