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 to 24.89 23.7 (4.78%) . .
Intermediate 23.16 to 24.89 . . 23.7 (68.79%)
Short 23.23 to 24.89 . . 23.7 (71.69%)