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 24.3 to 20.34 . . 23.18 (71.72%)
Intermediate 20.34 to 23.18 . . 20.79 (84.15%)
Short 20.34 to 23.18 . . 20.79 (84.15%)