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 ?
Indeed, a common characteristic of the unsuccessful nonviolent movements highlighted in the historical case studies is the tendency to persist with one set of tactics rather than adjust to changing conditions to exploit the oppressor's weaknesses or to compensate for emerging vulnerabilities in the resistance movement.
It is a desperate attempt to export the internal Egyptian crisis and will have no effect on the position of Hamas which enjoys the respect of all the people and leaders of the nation," read the statement by the resistance movement issued on its official website.
Speaking in a meeting with Mohammad Nasr, a political bureau member of the Palestinian resistance movement Hamas, and his accompanying delegation on Tuesday, the top Iranian parliamentarian said that the Islamic Republic of Iran will continue its support for the Palestinian resistance movements, saying that the Palestinian nation will emerge triumphant from the fight against Israel despite attempts by supporters of the regime in the region and all over the world.
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.
The Iranian defense minister noted that the recent victory of the Palestinians resistance movement has revived the hope that the occupied territories will be purged of the occupying and criminal Zionist forces.
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.
He pointed to the preparedness of the Palestinian and Lebanese resistance movements to confrontEepossible threats and aggressions in the region, and said, "If needed these two Islamic resistance movements are fully ready to carry out the necessary missions.
Yesterday, Tehran deplored the Union's decision and reiterated its strong and everlasting support for anti-Zionist resistance movements in the region, particularly Hezbollah, which it said plays a pivotal role in the anti-Israeli axis.
TEHRAN (FNA)- Iran's Ambassador to Beirut Qazanfar Roknabadi reiterated Tehran's continued all-out support for anti-Israel resistance movements in the region, specially the Lebanese Army and Hezbollah Resistance Movement.
He praised the capability of the anti-Israeli resistance movements in the region, and added, "Fortunately, the Resistance movement has become mature enough to defend itself very well against any kind of aggression.