Resistance

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Resistance

An effective upper bound on prices achieved because of many willing sellers at that price level.

Resistance Level

In technical analysis, a price that a security does not, or only rarely, rise above. Technical analysts identify a resistance level by looking at past performance. When the security approaches the resistance level, it is seen as an indication to sell the security, which will increase the supply, causing the security's price to fall back below the resistance level. If there are too many buyers, however, the security rises above the resistance level. When this occurs, the price of the security will likely continue to rise until it finds another resistance level. It is also called the overhead resistance level. See also: Price ceiling, Support (Support level).

resistance

An increased supply of a security. Compare support.

Resistance.

Resistance, or resistance level, is the top of a stock's current trading range, and the point at which the price is higher than investors are willing to pay. As stockholders sell at resistance level, the stock price goes down because supply exceeds demand.

For example, if, on a repeated basis, as stock A's price reaches $60, stockholders begin to sell, then $60 is considered its resistance level. But a trading range isn't fixed and investor attitudes change, so the resistance level tends to move higher or lower over time.

If stock A rises to $63 without a surge of selling, the current resistance line has been breached. This may be the result of a rising market or a bullish assessment of the stock's value. On the other hand, if selling increases at $57, that may become the new resistance level.

Conversely, the level at which demand exceeds supply and investors typically buy a certain stock is called support. It's the point that's considered the bottom of a stock's current trading range.

Technical analysts use the concepts of resistance and support in anticipating future stock price movements.

References in periodicals archive ?
Bill took extra precautions when transporting French Resistance fighters in case they were secretly working for the Nazis.
Vasenin's extraordinary nine decades of life have seen him captured by the Nazis, escape from German captivity, join the French resistance and then be arrested on his return to the Soviet Union.
Mr Hessel, a former French Resistance fighter and concentration camp survivor, died last week at the age of 95.
London June 21 (ANI): Rare pictures of French Resistance agents being fired at the Nazis' largest execution site in France are on public display for the first time in Mont Valerien, a 19th century fort outside Paris.
the flame of French resistance must not and will not be extinguished.
General de Gaulle's broadcast from a BBC studio on June 18 1940 - the day after Marshal Philippe Petain's government announced its surrender to the Germans - is widely seen as the founding act of the Second World War French resistance.
A WORLD War II veteran, who was shot down over France and was helped by the French Resistance, has died aged 86.
A touchdown by Stirling Mortlock ended French resistance although Alexis Palisson restored some pride.
Written specifically from a military history perspective, The Far Reaches of Empire chronicles how Britons and Yankees waged an efficient and effective counterinsurgency that eventually overwhelmed Acadian, Indian, and French resistance in Nova Scotia.
Terry Crowdy's FRENCH RESISTANCE FIGHTER: FRANCE'S SECRET ARMY (9781846030765, $17.
Annette Renard leads a double life in Nazi-occupied France as the town's teacher and also a new member of the French resistance movement.
St Helens comfortably covered the general 18-point handicap after stubborn French resistance from Les Catalans had kept the first final at the rebuilt Wembley pointless for the first half-hour, and two Saints stars ended up sharing the Lance Todd Trophy.