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 36.88 to 26.43 28.96 (24.21%) . .
Intermediate 33.53 to 26.43 28.96 (35.63%) . .
Short 29.86 to 26.43 . . 28.96 (73.76%)