retracement

Noun

Meaning

retracement (countable and uncountable, plural retracements)

(finance) A reversal in the trend of the price of a stock or commodity.

Synonyms

Phrases with the word

Examples

Follow-through selling the following day took it a little below CAD1.3270, almost meeting the (38.2%) retracement objective of the September rally and near the 20-day moving average. Source: Internet

Also, the price has moved above the important level of ₹700 — the 61.8 per cent Fibonacci retracement level — and above both the 21- and 50-day moving averages, potentially turning the medium-term trend bullish. Source: Internet

But gold has now rebounded above $2000 and crossed the 61.8% retracement of the intraday drop. Source: Internet

In between sits the 38.2% retracement of the move up from the July 30 low to the high reached on Friday's trade at 75.815. Source: Internet

In our opinion, the pullback over the past three weeks has taken the S&P down to what we would consider a minimum retracement of its rally from March’s bear market low. Source: Internet

It began the week near $1.1615 and traded near its 20-day moving average (~$1.1770) and met the 38.2% retracement objective of the pullback that began on September 1 from around $1.20. Source: Internet

Close letter words and terms