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 35.75 to 28.56 30.7 (29.76%) . .
Intermediate 31.61 to 28.56 . . 30.7 (70.16%)
Short 30.02 to 28.245 28.88 (35.77%) . .