How To Scan For Stocks


Either approach is fine, it is just a matter of personal preference. With this method, the stocks you trade will likely change daily. You’ll need to pay for scanning software with this approach. I developed the “during the day scan”, discussed below, to find stocks that are moving a lot after the open. To a day trader, a big gap means nothing if you can’t trade it.


The New York Stock Exchange alone has 10 markets and more than 2,400 company stocks, and that’s not counting an additional 3,300 on the NASDAQ. You can connect directly to Trade Ideas’ Holly AI with an Interactive Brokers Brokerage Plus account, and Trade Ideas will trade stocks in your portfolio based on Holly’s analysis. If you can’t afford to upgrade to Finviz Elite, you can find great stocks with the free stock screener. This unique tool makes it easy to find suitable options trades just as easily as regular stocks. BlackBox Stocks’ options screener adds a valuable element to the usual stock screener functions.

Best for Day Trading

Becoming an experienced trader takes hard work, dedication and a significant amount of time. Most of these stocks will have some kind of news which is exactly what I am looking for; a stock with a news catalyst that is active in the premarket. You can access our custom news service directly from the Scanners to learn more about a stock’s catalyst. You can also do some research in the middle of the trading session to find the stocks that are moving the most that day. StocksToTrade in no way warrants the solvency, financial condition, or investment advisability ofany of the securities mentioned in communications or websites.

  • This scanner is how I build my watch list in the morning and I can’t stress enough how much time it has saved me.
  • So that way, you won’t get confused if you need a screener or a scanner.
  • This is because Current Volume is tracking the volume so far in the day, which is going to increase as the day goes on.
  • Let’s take a closer look at how to set up a new stock screener with Scanz.
  • Generally, you want to look for screeners that fit your needs and have the tools to boost your investment strategy.

Looks like it got a lucky break higher on news with a big gap up. Hard to predict when good overnight news is going to jump a stock 150% in a day. For example, if the S&P 500 is up 5% over the last 6 months, adjust the 6-month performance to 15% and up (slide the left slider button up to 15%). The Technical Breakout Setups and Momentum Squeeze Play Setups are where you will likely find cup and handle and continuation patterns. This same scanning process can also be used to find Triangle patterns and Double Consolidations patterns. Stock Rover was founded in 2008 by software engineers who have a passion for investing.

Finviz Pros

All but some of its more advanced features are available on the free plan. So it’s probably good advice to seek the guidance of a professional, unless you have access to a quality stock screener that can do the work for you. BlackBox Stocks makes it easy to follow other day traders with its integrated social follow features. The platform also has a sophisticated options screener built-in so it’s a great choice for options traders. Read our full Trade Ideas review to see if it’s the best stock screener for you. Serious fundamental and technical traders put a lot of work into finding the perfect trading formula.

yahoo finance

Based on this formula, stocks that return a value of 20 to 30 are very explosive and are usually best for swing trading, especially when they are liquid . Here’s how you can scan for the best undervalued stocks every day with Scanz. To get started, decide what types of equities you are looking for. You can select any combination of regular securities, ETFs, preferred shares, foreign stocks, and more.

I find almost every single trade setup on one of the stock scanners that I built with the team at Warrior Trading. I can’t speak highly enough about this tool, because without scanning software I would be lost as a trader. You can use screeners in different ways to find stocks that fit your trading needs. Scanning stocks can help identify suitable candidates for stocks. But, traders will need to know what type of setups they want to trade. Traders need to have a good solid understanding of what they are comfortable with to trade with confidence.

Yahoo Finance

BUT, there are INFINITE WAYS TO TRADE. By all means you should develop your own approach based on what you see and find. It will work ok, list of stocks will be just a bit bigger. If the list is really big, I will increase the criteria to reduce the number of stocks on the list.

StockFetcher supports more than 125 indicators from which users can build unique stock filters. The amount of data StockFetcher uses may feel overwhelming, but the site has a convenient User Guide front and center to help orient you. There are also several example filters if you need some inspiration before you create your own.

