We assign a technical rating of 0 out of 10 to FONR. FONR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FONR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.30, a Stop Loss order could be placed below this zone.
More info and screens
13.88
When analyzing the support we notice one important area.
- A support zone ranging from 14.02 to 14.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.82 to 15.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.81 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 | DOWN | NEGATIVE | The long term trend for FONR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FONR is neutral. |
| ChartMill Relative Strength | 25.8 | NEGATIVE | FONR has a low relative strength, it was outperformed by 74.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FONR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FONR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FONR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.33 | NEUTRAL | The RSI value for FONR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FONR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.82 | NEUTRAL | The Stochastics value for FONR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for FONR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | NEGATIVE | The low ADX value for FONR suggests a weak or negative trend. |
14.32
-0.29 (-1.98%)
FONAR CORP / FONR FAQ
Can you provide the ChartMill technical rating for FONAR CORP?
ChartMill assigns a technical rating of 0 / 10 to FONR.
Can you provide the trend direction for FONAR CORP?
The current trend direction for FONAR CORP (FONR) is Bearish.
Can you provide the RSI signal for FONAR CORP?
FONAR CORP (FONR) has an RSI value of 42.3311. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FONAR CORP?
The MACD indicator for FONAR CORP (FONR) has a value of 0.0609247, indicating a bearish trend.
What is the short term momentum for FONR stock?
The short term momentum for FONAR CORP (FONR) is neutral.