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 ?
Commenting on the battle against terrorists in Syria, Nasrallah dismissed claims that the Lebanese resistance movement seeks division in the Arab country.
Our commitment to the Resistance Movement springs from our concern for defending the nation's interests, unity, stability and security," stressed Fayyad.
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Silence is replete with useful charts, facts, and quotations for student activists and budding lawyers wishing to pick up the gauntlet where yesterday's resistance movement left off.
The third part of the book focuses on popular reaction to developments in the war years such as political and military affairs, the war economy, foreign labor, euthanasia, and the resistance movement.
Connor's study risks reducing blackness to a condition of oppression and dispossession and relegating black life to little more than a resistance movement that anyone can join through imaginative acts.
As part of the peace building process, Akoitai made a public apology for the burnings and killings carried out by the Resistance Movement.
The Palestinian resistance movement accentuated the deep social and political fissures between the Muslim and Christian confessions in Lebanon.
Conversely, the Danish resistance movement was surprisingly effective; the El Salvador strike ousted an odious dictator; and the Solidarity campaign, while only partially successful in the short term, created the conditions for a definitive victory just a few years later.