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 34.2 to 23.45 26.25 (26.05%) . .
Intermediate 27.3 to 23.45 . . 26.25 (72.73%)
Short 27.28 to 23.45 . . 26.25 (73.11%)