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 The 5400 support level in the S & P 500 is noteworthy, too, for when it was first surmounted: June 12, the day of a softer-than-expected May CPI report, which first sent market pricing of a Fed rate cut by September 18 above 70%. —

Michael Santoli, CNBC, 14 Sep. 2024 The Transocean daily price chart looks like this: The oil and gas drilling company, headquartered in Switzerland, just took out the previous support level from February. —

John Navin, Forbes, 4 Sep. 2024 From a technical perspective, CMG has broken below its 200-day moving average at $54.50, which is a key technical support level. —

Tony Zhang, CNBC, 4 Sep. 2024 Uncertainties remain in key battleground states Harris is a few points shy of the 2020 support level from Latinos in battleground states that Biden had and support varies by state. —

Suzanne Gamboa, NBC News, 14 Aug. 2024 See all Example Sentences for support level

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'support level.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.