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 8.487 to 7.9489 . 8.2582 (57.48%) .
Intermediate 7.9489 to 8.1796 . 8.0713 (46.94%) .
Short 8.01 to 8.1796 . . 8.0713 (63.86%)