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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The selloff since Chair Powell's press conference pushed rate up to their highest levels in over a week, and testing resistance levels, though there doesn't appear to be strong impetus to push yields higher currently.
Dealers said prices continued to correct from a recent Brazilian real-inspired rally, with further speculative selling emerging after the market failed to push above technical resistance levels. Focus shifted back to worries that India may export up to 5 million tonnes of sugar to the world market.
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.
Ravelas sees immediate support and resistance levels at 8,300 and 8,600, respectively.
Intermediate resistance levels are expected to be around 8,650 then 9,600.
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.
The figures represent a big rise in resistance levels compared to a 2006 study when 78% of farms were resistant to Benzimidazole, and 34% to Levamisole.
VIPER Subsea revealed its latest innovation -- V-Lim -- at the Deep Offshore Technology International conference and exhibition in Aberdeen.The V-Lim is a line integrity monitor that provides extremely accurate electrical integrity data across a wide range of insulation resistance levels and can be readily integrated into topsides equipment either as part of a retrofit or as part of a new topsides electrical power unit, says a company press release.
In which case, the AUDUSD could possibly use previous resistance levels as support.