technical rally

Technical rally

Short rise in securities or commodities futures prices in the face of a general declining trend. Such a rally may result because investors are bargain hunting or because analysts have noticed a particular support level at which securities usually bounce up. Antithesis of correction.

Technical Rally

An increase in a security's price following a downward trend. It is important to note that a technical rally is caused by technical factors, rather than by any fundamental changes to the security. For example, an increase in price resulting from investors' needs to buy the security to return shares sold on margin is a technical rally. An actual change to the security's value, such as the announcement of stronger-than-usual sales, may result in an increase in the share price, but this is not considered a technical rally.

technical rally

A temporary rise in a security price or in the general market during a downward trend. Technical rallies are considered interruptions to a general trend.
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After a brief technical rally Wednesday, oil prices resumed their slide on European markets Thursday, driven by the combination of excessive production and flagging demand.
In a statement, Total said the unique challenges, high ambient temperatures and a tight technical rally route add excitement to the high calibre of Namibian rally championship competitors.
It's a compact and technical rally which will require good skills in tackling the challenges, not just pure speed, and we stand a good chance of taking a win.
stocks set to rally and a drop in buying pressure on the Bund, the equity rebound started last week could become a technical rally, and the target becomes the 50 percent retracement of the mid-March to early-June slump," Aurel BGC chartist Gerard Sagnier said.
The Tokyo market rebounded at the outset on a technical rally and after U.
Those who had sold short, betting prices would continue to fall, had to cover their positions, thus causing a technical rally of around $3.
Gold dropped from its year to date high as the US dollar rallied on the back of FOMC minutes supporting a stronger dollar, a technical rally on the perceived cheapness of the dollar, and intonations by the current administration that the budget deficit will be reduced sooner than later.
It means a lot as the Ford Focus was very fast on this technical rally.
A slight technical rally then followed but further losses cannot yet be ruled out.
6% in thin trading after enjoying a technical rally last week.
MARKET LOGIC: A late-afternoon technical rally pulled stocks out of a sharp decline, allowing blue chips to finish higher.
Jeff Carter and his team's indicators continue to give neutral readings following an oversold technical rally this past week.

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