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 17.76 to 21.97 20.86 (26.37%) . .
Intermediate 20.01 to 21.97 . 20.86 (56.63%) .
Short 21.97 to 20.86 . 21.48 (55.86%) .