Pivot point calculator

Pivot = (high + low + close) ÷ 3. Classic levels: R1 = 2 × pivot − low, S1 = 2 × pivot − high, R2/S2 = pivot ± the day's range, R3/S3 one more step out. Fibonacci levels add or subtract 38.2%, 61.8% and 100% of the range from the pivot. Pivots are widely watched, which is most of why they sometimes work; they are not predictions.

How are pivot points calculated?

Pivot = (high + low + close) ÷ 3 of the last session. R1 = 2 × pivot − low and S1 = 2 × pivot − high; R2/S2 add or subtract the day's range; R3/S3 go one step further. Fibonacci levels use 38.2%, 61.8% and 100% of the range.

Do pivot points work on the PSX?

They are widely watched by short-term traders, which is most of why prices sometimes react near them. They are not predictions, and they matter little for long-term investors.

Which day's prices are used?

The last full session in PSX's daily market-summary file, so the levels are for the next session.

• Brokerage and chargesEvery fee on a PSX trade, and the price you need just to break even.
• Fair valueGraham number, Peter Lynch and an earnings DCF, filled in with live EPS.
• Capital gains taxCGT on PSX shares by purchase date, holding period and filer status.