Sentences with phrase «overhead resistance»
"overhead resistance" refers to a situation in which the price of a stock or other financial asset is facing barriers or obstacles that prevent it from increasing further. It usually occurs when there are a significant number of sellers who are willing to sell the asset at a certain price, making it difficult for the price to rise above that level. This creates a sort of "ceiling" for the price, making it challenging for the asset to break through and continue its upward trend. Full definition
In short, there is currently a lot of overhead resistance.
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On broad indices, the general pattern resembles a narrowing wedge with a relatively flat overhead resistance area and increasingly shallow dips.
But if recent history plays out again, that stiff overhead resistance will again check the rally... Stay tuned!
Bulls will have to take out strong overhead resistance at the contract high of 2,126.25 to gain fresh power, to then suggest a new and large leg up in prices in the coming weeks.
On the weekly chart of the long - term bond ETF below, notice that $ TLT is running into overhead resistance of its 40 - week moving average.
As such, $ GLD will need to deal with overhead resistance around the $ 127 - $ 128 area on its next rally attempt (the 20 - month downtrend line also converges near this level).
The coin faces strong overhead resistance up until $ 13.50 with support found near $ 9.
This is because several of the major indices are now running into new overhead resistance of their 20 and 50 - day moving averages (remember that a prior level -LSB-...]
Whenever a market is trying to form a significant bottom, but has a plethora of overhead resistance levels, it is common for there to be at least one shakeout that tests or «undercuts» the prior low (from November 16), before the index can reset itself and start heading back up.
As the charts above illustrate, both the Nasdaq and the S&P 500 still face formidable overhead resistance and price supply to contend with.
Above this mark, the Nasdaq has significant overhead resistance near 2,980 and 3,085.
Labeled as «ideal short zone» on the chart above, notice how the 20 - day exponential moving average and 50 - day moving average have converged to form major overhead resistance.
We may have a bit of good news on the dollar front, however, as it's right now coming into technical overhead resistance based on a long - term trendline.
Nevertheless, the stock still must contend with an abundance of overhead resistance because it is merely bouncing off support of its (downward sloping) 50 - day moving average and prior downtrend line.
The decline also caused an ugly, wide - ranged bar to form on the weekly chart, which should now act as overhead resistance (see horizontal line on the chart below).
For a bullish breakout, the price would need to get above to two key overhead resistance levels at $ 438 and $ 455.
At the same time, the cryptocurrency has a slew of overhead resistances between $ 168 and $ 185.
Yesterday, January 28, Bitcoin Cash broke out of the small overhead resistance at $ 1,700, but could not continue to build on the gain.
Early in May, as the 2 - 10 year T - note spread widened to 106 basis points, both ETFs pushed upward to test overhead resistance, only to be followed by a carom shot to support below.
Figure 2 — XLE Monthly with overhead resistance (Courtesy ProfitSource by HUBB)
The market is in a fairly well - defined trading range, with the support for the S&P 500 sitting down at 2,600 and overhead resistance at 2,700.
The coin still faces strong overhead resistance, even after breaking out of both the short - and long - term downtrends, but the long - term prospects of ETC are much better now.
«This rebound took a lot of pressure off of BTC owners, but we will start running into overhead resistance,» Jani Ziedins of Cracked.Market meanwhile said in a research note quoted by MarketWatch.
In the process of doing so, the 40 - week moving average subsequently transforms from a paramount support level to a major area of overhead resistance that is tough to push through (especially when the 10 - week moving average begins to roll over as well).
The stock is currently forming a tight bullish base near its all - time high, which means there is no overhead resistance to contend with.
We also see that the current base has formed just below the prior high of 2011, so a breakout above the current range should propel the action to new highs, with no overhead resistance.
The Nasdaq may need a bit more time to consolidate, as there is quite a bit of overhead resistance.
Now, if $ CBM moves above yesterday's high of $ 11.57 within the next day or two, there will be a complete lack of overhead resistance and supply, which could lead to a sharp, momentum driven surge higher in the near - term.
The stock broke out of the overhead resistance on August 15.
The stock broke out of the overhead resistance of $ 58.95 on October 06.
However, the bulls provided support at the $ 176 levels and the stock broke out of the overhead resistance on Friday.
Therefore, we need to wait for a breakout and close above the overhead resistance before initiating any trade.
It is trading near an all - time high, meaning there is no overhead resistance:
As explained in our strategy and rules for swing trading, stocks and ETFs trading at or near their 52 - week highs have the least amount of overhead resistance, and therefore have the greatest ability to move sharply higher with the least amount of effort.
The combination of the bearish volume patterns in the NASDAQ and an abundance of overhead resistance (such as the 50 - day moving average), leads me to believe the next move in the stock market will be lower.
It is trading near an all - time high, meaning there is no overhead resistance:
If a stock is at all time highs and has no overhead resistance and the trend of the underlying sector is up this increases your odds for potentially strong and explosive moves.
Yesterday, March 11, prices broke out of the $ 1,150 overhead resistance, but the bulls have failed to build on this move.
The cryptocurrency will change its trend only on a breakout above the downtrend line and the overhead resistance at $ 60.
On the other hand, if the digital currency is unable to breakout of the overhead resistance, it can fall to $ 240 levels, which is a significant support.
On the other hand, if Bitcoin fails to breakout of the overhead resistance, it will retrace the recent bounce from the lows and is likely to fall to $ 3,500 levels.
Bitcoin Cash broke out of the descending channel and rallied close to the overhead resistance of $ 736, according to our expectation.
Though the bulls have managed to keep the digital currency within the ascending channel, and they have not been able to breakout of the overhead resistance.
However, considering the overhead resistances, we recommend booking profits on 50 % of the existing long positions and holding the rest with a stop loss of $ 0.23500.
We had recommended buying Bitcoin Cash on a breakout above the range, however, the bulls could not push prices above the 20 - day EMA and the overhead resistance.
We had expected range - bound trading in IOTA unless it broke out and closed above the overhead resistance.
The pullback can lift the BTC / USD pair to the overhead resistance of about $ 10,700.
PriceThough we expect the rally to stall for a short while at the overhead resistance, the trend will remain up as long as Ethereum remains above the trendline.
From here on, if Bitcoin prices fail to sustain above the overhead resistance zone of $ 7900, the cryptocurrency can easily fall to the February 06 lows of $ 6,075.04.