Pivot Point

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Definition: Pivot Point

Pivot Point
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Full Definition of Pivot Point

A technical indicator which is used to predict a change in resistance or support levels for a stock. The pivot point is calculated by taking the average of a stock’s daily high, low, and closing price. If the market price increases above the pivot point, it is said to indicate a new support level, but if it decreases below the pivot point, it is said to indicate a new resistance level. Pivot points are often used in analysis of the forex market. Formula: the sum of the high, low, and closing prices divided by 3.

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https://payrollheaven.com/define/pivot-point/ (accessed: April 20, 2024).
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, from PayrollHeaven.com website: https://payrollheaven.com/define/pivot-point/

Definition Sources

Definitions for Pivot Point are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.