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Definition

<p style="text-align: justify;">This is the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">price</span> at which the last transaction of a particular <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">share</span> took place during the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">trading</span> session being reported on. The uncrossing prices calculated during the closing auction call phase at the end of the trading day become the closing prices for the day. Those prices are then reported by the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">JSE</span>, newspapers and your software. Your software includes five pieces of data every day for each <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">listed</span> share - the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">high</span>, the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">low</span>, the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">open</span>, the close and the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">volume</span> traded. The closing price is used in all line <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">chart</span>s and is usually the basis of the calculation of <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">indicators</span> like the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">moving average</span>, the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">stochastic</span> and the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">overbought/oversold</span>. Your software includes about 60 different indicators most of which are based on the daily closing prices.</p>