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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).


An increased supply of a security. Compare support.


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 ?
Since then, she has become an icon for the Palestinian resistance movement and other similar groups.
The most paradoxal element unveiled by Professor Moye is the fact that Sunflower County, which had been at the heart of the oppressive racial regime in Mississippi, became the birthplace of a powerful resistance movement.
Disarming Hezbollah, which started as a resistance movement to fight the Israeli occupation of southern Lebanon in 1982, does not seem in the offing.
Still, the resistance movement against targets like the WTO has been so successful that countries like the U.
He survives, sometimes as a translator with German troops, sometimes taking refuge with Italian families; eventually he joins the resistance movement of young Italians fighting against the occupying Germans.
In a nod to the resistance movement, Mei occasionally wandered away while the others worked as a team.
The 66 participants who reported ties to the Danish resistance movement displayed particularly accurate factual recall and remembered personal experiences with great clarity.
The Islamic Resistance Movement, Al-Numan Battalion, has decided to release the eight citizens as a goodwill gesture for the friendship between the two countries of Iraq and China,'' an insurgent said on the tape, according to a translation by the Associated Press.
The latest works often challenge our views and shatter myths, but they give the Underground Railroad its due as a major resistance movement in which the enslaved, their flee black brethren, Native Americans and whites were often co-conspirators.
Each of the chapters in this volume elucidates a particular type of resistance movement.
By the age of eight, he was having sex with other boys (so he later claimed); at fourteen, he joined the resistance movement against Batista and, by twenty, had written the first of his nine hallucinatory novels, the only one published in Cuba.
As part of the peace building process, Akoitai made a public apology for the burnings and killings carried out by the Resistance Movement.