What is the best tool to determine support and resistance levels with the stock market

There are several tools and techniques that can be used to determine support and resistance levels in the stock market. Here are some of the best tools:

1. Pivot Points: Pivot points are a popular tool used by traders to identify support and resistance levels. These points are created by drawing a line between a high point and a low point in a price chart. The resulting line is called a pivot line, and it can be used to identify levels of supply and demand in the market.

2. Trendlines: Trendlines are another tool used to identify support and resistance levels. They are created by drawing a line between two or more data points on a price chart. Trendlines can be used to identify the overall direction of a trend, and they can also be used to identify potential levels of support and resistance.

3. Bollinger Bands: Bollinger Bands are a technical analysis tool that consists of an upper band, lower band, and a middle band (based on a moving average). They help to identify potential levels of support and resistance by showing the maximum and minimum price levels in a given period.

4. Moving Averages: Moving averages are a tool used to smooth out price fluctuations and identify trends. They can be used to identify support and resistance levels by showing the average price over a certain period. When the price of a stock approaches a moving average, it can provide insight into whether the price will continue its trend or reverse.

It's important to note that no single tool or technique can accurately predict support and resistance levels every time. It's a combination of using multiple tools and having a deep understanding of technical analysis that can help traders and investors make informed decisions.