Hang Seng Stock Daily Pivot Point table will show you Daily support resistance with 3 major points. So the main factor in creating a pivot Point is the previous Week’s high, low and close price. It’s a big headache to count Daily pivot points for a trader and that’s why we have introduced this page where you can come back daily and get the Hang Seng Stock pivot level. This page is updated daily to give you a Daily pivot point level for most of the scripts.
A technical indicator is derived by calculating the numerical average of a particular stock’s high, low, and close prices. 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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