Yesterday, I came across a post by QuantSeeker discussing the significance of order clustering around whole dollar levels and its impact on price patterns. The premise is straightforward: does a stock closing slightly above a whole dollar level exhibit a higher expected return

Thanks for sharing my findings! Any comments are welcome!

Do stock prices behave weirdly around "round numbers"? Are technical analysis things like "support" and "resistance" real? This cool paper says yes: stocks priced just above round numbers, like $6.1, tend to go up; stocks just below round numbers, like $5.9, tend to go down!