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 29.49 to 22.58 . . 29.2 (95.80%)
Intermediate 25.07 to 29.23 . 27.05 (52.40%) .
Short 29.23 to 27.05 . . 28.83 (81.65%)