Resistance

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Resistance

An effective upper bound on prices achieved because of many willing sellers at that price 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

An increased supply of a security. Compare support.
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.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Hugo Chavez's rise to power in Venezuela and the social revolution that brought him to the presidency were in large part due to the people's resistance movements against the failure of neoliberal reforms.
The eight were abducted en route to Jordan by gunmen identifying themselves as the Islamic Resistance Movement, according to a videotape released by the group on Tuesday.
Each of the chapters in this volume elucidates a particular type of resistance movement. One inadequacy of this book, however, is that it lacks a common analytical framework to link, consolidate, and guide the different chapters.
As part of the peace building process, Akoitai made a public apology for the burnings and killings carried out by the Resistance Movement. It started a long and painful journey of reconciliation in Bougainville, using traditional methods such as the exchange of shell money, feasts and mediation by tribal elders.
According to Britain's Sunday Telegraph, Le Coin de Verre is at the forefront of "a culinary resistance movement" dedicated to flouting the E.U.'s food-safety regulations.
Her reading is informed by two "prophetic prophets": Allan Boesak, who, as a liberation theologian, reads the text as protest literature for a resistance movement, and Mary Daly, who links the text with the patriarchal movement to destruction.
KARACHI -- A planned 'deindustrialisation' in Pakistan has dealt a deadly blow to the resistance movement in the country and further weakened the already feeble voices for people's rights, said noted social scientist Dr Riaz Shaikh in a lecture on Sunday.
He added that the Palestinian Resistance movement has arrived at a point where it can save the Islamic world from Western dominance.
By WYCLIFFE MUIA Lawyer and National Super Alliance (Nasa) activist Miguna Miguna has landed at Dubai and refused to leave the international airport.The self-declared general of National Resistance Movement (NRM) was kicked out of Kenya on Wednesday evening in breach of three High Court orders.
Raila said the Jubilee government has panicked because of the formation of National Resistance Movement.
PNN/ Bethlehem/ Amid rising tension and Israeli threats of a new war against Lebanon, Israel has threatened that Hassan Nasrallah, the head of Lebanon's resistance movement, will be a target of assassination in its next war.
ISLAMABAD -- The Chairman of All Parties Hurriyat Conference, Syed Ali Gilani paying tributes to popular martyred youth leader, Burhan Muzaffar Wani, and his two associates has said that their sacrifices infused a new life in the resistance movement.