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 62.17 to 41.55 . . 57.7 (78.32%)
Intermediate 59.04 to 51.51 . . 56.1 (60.96%)
Short 56.44 to 51.51 . . 56.1 (93.10%)