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 40.3 to 26.33 . . 37.18 (77.67%)
Intermediate 30.01 to 37.18 . 33.06 (57.46%) .
Short 37.18 to 33.05 . . 36.81 (91.04%)