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 48 to 58.14 56.92 (12.03%) . .
Intermediate 58.14 to 56.92 . . 60.6 (301.64%)
Short 56.92 to 59.82 59.53 (10.00%) . .