support level


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Related to support level: Resistance level

Support level

A price level below which it is supposedly difficult for a security or market to fall. That is, the price level at which a security tends to stop falling because there is more demand than supply; can be identified on a technical basis by seeing where the stock has bottomed out in the past.

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 level

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support level
A price at which a security or the market will receive considerable buying pressure. Technical analysts believe demand at the support level will tend to keep a stock's price from falling below the support-level price. A support level develops as investors miss purchasing a stock just before a price rise and resolve to buy the stock if it again reaches that level. Compare resistance level.
References in periodicals archive ?
"After US President Donald Trump announced Jerusalem as Israel's capital, this led to an increase in profit taking and the main index broke its support level at 14,360," the Osool branch manager stated.
For example, BlueGrace Logistics' franchise model is based on a fluid continuum of three, tiered support levels. With our guidance, franchisees can pick and choose exactly what support and training they need and want from our corporate office.
In both cases, the stock rallied after holding above the support levels.
Automated record creation, item tracking, and budget allocation has removed some basic input and maintenance functions to a clerical support level, but judgment remains the key element for the position of managing an efficient and effective functional unit and seems a variable unlikely to change in the foreseeable future.
Subscription services for the software liferay digital experience platform (dxp) - support level gold - are procured in the scope provided by the manufacturer liferay from 1.5.2019.
"Damac stock is still bearish and may head towards the new support level of Dh1.05," Shiv Prakash, senior analyst with First Abu Dhabi Bank Securities said.
PSEi carries positive momentum !-- -- Iris Gonzales (The Philippine Star) - September 17, 2018 - 12:00am MANILA, Philippines Share prices may recover this week with next support level seen at 7,350, analysts said.
Nabil noted that not surpassing that resistance level during the recent week's trading sessions means that the index will move towards 13,970 points again, regarding it as the first support level.
A price falling near its support level is expected to bounce up from that level, and a price that has reached its resistance level is expected to bounce back down to lower points.
Finally, on Thursday, the index fell marginally but remained above its support level of 8,545.7.
The support level at $26.50 is quite significant as the next support level at $25.20 is relatively minor.
Based on these parameters, the support level is automatically adjusted according to patient demand every 2 to 5 minutes.

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