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 16.24 to 17.02 . 16.66 (46.15%) .
Intermediate 17.02 to 16.62 . . 16.9 (70.00%)
Short 16.92 to 16.62 . . 16.9 (93.33%)