support level

American  

noun

Stock Exchange.

1. a minimum price below which a specific stock is not supposed to fall, as because of the stock's inherent worth.

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Etymology

Origin of support level

First recorded in 1950–55

Example Sentences

After sliding to its lowest level since 2022, the greenback lately has been clinging to a critical support level dating back to 2008.

From MarketWatch

One major trick: They know exactly where retail traders place stops — at round numbers such as $90.00 and at obvious support levels like moving averages.

From MarketWatch

As long as the trend remains intact and key support levels hold, Moderna is signaling that momentum favors continuation, making strength something to respect, not fade.

From Barron's

As long as key support levels hold, the path of least resistance points higher.

From Barron's

For the past two weeks, markets have experienced some pullbacks after becoming slightly overbought, but key support levels have largely held.

From MarketWatch