support level
noun
Simple meaning
A price level where the price tends to find support as it is going down.
Pronunciation
Say it like this:
suhpawrtluhvuhlSay the bold part a little louder.
IPA pronunciation (US)
səˈpɔɹtlɛvəl
This word is pronounced essentially the same in American and British English, so one transcription covers both.
IPA (International Phonetic Alphabet) is a standard way of writing speech sounds.
Definition
Everyday modern meanings first, grouped by part of speech.
noun
In technical analysis, a price level where the price tends to find support as it is going down, so it is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.
Word Aura™
How this word commonly comes across.
Aura for this meaning
This meaning: In technical analysis, a price level where the price tends to find support as it is going down, so it is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.
Used this way, support level is a specialist word that usually carries little praise or criticism of its own. It turns up most in technical or specialist writing contexts.
- Emotional tone
- Neutral
- Formality
- Specialist/technical
- Intensity
- Not strongly marked
- How common
- Specialized
- Connotation
- Clinical and technical
- Usage feel
- Technical and specialized
Where it naturally appears
- Technical/specialist writing
Usage note
In general conversation this sense usually needs explaining — outside its field, people reach for a plainer word.
Word Aura describes common impressions, not a measurement. Tone changes with sentence, speaker, relationship and situation.
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