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 24.1 to 38.25 . . 25.37 (91.02%)
Intermediate 35.65 to 28.65 . 32.49 (54.86%) .
Short 33 to 28.65 . . 32.49 (88.28%)