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 18.46 to 22.84 . . 20 (64.84%)
Intermediate 22.84 to 20 . . 22.9104 (102.48%)
Short 22.6715 to 20.52 . . 22.9104 (111.10%)