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support level

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.
Also called support, support area, support zone.
Compare resistance level.
Origin
1950-1955
1950-55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for support level
  • The support level will not be recorded in the plan until the rate calculator is completed.
  • These purchases help maintain market prices at the legislated support level.

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