Ever since FibGrid was created, people have been asking for a tool like it for individual stocks. StockGrid was the first attempt. I refer to StockGrid as being like “pivots on steroids.” StockGrid uses the same Fibonacci calculations as FibGrid. However FibGrid is based on long-term Elliott Wave calculations which can’t always be found for stocks. StockGrid gets short-term levels in a manner similar to pivots so it will work on any stock and really any security.

Many people use and like StockGrid and the levels often work well, but I still wanted something that would have the same power as FibGrid so I jumped in and started FibGrid Stock Update.

FibGrid Stock Update is a subscription add-on to FibGrid. With Stock Update I continually review the 150+ stocks (currently) that are included and update the values used for the long-term projections and I keep adding new stocks.

Updates to the indices, index ETFs, currencies, and futures included with FibGrid are included free. The extra uncertainty of wave count with individual stocks causes them to need more careful monitoring and changes, plus the sheer number of them means that the there are always some levels to re-calculate. So the only way I could reasonably produce something like FibGrid Stock Update is as a subscription service. That being said, having seen the levels on FibGrid Stock Update, I am constantly amazed.

StockGrid and FibGrid stock update each have their advantages. StockGrid will work on everything and it is a one-time fee. Stock Update is offered as a subscription, and produces the best support and resistance levels I’ve seen for individual stocks, but only works for stocks on the list. I use subscriber requests to prioritize new additions, but there is no guarantee that I can find wave values for every stock.