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 22.5 to 16.95 . . 21.06 (74.05%)
Intermediate 19.48 to 21.25 . . 19.694 (87.91%)
Short 21.25 to 19.5 . . 20.625 (64.29%)