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Finance Dictionary and Glossary of Investment Terms
technical rally
Definition 1.
Upward price movement powered by forces related only to the price movement of a particular security or market in contrast to external economic forces or fundamental factors affecting a company's business operations. opposite of technical decline.
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Definition 2.
Short rise in securities or commodities futures prices in the face of a general declining trend. Such a rally may result because investors are bargain hunting or because analysts have noticed a particular support level at which securities usually bounce up. Antithesis of correction.
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Definition 3.
An upward movement in a security's price following a declining trend. The movement is caused by technical as opposed to fundamental factors affecting sentiment.
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