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 7851.7 to 8335.1 . . 7927 (84.42%)
Intermediate 8335.1 to 7927 . . 8363.8 (107.03%)
Short 7927 to 8257.1 8207.2 (15.12%) . .