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 16.325 to 28.88 . . 18.32 (84.11%)
Intermediate 28.88 to 18.06 . 23.42 (49.54%) .
Short 18.06 to 23.37 22.8 (10.73%) . .