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 17.12 to 19.63 19.34 (11.55%) . .
Intermediate 19.18 to 19.63 . . 19.34 (64.44%)
Short 19.34 to 19.84 19.76 (16.00%) . .