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 29.39 to 16.99 . . 27.44 (84.27%)
Intermediate 16.99 to 27.77 . 23.33 (41.19%) .
Short 27.77 to 23.25 . 25.61 (52.21%) .