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 279.74 to 321.29 . 297.5 (57.26%) .
Intermediate 321.29 to 292.6 . . 319.65 (94.28%)
Short 292.6 to 319.65 311.96 (28.43%) . .