Definitions for support level
sup·port lev·el

Princeton's WordNetRate this definition:0.0 / 0 votes

1. support levelnoun

   (stock market) the price at which a certain security becomes attractive to investors

WikipediaRate this definition:0.0 / 0 votes

1. support level

   In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level.

ChatGPTRate this definition:0.0 / 0 votes

1. support level

   Support level is a concept used in technical analysis in finance which indicates a specific price level that a financial instrument, like a stock, cryptocurrency, or index, reaches but rarely falls below, due to market demand. It is a term that traders use to describe a situation where the price tends to stop falling, usually followed by a rebound. This term creates a potential buying opportunity for investors since they perceive the asset as 'cheap' once it hits this level.

Matched Categories

1. • Price
   • Stock Market

How to pronounce support level?

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How to say support level in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of support level in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of support level in Pythagorean Numerology is: 1

Examples of support level in a Sentence

1. Zhou Lin:

   Defending that psychological support level is difficult, and meaningless, investors see no good reason to buy stocks now - the yuan is depreciating, the U.S. is raising rates, and the economy is deteriorating.

2. Elvis Picardo:

   The question is, what does this relentless decline in crude oil tell us about the state of the global economy? The impact on oil-exporting countries such as Canada is quite substantial, it's a case where oil is breaking through one downside support level after another. At this point, it's 'sell the energy producers first and worry about the implications later'.

3. Ken Hasegawa:

   Oil prices may soften if there is an increase in stocks in the U.S. - we can expect a continued increase of inventories, brent and WTI continue to trend sideways, with WTI facing more volatility. Brent has been descending for the past few days and we believe that it is hovering near a support level.

4. Gavin Parry:

   The Japan Post IPO has performed as well as expected this morning and on top of that we've seen a real sentiment boost based on the monster rally in the U.S., some really nice corporate earnings have also helped us push through that 19,000-point resistance level, so the question now is whether we can reach the point where that becomes the support level.

5. Jim Ritterbusch:

   U.S. businesses affected by the increased tariffs will be making decisions regarding purchases, inventories, etc., that are apt to force some downshifts in the U.S. economic growth path that could have implications for U.S. oil demand, a decline below our expected next support level of $56 (for WTI) will likely associate with a further plunge in equities that would be heavily related to unresolved trade issues between the U.S. and China ... volatility across all markets will be heightened until some significant trade progress is seen.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=support level
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Support_Level
3. ^ ChatGPT
   https://chat.openai.com