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 21.77 to 15.76 18.14 (39.60%) . .
Intermediate 20.26 to 15.76 . 18.14 (52.89%) .
Short 18.2 to 16.71 . 17.51 (53.69%) .