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 40.84 to 29.96 . . 42.3453 (113.84%)
Intermediate 38.86 to 40.53 . 39.7674 (45.66%) .
Short 39.7674 to 41.9684 41.54 (19.46%) . .