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


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).


Increased demand for a security. Compare resistance.


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.


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 ?
* What is the reasonable and supportable period, and what should be reverted to beyond it?
"This means that, in line with many local authorities, a cap on non-residential services, particularly for those with significant resources, is no longer supportable.
The primary objective of the 11th Annual Systems Engineering Conference is to provide insight, information, and lessons learned into how we can improve the overall performance of defense programs through a better, more focused application of systems engineering that will lead to more capable, interoperable, and supportable weapon systems for the warfighter, with reduced total ownership costs, to help our military meet its current and new mission area and capabilities requirements.
Also, the process currently in use does not produce realistic, capability-based metrics to drive supportable operational decisions.
Carper and Hunt have done a remarkable job of properly blending imagination with a supportable presentation of what was in the dissenting tradition.
of New York), the public is engaged in the planning process at Curitiba, elects city officials also engaged in planning and supporting positive changes, and expects innovations that are supportable with current city resources.
Mr Smith suggested some useful tips to help smaller enterprises prepare: "On corporation tax rate, if there is more than one company in a group, it is advisable to review transfer pricing policies between the group companies to ensure that they are supportable."
With the July 31, 2006, issuance date of the revised section 482 regulations, calendar-year companies will have barely five months to read and understand nearly 200 pages of regulations, analyze how those regulations may affect intercompany relationships, conduct transfer pricing studies to determine what useful information about comparable third-party transactions may be available, and then apply that combined analysis to determine not only what transfer prices may be supportable on their returns, but also how any transfer pricing disputes are like to be ultimately resolved with the IRS.
One writer, in other words, says that the unity of Sacred Scripture is so complete that it all boils down to one Word (namely, Jesus), a fully supportable claim, and another writer confirms this by stating, "The books contain ...
While each manager's judgment may result in different but supportable views on valuation, using common guidelines consistent with GAAP should narrow the range of these numbers.
Finally, an example of a skill objective was to prepare and present statistical data in clear and concise ways to promote understanding and reasonable, supportable interpretations.
David Winston, NAMIC senior vice president for federal affairs, said the bill "is supportable because it requires notice to consumers only if it is determined that the breached information is reasonably likely to be misused.

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