Fibonacci Analysis: Fibonacci analysis evaluates the short term (30 days) intermediate term (60 days) and long term trends (120 days) and retracements. Stocks that retrace 38.2% or less of a trend will usually continue the trend. Retracements exceeding 61.8% indicate a reversal. Alerts will include ABC's up/down (multiple 38% retracements) and various reversal signals.
Time FrameTrend38.2%50%61.8%
Long 22.63 to 19.1 20.39 (36.54%) . .
Intermediate 21.58 to 19.1 . 20.39 (52.02%) .
Short 19.85 to 20.39 . . 19.9 (90.74%)