Stock Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Fonar Corp (NASDAQ:FONR)
Sidelines Mode (+55) - FONR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid FONR?
MarketClub looks at technical strength and momentum to determine if the timing is right for FONR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FONR
The long-term trend has been DOWN since Oct 8th, 2020 at 20.305
The intermediate-term trend has been UP since Jan 8th, 2021 at 19.470
The short-term trend has been DOWN since Mar 4th, 2021 at 19.560
Smart Scan Analysis for FONR
Based on our trend formula, FONR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||30.1||Year High Date||2018-04-18|
|Year Low||21.19||Year Low Date||2018-11-27|
|52wk High||26.49||52wk High Date||2020-09-08|
|52wk Low||11||52wk Low Date||2020-03-19|
|Year End Close||4.33||Average Volume||48,257|
|Shares Outstanding||6,937||Short Interest||222,492|
|% Institutional||18.3||Market Cap||157M|