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Pivot Point |
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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 signal a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level. Related Terms: How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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