support level
/səˈpɔːrt ˌlɛvəl/
a price point where buying interest is strong enough to prevent further decline
support level in a sentence
“The stock bounced repeatedly off the $50 support level before finally breaking through.”
Origin of support level
Latin supportare to carry from below + level from Latin libella balance
Related Words
resistance level
a price point where selling pressure is strong enough to prevent further advance
moving average
a calculation that smooths price data by creating a constantly updated average price over a defined period
candlestick
a chart element showing the open, close, high, and low prices for a period, resembling a candle
breakout
when a price moves above a resistance level or below a support level with increased volume
dead cat bounce
a temporary recovery in a declining asset's price, followed by a continuation of the downtrend
head and shoulders
a chart pattern with three peaks — a higher middle peak flanked by two lower ones — signaling a trend reversal