FONAR CORP (FONR) Stock Technical Analysis
NASDAQ:FONR - US3444374058 - Common Stock
15.4 USD
+0.01 (+0.06%)
15.4 USD
0 (0%)
Taking everything into account, FONR scores 4 out of 10 in our technical rating. FONR was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
When comparing the yearly performance of all stocks, FONR is a bad performer in the overall market: 75% of all stocks are doing better.
FONR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: FONR has an average volume of 23098 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
FONR is an average performer in the Health Care Equipment & Supplies industry, it outperforms 58% of 185 stocks in the same industry.
FONR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FONR is lagging the market.
Considerably lower volume is observed in the last couple of days.
FONR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 15.38, a Stop Loss order could be placed below this zone.
More info and screens
14.93
16.63
When analyzing the support we notice one important area.
- A support zone ranging from 15.08 to 15.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @15.61 from a trend line in the weekly time frame.
- A resistance zone ranging from 16.08 to 16.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FONR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FONR is neutral. |
| ChartMill Relative Strength | 25.67 | NEGATIVE | FONR has a low relative strength, it was outperformed by 74.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FONR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FONR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FONR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.95 | NEUTRAL | The RSI value for FONR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FONR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.24 | NEUTRAL | The Stochastics value for FONR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for FONR suggests low volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for FONR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
15.4
+0.01 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.06%
1 Week1.92%
2 Weeks1.92%
1 Month-3.27%
3 Month6.21%
6 Month3.08%
12 Month-11.44%
2 Year-6.44%
3 Year9.22%
5 Year-39.3%
10 Year60.25%
15 Year926.67%
Volatility
ATR(14)0.23
ATR(20)%1.62%
ATR Inc-0.14%
Range Today0.26
ADR(20)0.24
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.67
Mansfield-0.61
10 Day High15.64
10 Day Low15.07
20 Day High16.1
20 Day Low15.06
52 Week High17.98
52 Week Low12
CS1 End15.38
CR1 Start15.61
Volume & EV
DER(3)-3.42%
DER(5)-3.53%
Volume8.50K
Volume Incr-54.62%
Vol(5)8.00K
Vol(50)23.10K