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 29.09 to 17.72 . 23.9 (54.35%) .
Intermediate 17.94 to 23.34 . 20.46 (53.33%) .
Short 20.24 to 23.27 . . 21.41 (61.39%)