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Stock Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Fonar Corporation (NASDAQ:FONR)

Weak Downtrend (-65) - FONR is showing signs of a strengthening downtrend. Monitor FONR as it may be building momentum to the downside.

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.

NASDAQ_FONR
Open High Low FONR Price Change
21.90 21.90 21.48 21.59 -0.30
Entry Signal

MarketClub’s Trade Triangles for FONR

long term up The long-term trend has been UP since Nov 15th, 2023 at 17.25

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2024 at 22.06

short term down The short-term trend has been DOWN since Mar 11th, 2024 at 22.31

Smart Scan Analysis for FONR

Based on our trend formula, FONR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for FONR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.90 21.90 21.48 21.59 -0.30
Prev. Close Volume Bid Ask Time
21.89 10858 2024-03-18 15:45:38
Year High30.1Year High Date2018-04-18
Year Low21.19Year Low Date2018-11-27
52wk High24.0552wk High Date2024-02-20
52wk Low12.130152wk Low Date2023-10-26
Year End Close4.33Average Volume22,838
Shares Outstanding6,764Short Interest222,492
% Institutional18.3Market Cap157M
Assets202,262,000MLiabilities38,375,000M
P/E Ratio12.3393Beta0.67
Volatility40.6
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