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 23.19 to 19.35 20.4 (27.34%) . .
Intermediate 23.18 to 19.35 20.4 (27.42%) . .
Short 21.48 to 19.35 . 20.4 (49.30%) .