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 7.94 to 8.56 . . 8.03 (85.48%)
Intermediate 8.56 to 8.1 . 8.3 (43.48%) .
Short 8.32 to 8.1 . . 8.3 (90.91%)