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

Also, a two-person startup will lack the support level of these bigger companies to get a product in front of customers and negotiate contracts.

From MarketWatch

She highlighted $60,000 as a strong psychological and technical support level.

From MarketWatch

Now that the Magnificent Seven has definitively weakened and violated a key support level, the next question is whether the decline can be halted at its 200-day moving average.

From MarketWatch

The result of recent trading left Tesla stock trading near support levels on Friday.

From Barron's

Tesla shares are trading near a $415 support level, which has historically prevented further declines since last September.

From Barron's