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 5.81 to 8.67 . . 6.32 (82.17%)
Intermediate 8.67 to 6.24 . 7.5 (51.85%) .
Short 7.73 to 6.24 . . 7.5 (84.56%)