technical rally

Technical rally

Short rise in securities or commodities futures prices in the face of a general declining trend. Such a rally may result because investors are bargain hunting or because analysts have noticed a particular support level at which securities usually bounce up. Antithesis of correction.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Technical Rally

An increase in a security's price following a downward trend. It is important to note that a technical rally is caused by technical factors, rather than by any fundamental changes to the security. For example, an increase in price resulting from investors' needs to buy the security to return shares sold on margin is a technical rally. An actual change to the security's value, such as the announcement of stronger-than-usual sales, may result in an increase in the share price, but this is not considered a technical rally.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

technical rally

A temporary rise in a security price or in the general market during a downward trend. Technical rallies are considered interruptions to a general trend.
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.
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This is a technical rally," Talal Tabba, co-founder and chief operations officer at Jibrel Network, told Gulf News.
We might have a technical rally as bargain-hunters come in, but weakness will continue for a while,' said Manuel Lisbona, president of PNB Securities.
The rise extended gains from a technical rally last week and came on the back of nascent optimism over an informal September meeting of the Organization of the Petroleum Exporting Countries (OPEC).
After a brief technical rally Wednesday, oil prices resumed their slide on European markets Thursday, driven by the combination of excessive production and flagging demand.
In a statement, Total said the unique challenges, high ambient temperatures and a tight technical rally route add excitement to the high calibre of Namibian rally championship competitors.
"It's a compact and technical rally which will require good skills in tackling the challenges, not just pure speed, and we stand a good chance of taking a win."
stocks set to rally and a drop in buying pressure on the Bund, the equity rebound started last week could become a technical rally, and the target becomes the 50 percent retracement of the mid-March to early-June slump," Aurel BGC chartist Gerard Sagnier said.
The Tokyo market rebounded at the outset on a technical rally and after U.S.
'It means a lot as the Ford Focus was very fast on this technical rally.
A slight technical rally then followed but further losses cannot yet be ruled out.
Singapore's Straits Times Index shed 2.6% in thin trading after enjoying a technical rally last week.
The Tokyo market advanced at the outset on a technical rally, lifted also by a small rise in U.S.

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