resistance level

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Resistance level

A price level above which it is supposedly difficult for a security or market to rise. Price ceiling at which technical analysts note persistent selling of a commodity or security. Antithesis of support 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 level

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resistance level
A price at which a security or the market itself will encounter considerable selling pressure. A resistance level is formed when investors purchase large amounts of a security just before a decline and then resolve to sell the security should it again reach the level at which it was purchased. Technical analysts believe that an additional supply of a security will tend to keep its price from rising above the resistance level. Also called overhead resistance level. Compare support level. See also overhanging supply.
References in periodicals archive ?
He advised investors to watch shares that reach lower bottom levels, in comparison to their previous bottom levels, adding that they should have the ability to break up their last resistance levels during upside waves.
Intermediate resistance levels are expected to be around 8,650 then 9,600.
Primary and secondary resistance levels were seen higher at 8,100 and 8,150, respectively, AB Capital said.
Understanding how support and resistance levels work in practice can help traders identify opportunities for opening and closing trades when the price of a currency pair moves near these levels, depending on whether the price bounces back or breaks out.
Populations collected from Multan, Khanewal, Lodhran and Bhakar had very low resistance levels and a population collected from Muzaffar Garh had a low resistance level when compared with the susceptible population.
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In the event that price is able to break out strongly above this level, important potential resistance levels to the upside reside around 1.
AUSTRALIA -- Researchers investigated the relationship between clinical neuroimaging measures of stroke severity in acute stroke patients and their aspirin resistance levels.
Professional traders and market makers use pivot points to identify important support and resistance levels.
The GameCycle has ten smooth, adjustable resistance levels.
Substantial resistance levels in Northern Hemisphere countries with and without enrofloxacin use, which occurred well before fluoroquinolones were ever used in animals (3-5), also suggest that attribution of such resistance to enrofloxacin is simplistic.