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 ?
Deputy Secretary-General of the Popular Front for the Liberation of Palestine Abu Ahmed Fouad welcomed General Soleimani's support for the Palestinian resistance movements.
Different resistance movements use different "weapons", or protest techniques.
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TEHRAN (FNA)- Hamas Representative in Lebanon Ali Baraka underlined that the Palestinian resistance movement is determined to continue its good relations with Iran.
The joint statement by the Palestinian resistance movements came after multiple car bomb explosions were carried out in the besieged Gaza Strip, targeting vehicles belonging to members of Hamas and Islamic Jihad.
TEHRAN (FNA)- Palestinians took to the streets in the Gaza Strip to protest against an Egyptian court ruling that designated the Islamic Resistance Movement of Hamas as a "terrorist' group, media report said.
The Iranian deputy foreign minister noted that Iran has never been, nor will it ever be, negligent in supporting Palestine and resistance movements.
TEHRAN (FNA)- Commander of the Islamic Revolution Guards Corps Major General Mohammad Ali Jafari underlined that the IRGC forces along with Iranian nation will continue support for the resistance movement until all the occupied Palestinian territories are set free.
Head of the Iranian Parliament's Sunni deputies fraction Abed Fattahi said that while the White House is pushing for disarming Hamas and other Palestinian Resistance Movements, Ayatollah Khamenei wisely called for more support of the Muslim nations for Palestinians, the Islamic republic news agency reported.
Palestinian resistance movements active in Syria announced this week that after Syria openly welcomed and hosted the Palestinian refugees and movements, now these movements feel duty-bound to defend the Syrian soil and people.
TEHRAN (FNA)- The Popular Front for the Liberation of Palestine (PFLP) underlined that Islamic resistance movements and Damascus are fully ready to confront and respond to any potential US attack on the Muslim country, reiterating preparedness for the worst and most dangerous scenarios.