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 22.52 to 16.96 17.75 (14.21%) . .
Intermediate 21.4 to 16.96 17.75 (17.79%) . .
Short 17.95 to 16.85 . 17.38 (48.18%) .