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 24.56 to 15.5 . . 20.99 (60.60%)
Intermediate 15.5 to 20.8 . 18.22 (48.68%) .
Short 16.3 to 20.8 . 18.22 (57.33%) .