[kon-fer-mey-shuh
n] 
| 1. | the act of confirming. |
| 2. | the state of being confirmed. |
| 3. | something that confirms, as a corroborative statement or piece of evidence: His birth certificate served as confirmation of his citizenship. |
| 4. | a rite administered to baptized persons, in some churches as a sacrament for confirming and strengthening the recipient in the Christian faith, in others as a rite without sacramental character by which the recipient is admitted to full communion with the church. |
| 5. | a solemn ceremony among Reform and certain Conservative Jews that is held in the synagogue, usually on Shavuoth, to admit formally as adult members of the Jewish community Jewish boys and girls 14 to 16 years of age who have successfully completed a prescribed course of study in Judaism. |
| con·fir·ma·tion (kŏn'fər-mā'shən) n.
|
Confirmation
1. The occurrence of two or more indicators corresponding with one another and thereby corroborating the predicted trend.
2. The written acknowledgment provided by a broker indicating that a trade has been completed. It includes details such as the date, price, commission, fees, settlement terms, and so on.
Investopedia Commentary
1. A confirmation strengthens the implication of technical indicators. When a confirmation occurs, traders become more confident that the predicted trend will occur. If there is no confirmation, there is divergence.
2. Confirmation slips are usually mailed out within one week of the trade date.
Related Links
Introduction To Technical Analysis
See also: Broker, Divergence, Indicator, Resistance, Settlement Date, Support, Technical Analysis, Trade
confirmation
A written acknowledgment of a security trade that lists important details of the trade such as date, size of the transaction, price, commission, taxes, and amount of money involved. A confirmation is generally mailed the day after a trade takes place. See also cancellation.
The reaction of one technical indicator (such as the movement of a stock price average) that strengthens a signal given by another indicator.
