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 2.7432 to 2.9696 . . 2.8072 (71.73%)
Intermediate 2.9546 to 2.8668 . . 2.9314 (73.58%)
Short 2.9314 to 2.8069 2.8257 (15.10%) . .