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

If stocks sink on Thursday, the S&P 500 could break through the critical support level.

From MarketWatch

“With oil prices spiking and equities testing key support levels, traders are bracing for further risk-off moves,” the senior market analyst added.

From The Wall Street Journal

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