Question: What is meant by a support level for a stock or a market average? When might a support level exist?

What is meant by a support level for a stock or a market average? When might a support level exist?

Step by Step Solution

★★★★★

3.39 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A support level represents the lower end of a stocks norma... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

538-B-A-I (6810).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

In examining Figure 97 page 220, if the next price movement is to 34, will a shift to a new column be indicated? (Assume the current price is 36.)

Q:

Categorize the following as either contrary opinion or smart money indicators (as viewed by technicians): a. Short sales by specialists. b. Odd-lot positions. c. Short sales positions. d. Barrons...

Q:

What is an agency issue? Are they direct obligations of the U.S. Treasury?

Q:

What do the Bollinger Bands measure? O The growth of the S&P 500 o Investor sentiment O Volatility The rate of inflation What is a moving average? A line on a chart that smoothes out the recent price...

Q:

Anyone got complete answers to this quiz? 1. 5a_39 In technical analysis, what is a support level for a stock? A. Demand exceeds supply. B. Supply exceeds demand. C. Volume sold equals volume...

Q:

A. Fundamental Analysis 1. Find latest information on EPS and PE of AAPL and MSFT. Which stock is cheaper? 2. If the typical PE for a big cap stock is 20, are AAPL and MSFT more expensive? Why market...

Q:

4 points QUESTION 2 Question 2: A decline in market risk taking giving rise to a higher cost of equity a. starts at the same point on the security market line but rises more sharply. b. starts at the...

Q:

QUESTION 1 Question 1: A company has the following statistics under 3 states of nature. What is its annual expected return? Economic Conditions Probability Rates of Return Strong 40% +25% Weak 30%...

Q:

You will study candle charts of AAPL and MSFT from 1/1/2021 to 2/18/2022. a. Using RSI (5 pt) - Find a day when each stock is oversold (.e. RSI = 70). If you sell at market close on that day, what is...

Q:

You will study candle charts of AAPL and MSFT from 1/1/2021 to 2/18/2022. Using RSI b. Finding support and resistance (5 pt) - Find a support level for each stock and a resistance level next to that....

Q:

Write a paper on Scientific inquiry experiment Allelopathy: effects of volatiles from crushed plant materials on seed germination and growth. Must include 2 sentences of an intro Couple of sentences...

Q:

Listen You are evaluating a 4-year project, and its cash flows are-65000, 18000, 24000, 26000, 25000 for years 0 to 4, respectively. What is the project's payback period? 2.55 2.88 3.12 3.4 3.57 3.76

Q:

In Problems 9.18, 9.19, and 9.20, what is your statistical decision if the alternative hypothesis, H1, is m 50?

Q:

P2-12. In light of the aggressive responses of Electrolux and Bosch Siemens Hausgerte, should Whirlpool revise or abandon its European strategy?

Q:

Master Fab Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $115,000 with a $10,000 residual value and a 10-year life. The equipment will...

Q:

Pocket Pilot Inc. is considering an investment in new equipment that will be used to manufacture a mobile communications device. The device is expected to generate additional annual sales of 6,000...

Q:

Out of Eden, Inc. is planning to invest in new manufacturing equipment to make a new garden tool. The new garden tool is expected to generate additional annual sales of 9,000 units at $42 each. The...

Q:

PLEASER HELPPP MEEE Dollar cost averaging is a strategy where you purchase in an asset at ________. This strategy helps you to avoid trying to time the market and allows you to buy more shares when...

Q:

To compensate for the effects of inflation during their retirement years, the Pelyks intend to purchase a combination of annuities that will provide the following pattern of month-end income:...

Q:

Merger Bid Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. Vandell's debt interest...