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 23.2 to 19.77 . . 21.86 (60.93%)
Intermediate 19.77 to 21.93 . 20.69 (57.41%) .
Short 21.93 to 21.03 . . 21.75 (80.00%)