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 23.09 to 38 . . 28.4 (64.39%)
Intermediate 26.17 to 38 . . 28.4 (81.15%)
Short 38 to 29.01 29.9 (9.90%) . .