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 28.524 to 21.708 . . 26.668 (72.77%)
Intermediate 21.708 to 26.668 . . 22.18 (90.48%)
Short 26.668 to 22.18 23.858 (37.39%) . .