After completing its last trading session, Fonar Corporation (NASDAQ:FONR) dropped by -1.3% – here is what that looked like (as of 2019-12-04):
What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 50.69, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.403, an Accumulation/Distribution Index (ADI) of 0.403, an On-Balance Volume (OBV) of 470.804, and a Chaiikin Money Flow (CMF) of 19.9. 2.692
Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.