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 30.3 to 22.77 24.58 (24.04%) . .
Intermediate 27.63 to 22.77 24.58 (37.24%) . .
Short 26.54 to 22.77 . 24.58 (48.01%) .