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Pivot Point

A pivot point is a price level of significance in technical analysis of a financial market that is used by traders as a predictive indicator of market movement

A pivot point is a price level of significance in technical analysis of a financial market that is used by traders as a predictive indicator of market movement

Pivot Point

by GTL
Pivot Point
Pivot Point
Pivot Point

What is it about?

A pivot point is a price level of significance in technical analysis of a financial market that is used by traders as a predictive indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.

Pivot Point

App Details

Version
1.0
Rating
(3)
Size
0Mb
Genre
Finance Business
Last updated
January 20, 2012
Release date
January 20, 2012
More info

App Screenshots

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App Store Description

A pivot point is a price level of significance in technical analysis of a financial market that is used by traders as a predictive indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.

It is customary to calculate additional levels of support and resistance, below and above the pivot point, respectively, by subtracting or adding price differentials calculated from previous trading ranges of the market.

A pivot point and the associated support and resistance levels are often turning points for the direction of price movement in a market. In an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur. In a declining market, a pivot point and the support levels may represent a low price level of stability or a resistance to further decline.

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