Pivot Point

What Does Pivot Point Mean?
A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.

Investopedia explains Pivot Point
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
Pivot
Resistance
Structural Pivot
Support
Technical Analysis
Trend
Trend Analysis
More Related Terms

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