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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.

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5 RWE AG Threats 74 7 Europe Underground Gas Storage Industry, Deals Landscape 76 7.
The Edison Electric Institute (EEI), an association of shareholder-owned electric companies, conducts an ongoing study and gathers data about "undergrounding," replacing overhead power cable with underground cable.
When he tried to impose new limits on coal dust in underground mines and take control of the industry-run dust-sampling program, the United Mine Workers--usually his ally--blocked the measures as inadequate.
Ten per cent of the milled tonnage comes from Hoyle Pond, five per cent from the Dome underground, and the remainder comes from the Pamour open pit and the stockpile at the Dome open pit.
The whey, a mixture of lactose and protein, is eaten by microorganisms naturally present underground.
Most scholars agree that as many as 40 percent of all fugitive slaves escaping enslavement crossed the Ohio River, making Cincinnati the gateway to more than 500 Underground Railroad routes that cut through Ohio-one of the most traveled states in the nation.
Also, later underground blasts nearby jostled the rocks and triggered subsidence.
But the bomb detonated prematurely at the Greenwich Village apartment being used as a Weather Underground safe house, killing three members of the terrorist cell.
Schneider estimates the underground economy is 27 percent of the GDP in Italy; Russia, 45 percent; Bolivia, 65 percent; and Nigeria, 76 percent.
If you're tight and if you know somebody's tight--all you underground emcees--hopefully you're gonna get sown with 'em.
mined uranium collapsed, there has been little mining activity in underground or surface operations.
In May, 1999, an underground Catholic seminarian, Wan Qing, was arrested, tortured, and hung for three days by his hands with his toes barely touching the ground.

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