U.S. Indexes and Exchanges Quotes
The Fibonacci Calculator below allows you to generate basic Fibonacci retracement and extension values in both up and down trends, by entering the high and low values of your choice: for up trends Price (A) is the low and Price (B) is the high and for down trends Price (A) is the high and Price (B) is the low. In technical analysis Fibonacci Calculator is considered as a powerful tool for predicting approximate price targets.
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About the Fibonacci Levels
In technical analysis Fibonacci levels (retracements, extensions, end etc) are used to highlight areas of possible support (price stops going lower) or resistance (price stops going higher). The Fibonacci retracement is the potential retracement of price of a stock, index or any other tradable commodity from the original price trend. The Fibonacci levels are created by drawing horizontal trend-lines between two extreme points (highest high and lowest low) and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.
Fibonacci retracement is a very popular analytical tool and it is used by many traders in their technical analysis to help identify strategic target prices and stop losses. The main assumption behind Fibonacci stock market theory is that after a significant price movement up or down, the new support and resistance levels are often spotted at or near the Fibonacci levels. The principle of retracement is used also in many other technical indicators such as Zig Zag, Tirone levels, Quadrant Lines, Gartley patterns, Elliott Wave theory and more.
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