support level

noun

: a price level on a declining market at which a security resists further decline due to increased attractiveness to traders and investors

called also support area

Examples of support level in a Sentence

Recent Examples on the Web

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Constellation Brands buy levels: $230, $210 The Mexican beer powerhouse on Nov. 26 successfully tested $230 per share, a key technical support level for the past two years. —

Zev Fima, CNBC, 5 Dec. 2024 The trade To capitalize on NVIDIA’s strong fundamentals and technical support levels, consider buying a Jan 17, 2025, $136/$156 call vertical @ $6.68 Debit. —

CNBC, 27 Nov. 2024 What surprised us, however, was that support levels dropped a bit when respondents received the information that undergrounding brings climate co-benefits. —

Nives Dolsak and Aseem Prakash, Forbes, 20 Oct. 2024 The stock this week broke below the late April/early May support level and kept going lower. —

John Navin, Forbes, 23 Oct. 2024 See all Example Sentences for support level

Word History

First Known Use

1906, in the meaning defined above

Time Traveler

The first known use of support level was in 1906

See more words from the same year

Cite this Entry

Style

“Support level.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/support%20level. Accessed 21 Dec. 2024.

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