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 50 to 58.19 . 53.7597 (54.09%) .
Intermediate 54.07 to 58.19 . . 53.7597 (107.53%)
Short 58.19 to 53.6468 54.6165 (21.34%) . .