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 7.4 to 8.04 . 7.71 (51.56%) .
Intermediate 8.04 to 7.67 . 7.85 (48.65%) .
Short 7.98 to 7.67 . 7.85 (58.06%) .