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 19.44 to 11.24 . 16 (58.05%) .
Intermediate 16.66 to 11.24 . . 16 (87.82%)
Short 12.78 to 16.022 . . 12.781 (99.97%)