Scan Stocks

return on equity

This scanner will pull up stocks that are hitting a new intra-day high/low on high relative volume. Or if you have a broad range of investments you can easily go through all of them and see which ones are expected to do nothing for the time being. This can be checked on all desired time frames including custom ones of your preference.


Using a simulated trading platform, you can learn how to trade and invest without risking actual money. Other features include “Fundamental Charting.” An algorithm analyzes fundamental factors from the income statement, balance sheet, and cash flow statements to determine a “Main Street” price per share. It then compares the Main Street price to the actual price and creates a chart showing you whether the stock is oversold , overbought , or if it might be best to hold.

The downside is that scanning is a resource hog when housed on your own system. Therefore, some traders will only run the scans manually or limit the sample size of the scans to specific lists of types of stocks. Among the things we loved were the wealth of screening options for free users, including some interesting technical screens and even extended-hours (pre-market and post-market) screens. But TradingView also stood out for the other goodies that come with it, including an intuitive charting system with a host of tools that are useful for traders of all experience levels. Other Benzinga Pro features, depending on the plan, include stock signals, a community chat, even trading mentorship and education from a leading options trader. Ideas include premarket movers, gaps, low-float stocks, stocks with high relative trading volume, and more.

A stock screener can sift through the thousands of stocks in the U.S. or the tens of thousands listed worldwide. It can identify those that meet your specific criteria and suit your investment strategy in a matter of seconds. The more you work with a stock screener, the better you become at narrowing down your choices to the best investment opportunities for you. traders want to make the most of their money in the shortest amount of time. As opposed to swing trading, day traders expect to earn a decent percentage of their portfolio by buying and selling during the day. So based on his investing approach, Warren Buffett can look at a company’s financial statements and use quantitative factors to narrow down his universe of stocks. Even the best stock screener apps only let you filter stocks based on the measurable, quantitative factors that affect a stock’s long-term value. Char Technologies Ltd. looks promising from a technical analysis perspective as the TSX-Venture listed stock displayed what technicians call a Golden Cross (50 DMA / 200 DMA) on Tuesday.

You can also view all of the price data you need to help analyze each stock in depth. The abnormal volume scan allows investors to search for specific stocks that have recently traded substantially higher volumes than their 90 day average trading volume. This scan checks all stocks and calculates how their last trading day’s volume compares to the stock’s recent volume history and displays the stocks with the highest percentage deviation from the norm. Outside of the ability to pick stocks based on volume breakouts, investors are also able to filter results by exchange, price and volume. For more information on how abnormal volume is calculated as well as how to best use this scan, we encourage investors to read the page. Its ease of use masks the power and robustness of its screening, scanning, and filtering.

Ignore this criterion if you don’t mind low-priced stocks. To filter the stocks, add in a few criteria so that you know they are tradable. Looking at the one-month performance, Energy was the top performer at this time. Investopedia requires writers to use primary sources to support their work.

However, there is a learning curve to using this scanner proficiently; the trader will need good technical experience. Join Grayson Roze, VP of Operations at StockCharts, as he takes you on a tour of our scanning tools. He covers our predefined scans, the advanced scan workbench, and demonstrates how to run scans directly from ACP, our interactive Advanced Charting Platform. Create personal notification alerts using price, liquidity, and technical filters so you never miss a move on a stock you’re watching.

High of Day Momentum Scanner

Please read the Disclosure Statementprior to trading futures products. Add pattern filter add a scan criterion based on occurrence of selected classical patterns in the price action of a stock symbol. Pull up the Groups on Finviz or the Sector Summary on StockCharts, and if most sectors aren’t performing well recently, then you know conditions are not very good for swing trading on the long side. That one sector is where you may deploy a small amount of capital while mostly sitting on the sidelines. Click on the sector name to see all the stock charts within that sector.


Traders need to have a good solid understanding of what they are comfortable with to trade with confidence. Once you have the setup down, you will want to find the best scanner or screener to find stocks. Once you have those situated, you should be all set to start scanning.

Best Stock Research + Analysis Apps, Tools, And Software

Users can finetune their results by creating complex equations and combining multiple filters. Many popular subscription-based scanning services speed up the process by providing pre-selected scan criteria that crunches the numbers on their servers and simply streams the results online. While these can be customized, most users rely on the pre-set scans. If the distribution base of users is large enough, the results of the scans can generate much interest and have a self-fulfilling prophecy effect ensuring a swarming of trades on the most popular scan set-ups.

When day traders scan for stocks, they operate under different requirements; since day traders have to work fast, they tend to focus on liquid stocks. One approach day traders scan for setups is using a 15-minute squeeze or voodoo lines in the trend of your target. Stock Screeners are mainly used for analytical purposes, as they generally focus on stocks that traders wouldn’t see on a chart.

TradingView is one of a handful of valuable charting and screening platforms for both fundamental and technical analysis-driven stock traders on this list. In fact, on several fronts, it’s the best stock screener we reviewed. Your brokerage account or trading platform likely comes with a decent stock screener or scanner. But dedicated stock screening software can be far more robust, examining stock characteristics that a basic stock screener or scanner just can’t provide.

  • They often miss the context that impacts the effectiveness of the pattern during scans.
  • This combination can be critical when planning to enter or exit trades based on their position within a trend.
  • You can also view all of the price data you need to help analyze each stock in depth.
  • However, screening for stocks that have good numbers is always a great first step for uncovering new investing opportunities.
  • Note that even though each filter may display a certain number of matches in pre-scan, the actual scan may return no results, as the stock needs to match all the specified criteria.
  • Voodoo Mastery Program, and learn from the pros who are the masters of their trade.

Instead of hitting the « Run Scan » button on the Advanced Scan Workbench, look for the « Save As » button above the Scan Editor panel . You’ll be prompted to save the scan with whatever name you’d like. If you like the « New 52-Week Highs » scan, you can easily save it in your account.

Please note that the scanning system is only compatible with recent and up-to-date mobile devices. It is a functionality dedicated to mobile / tablet use, and which offers the possibility of managing its stock in complete mobility and in the desired order or which arises during reception or an inventory. Information is provided ‘as-is’ and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data. After all, Warren’s philosophy is to invest in exceptional companies at a fair price, not at any price. All of these are numbers that appear in financial statements, where Warren Buffett mines for companies that have that golden durable competitive advantage.

Custom Study Filter

In keeping with the meme stock examples above, let’s use our TradingSim scanner and see how we could have narrowed our results to include these big days. Quantitative analysis can help you understand the fundamental economics of a company’s business. As Warren Buffett would say, « accounting is the language of business. » Benzinga Pro is a financial news and research platform developed in and delivered from Benzinga’s headquarters in Detroit, Michigan. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.


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. Other scanners can work directly with indicators built within the software; Indicators, such as moving averages, oscillators, relative strength index , and trending indicators like DMI and ADX. Luckily for traders, it’s more science than art, and you don’t have to look at each company one by one to find good trades.

Stock Market Scanners

Our power-packed Level 2 includes features not found anywhere else such as our MM Activity Log!

How To Use Stock Scanners to Find Hot Stocks

I have scanners looking for reversal opportunities and I have scanners looking for momentum trades. Day trading is a difficult career that we can make a little easier by using the best tools. That’s why I and my team built the Warrior Trading Stock Scanners with the same best practices and strategies which undergird our courses. Best of all, the scanners are included with Warrior Pro so our members don’t need to spend time and money finding the right scanning software.

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