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 21.6 to 23.95 23.675 (11.70%) . .
Intermediate 22.83 to 23.95 23.675 (24.55%) . .
Short 23.51 to 23.95 . . 23.675 (62.50%)