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 53.96 to 59.17 . . 54.71 (85.60%)
Intermediate 59.17 to 54.63 . 57.16 (55.73%) .
Short 59.17 to 54.63 . 57.16 (55.73%) .