March 13, 2019
A “pivot point” is a technical analysis indicator used to understand the overall trend of the market over different time periods. The pivot point is the average of the high, low and closing prices from the previous day. On the following trading day, any trading higher than the pivot point would indicate an ongoing bullish trend, and any trading below the pivot point would indicate a bearish trend. Pivot point analysis is used alongside factoring in support and resistance levels, similar to trend line analysis. In pivot point analysis, the first support and resistance levels are found by utilizing the width of the trading range between the pivot point and either the high or low prices of the previous trading day while secondary support and resistance levels are found using the full width between the high and low prices of the previous trading day.Pivot points are oft-used indicators for trading futures, commodities, and stocks. They are static, remaining at the same price level throughout the day. Five pivot point levels are generated by using data from the previous day’s trading range.
These are composed of a pivot point and two higher pivot point resistances called R1 and R2 and also two lower pivot point supports called as S1 and S2. Epazz Inc (EPAZ)’s Pivot Point is 0.0181. Its 1st Resistance Point is 0.0195 and its 2nd Resistance Point is 0.0203. The 1st Support Point is 0.0173 while its 2nd Support Point is 0.0159.
Epazz Inc (EPAZ)’s Raw Stochastic, which shows (on a range of 0%-100%) where the price closed in relation to its price range over the last nine days is 77.08%. Their Stochastic %K, which indicates (on a range of 0%-100%) where the price closed in relation to its price range over the last nine days with a 3-period exponential moving average applied is 55.63%. Finally, their Stochastic %D, the indicator that shows (on a range of 0%-100%) where the price closed in relation to its price range over the last nine days with a 3-period exponential moving average applied, is 54.35%.
Epazz Inc (EPAZ)’s TrendSpotter Opinion, the signal from Trendspotter, a Barchart trend analysis system that uses wave theory, market momentum & volatility in an attempt to find a general trend, is Buy.