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 29.38 to 34.1 . 31.69 (51.06%) .
Intermediate 31.86 to 34.1 . . 31.69 (107.59%)
Short 34.1 to 31.69 32.47 (32.37%) . .