resistance level

noun

Stock Exchange.

1. a point at which the rise in price of a specific stock is arrested due to more substantial selling than buying.

Example Sentences

All new buildings are now required to meet a basic earthquake resistance level that means they can withstand a certain level of shaking without major structural failures.

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"The yen will be particularly sensitive to hot U.S. data, especially if it causes Treasuries to blow through what's looking like a key resistance level of 5% or so," said Kyle Rodda, senior financial market analyst at Capital.com.

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Market positioning indicates the maximum pain level for the June 2023 options expiry for bitcoin is at around $24,000, which could act as a support or resistance level, according to analysts at Bitfinex.

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"It's possible that bitcoin could reach the next resistance level of $25,200 in the coming weeks," said Rachel Lin, CEO of exchange Synfutures.

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The Indian rupee firmed on Friday, as most Asian currencies gained against a weaker dollar, but the local currency stopped short of breaching a key resistance level.

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