The idea is to limit stock selection to those that have higher odds of making an explosive run over a short period of time. Equities with readings around 40 are average, while above 60 is pretty slow. Here’s another example, from another day, taken just before noon EST. Notice how I have increased the current volume to over 500K because it is later in the day .


If that’s your trading style, you’ll need a top-level scanner. See why many of the best day traders use StocksToTrade every day with a 14-day trial for just $7. Intraday analysis can involve the analysis factors previously mentioned in this post. You can search for the biggest movers on the day, stocks breaking out to all-time-highs, stocks above the 50-period moving average … pretty much anything you can think of. In contrast to post-market analysis, intraday analysis looks at real-time action of stocks while the market’s open.

Sign up for Market Minutes to receive powerful market analysis, top trade ideas, & helpful blog updates. As indicated above, I don’t want super low-volume stocks. Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. We do not track the typical results of our past or current customers. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.

October is typically the most volatile month of the year for the stock market. Investors who want to protect themselves from volatile or down-trending markets should emphasize strong fundamental investments. When a company has a strong balance sheet, consistent earnings, and a relevant business model, then short-term volatility shouldn’t be as much of a concern. Should seek the advice of a qualified securities professional before making any investment,and investigate and fully understand any and all risks before investing. The stocks I’m watching in November aren’t outliers … The market has been in recovery mode since mid-October…. Screeners are mainly used for analytical purposes, as they generally focus on stocks that traders wouldn’t see on a chart. For example, they focus on the company’s sector, the price-to-earnings ratio (P/E Ratio), dividends, and the average analyst opinions. Screeners contain some measures, such as volume and price, which appear on a chart, but they give the trader basic information. This is a home study course that teaches you how to trade stocks from full-time swing trader Kevin Brown. Definitely one of the best swing trading eBooks that you can buy.

At any given time, only a fraction of those stocks can offer real trading opportunities, and they can often be in related sectors or areas of the market. Stock screeners were developed when the internet was in its infancy. They were websites where you’d log in each evening and scan for basic criteria such as a stock being above a moving average. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets.

During which months are stocks most volatile?

Using scanners I can choose the specific type of stocks I want to see. I can make complex scanners to look for specific chart patterns or I can use simple scanners to look for broad matches such as stocks that just reported earnings in the last 24hrs. We can’t possibly list all the features and benefits here … there’s just not enough time or space.

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But even if you’re not an intraday trader, say you swing or position trades for the longer term, you can still use intraday alerts. Once you get your list of stocks, you can then focus on research to narrow down to the juiciest opportunities. You’ll pay thousands of dollars or more up front for some scanning software. Some scanners work with custom indicators which work well with Simpler Trading’s proprietary tools like the Squeeze Pro, and Ready.Aim.Fire! See my list of the top technical analysis books that I think every trader should own. I then flip through the charts of the stocks on the list.

The free version offers enough tools to conduct thorough and informed filtering of stocks, which is why we picked Zacks as the best free option for a stock screener. The Gold plan provides full access to the EasyScan screener, including a simple step-by-step wizard for creating conditions. Users can jump from chart drawing tools into sortable watchlists that can set up to 100 alerts with simultaneous tracking. Here are some of the best free stock screeners available. Most don’t require creating an account, though some, like Morningstar and Finviz, do. Stock Rover’s free stock screener allows you to get a feel for the platform and access some basic features, but you’ll need to upgrade to premium to unlock its full potential.

Scanz is one of the best stock screeners for penny stocks because it can scan OTC markets with a $15 per month add-on. This stock screener has all the features you would expect from a top-tier scanner, including automatic market movers, real-time price quotes, volume ratio scanners, and much more. You will find preset screens that search for value stocks, growth stocks, stocks of small companies or large companies and out-of-favor stocks. For example, if you want to search for stocks that currently have a low price-to-earning ratio, a preset screen may offer you a list of these.

The entry-level Silver plan costs $9.99 per, providing users with the opportunity to begin testing the EasyScan stock screener’s capabilities. But you can unleash its real power with the Gold and Platinum plans for $29.99 and $89.98 per month, respectively. Individual investors are often advised to leave stock picking to the professionals. They have the resources and a deep bench of analysts to help them search the vast universe of stocks and sort through mountains of data.

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