Pivot Point
A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices. Investopedia Says:
The pivot point is used as a predictive indicator. If the following day's market price falls below the pivot point, it may be used as a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level. Related Terms:
Congestion
Correction
Moving Averages
Resistance
Support
Technical Analysis
Trend
Trend Analysis |