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 16.2 to 24.31 . . 17.95 (78.42%)
Intermediate 24.31 to 17.95 18.5 (8.65%) . .
Short 18.7 to 17.95 . . 18.5 (73.33%)