Key Takeaway
Pivot points calculate support and resistance levels from the previous day's high, low, and close prices. Day traders use these levels as entry/exit targets for intraday positions.
Pivot Point Calculator
Calculate daily support and resistance trading levels.
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Frequently Asked Questions
What are Pivot Points?
Pivot points are predictive technical indicators that use the previous day's high, low, and close prices to calculate support and resistance levels for the current trading day.
Are pivot points better for day trading or investing?
Pivot points are primarily used by day traders and high-frequency trading algorithms to find intraday turning points and breakout levels.
What happens if a stock opens above the main pivot point?
If a stock opens and stays above the central pivot point, the sentiment for the day is generally considered bullish.
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