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 18.4 to 14.05 15.63 (36.32%) . .
Intermediate 15.72 to 14.05 . . 15.63 (94.61%)
Short 15.63 to 11.66 12.76 (27.71%) . .