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 8.14 to 5.71 . . 7.37 (68.31%)
Intermediate 5.85 to 7.37 . 6.66 (46.71%) .
Short 7.37 to 6.56 . 7.01 (55.56%) .