Technical Analysis for FONR - Fonar Corporation

Grade Last Price % Change Price Change
grade C 22.53 -2.30% -0.53
FONR closed down 2.3 percent on Wednesday, September 18, 2019, on 76 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

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

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -2.30%
Fell Below 50 DMA Bearish -2.30%

Older signals for FONR ...

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Basic chart:
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 MRI Human Diseases 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
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 25.77
52 Week Low 18.85
Average Volume 39,004
200-Day Moving Average 21.651
50-Day Moving Average 23.4268
20-Day Moving Average 23.816
10-Day Moving Average 23.536
Average True Range 0.8205
ADX 17.29
+DI 12.4668
-DI 16.5945
Chandelier Exit (Long, 3 ATRs ) 22.3085
Chandelier Exit (Short, 3 ATRs ) 24.9915
Upper Bollinger Band 24.8818
Lower Bollinger Band 22.7502
Percent B (%b) -0.1
BandWidth 8.950286
MACD Line -0.0614
MACD Signal Line 0.0809
MACD Histogram -0.1423
Fundamentals Value
Market Cap 144.53 Million
Num Shares 6.42 Million
EPS 2.92
Price-to-Earnings (P/E) Ratio 7.72
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) 23.34
Resistance 3 (R3) 23.43 23.25 23.21
Resistance 2 (R2) 23.25 23.04 23.21 23.16
Resistance 1 (R1) 22.89 22.92 22.80 22.80 23.11
Pivot Point 22.71 22.71 22.67 22.67 22.71
Support 1 (S1) 22.35 22.50 22.26 22.26 21.95
Support 2 (S2) 22.17 22.38 22.13 21.90
Support 3 (S3) 21.81 22.17 21.86
Support 4 (S4) 21.72