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 20.18 to 22.33 21.68 (30.23%) . .
Intermediate 21.45 to 22.33 . . 21.68 (73.86%)
Short 22.33 to 21.51 . 22 (59.76%) .