Resistance

(redirected from underground)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to underground: Underground hip hop

Resistance

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).

resistance

An increased supply of a security. Compare support.

Resistance.

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.

References in periodicals archive ?
Cost figures of previous EEI underground studies have been frequently used by various organizations--often out of context to emphasize the greater cost of underground construction compared to overhead construction.
Some of these would have improved ventilation in underground mines, others would have deepened investigations of mining accidents, and still others would have required inflammable conveyor belts and more extensive training for miners.
The Freedom Center is also supposed to serve as a threshold to other Underground Railroad sites across the nation that museum visitors may wish to visit.
After the Greenwich Village blast, Boudin and fellow "Weatherman" Cathy Wilkerson fled the building and went underground.
Porn is a place where the line between the legitimate and underground economies grows especially blurry.
Pick up the new Sunspot, underground shit Underground shit is talong over 'cause these motherfuckers are really rippin' it instead of just talking a bunch of bullshit that fools ain't ever gonna do.
An underground mine is a unique, complicated, and potentially hazardous environment for the worker.
In January, 1997, Cardinal Kung Foundation released to the news media an internal document of the Chinese government detailing procedures to eradicate the underground Catholic Church, including the use of "resolute, decisive and organized measures.
For instance, Maine passed a law to regulate all underground petroleum storage tanks regardless of their size or use.
The line will also have wider benefits for Londoners, bringing the Underground to areas of the city that previously lacked an efficient metro link, such as North Greenwich and Bermondsey.
Here, a collection of independent entrepreneurs created underground drug distribution networks serving customers from throughout the city.
More recently, the IRS issued an "IRS Coordinated Issue Paper on Petroleum Industry Replacement of Underground Storage Tanks at Retail Gas Stations" (CIP), clarifying its position on several issues related to how the retail gasoline station industry should handle costs associated with underground storage tanks.

Full browser ?