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 24.14 to 22.34 . 23.24 (50.00%) .
Intermediate 23.19 to 22.75 . . 23.19 (100.00%)
Short 22.75 to 23.1 22.97 (37.14%) . .