Pivot Point

Dictionary Says

Definition of 'Pivot Point'

A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.
Investopedia Says

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.

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