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 20.7 to 15.04 16.37 (23.50%) . .
Intermediate 16.67 to 15.04 . . 16.37 (81.60%)
Short 15.04 to 16.51 . 15.825 (46.60%) .