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 27.76 to 16.95 19.56 (24.14%) . .
Intermediate 25 to 16.95 19.56 (32.42%) . .
Short 21.79 to 16.95 . 19.56 (53.93%) .