How to find automatic support and resistance levels?

How to find automatic support and resistance levels. Support and resistance levels keep on changing in case of dynamic support resistance. Hence you can you stock screeners to find support and resistance levels. One of the best stock market screener to find support and resistance levels is Intradayscreener.com.

What is support and resistance?

Support and resistance is the concept of specific levels in price, where demand and supply meet, creating a barrier to the up or downside that price struggles to get past. Support and resistance levels are determined by the surrounding price action or indicator levels, which are carefully guarded by market participants.

Is $2,000 a support or resistance level?

While , rates such as $2,000 for the can be considered a support or resistance level. As the name suggests, these are support and resistance levels that change as the price and time change. These levels imply that prices are subject to new forces of demand and supply.

What is a resistance level?

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises due to an increase in selling interest. Again, this means that the price is more likely to "bounce" off this level rather than break through it.