Support

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Support

An effective lower bound on prices supported because of many willing buyers at that price level.

Support

In technical analysis, a price that a security does not or only rarely falls below. Technical analysts identify a support level by looking at past performance. It is seen as an indication to buy the security, which will increase the demand, causing the security's price to move above the support level. The demand comes from investors who fail to buy the security at the support price, and resolve to do so if it reaches that price again. If buyers are not forthcoming, however, the security falls below the support level. When this occurs, the price of the security will likely continue to drop until it finds another support level. See also: Price floor, Resistance (Resistance level).

support

Increased demand for a security. Compare resistance.

Support.

Support, or support level, is the bottom of a stock's current trading range, or the point at which the price is low enough to stimulate demand among investors. Strong buying at the support level moves the stock's price up from its low.

For example, if every time stock A's price drops to $40 investors begin to buy, then $40 is considered its support. But a trading range isn't fixed, so the support level tends to move higher or lower over time in response to changing market conditions and investor attitudes.

If stock A falls to $38 without a surge of buying, the current support line has been breached. This may be the result of a falling market or a bearish assessment of the stock's value. On the other hand, if demand increases at $43, that may become the new support level.

Conversely, the level at which supply exceeds demand and investors typically sell a certain stock is called resistance. It's the point that's considered the top of a stock's current trading range.

Technical analysts use the concepts of support and resistance in anticipating future stock prices.

Support

The total amount provided on behalf of an individual. Support includes food, lodging, and other necessities as well as recreation and other nonessential expenditures. Support is not limited to necessities and can be as lavish as the taxpayer can afford. The amount of support in determining whether an individual qualifies as a dependent.
References in periodicals archive ?
The EUR/USD pivot point is1.3768, with resistance levels at 1.3775, 1.3782 and 1.3789; and support levels at 1.3761, 1.3754 and 1.3747.
These moves to tighten standards have occurred despite the fact that credit support levels for seasoned, nonagency mortgage-backed securities remain surprisingly robust.
The AUD/USD pivot point is 0.9286, with resistance levels at 0.9290, 0.9295 and 0.9299; and support levels at 0.9281, 0.9277 and 0.9272.
Support levels to watch in that event would be at $53.06, the $52 area, $50.26, and the 52-week low at $49.27.
"Astonishingly, gold prices have rallied by more than seven per cent during the last three weeks and despite last week's unfavourable US data regarding unemployment claims [and the US] dollar was able to sustain the support levels," said Century Financial in its weekly market report.
AB Capital sees immediate support levels at the 7,200-7,100 range, while secondary support level was seen at the 6,900 level.
Support levels to watch as potential downside objectives in this scenario would be at $63.50, $61.04, the $60 area, and $59.10.
INVESTORS should closely monitor support levels for this week to determine whether recent record gains could be sustained and even breached anew, a stockbrokerage house said.
Support levels to watch below $154 as potential downside objectives would be at $151.03, the $150 area, $148.62, and the $145 area.
On the other hand, support levels are seen at 7,760 and 7,650.
"I think Arabtec tomorrow will see a new low at support levels of around Dh6 -- Dh5.93 to be exact -- then up again to test a resistance level around Dh6.80," Al Ashri said.
Next support levels to watch as potential downside objectives would be at $87.83 and then at the $85 area which was the low bound from February of this year.

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