📏 Price Levels: support, resistance and where the price sits right now

In a nutshell

For each of roughly 17,800 stocks, QMA computes so-called price levels — supports (S1–S3), resistances (R1–R3), a pivot, and range-position (where within its range the price currently sits). You'll find them on the stock detail page in the "Price Levels" card. They are zones of interest for context, not buy or sell signals.

🔰 Super simple

Picture a stock's price as a ball bouncing inside a room. The floor is support — a level where the price has repeatedly "bounced" back up in the past. The ceiling is resistance — a level where the price has repeatedly hit and pulled back down.

These levels aren't magic lines the price must obey. They're simply places where something happened in history — where buyers and sellers fought it out. QMA calculates and displays them for you, so you don't have to draw lines on the chart by hand.

Support = an area where the price often stopped falling in the past.

Resistance = an area where the price often stopped rising in the past.

How it works

From price history, QMA derives several levels:

• Pivot — a kind of "center of gravity" derived from the previous trading range (typically from high, low and close). It serves as an orientation midpoint.
• Support S1, S2, S3 — three progressively lower levels below the current price where buyer interest historically appeared.
• Resistance R1, R2, R3 — three progressively higher levels above the current price where selling pressure historically built up.
• Range-position — a number (roughly 0–100%) that tells you where within its range the price currently is. Near 0% = near the bottom edge of the range, near 100% = near the top edge.
• Nearest level — QMA shows you directly which level (support or resistance) is closest to the current price, and how far away it is.

🎯 For advanced readers

Range-position is a useful contextual metric: a stock near 95% of its range is in a different situation than one near 10%. By itself this is neither bullish nor bearish — it merely describes where the price sits.

"Nearest level" is purely a descriptive distance: it expresses how close the price is to the nearest computed zone. You can combine it with the other data on the stock detail page (the 5 super-pillars, volume profile, the TSS technical score) for fuller context — QMA does not interpret any of these as an instruction to act.

It's important to know these levels are static at the time of computation and are periodically recalculated as new data arrives. They are not live intraday tick-by-tick levels.

How to use it in QMA

1. Open the detail page of any stock (/stocks/[symbol]).
2. Find the "Price Levels" card.
3. Look at how close the current price is to the nearest support or resistance.
4. Check the range-position — is the price near the lower or the upper edge of its range?
5. Use it as one piece of context alongside the rest of the data, not as a standalone trigger.

💡 What this means for you

Instead of drawing lines on a chart by hand, you get levels computed automatically and consistently across the whole stock universe. You get a quick read on where the price stands relative to its historical zones — a useful framework for understanding the situation. The decision, however, always stays with you and your own process.

FAQ

Is support a "buy signal"?
No. It's a zone of interest — context, not an instruction. QMA gives no buy or sell advice.

Does the price have to bounce at support?
No. Levels are broken all the time. They describe history, they don't guarantee the future.

How often are they recalculated?
Periodically, as new price data arrives. They are not live tick-by-tick levels.

What does a range-position of 90% mean?
That the price is near the upper edge of its observed range. By itself, that's neither positive nor negative.

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Past performance ≠ future results. QMA is not a registered investment advisor.*