Best Screeners for traders

Stock screeners are essential resources that help traders filter through the vast sea of stocks to identify potential investments. In this article, we’ll delve into the features and benefits of some of the best stock screeners available for traders.

Summary 

• TradingView offers advanced charting and customizable screeners.
• Seeking Alpha provides comprehensive financial news and dividend-focused insights.
• Stock Rover allows fundamental analysis and portfolio tracking.
• Finviz offers up-to-the-minute market data and interactive charts.
• Zacks Investment Research provides predefined screens and access to earnings reports.
• MoneyControl focuses on the Indian stock market with news and technical analysis.
• Tickertape offers financial data, user-friendly screeners, and stock reports.
• Google Finance provides a user-friendly interface with real-time market data.
• CapitalCube offers in-depth financial analytics, risk assessment, and customized reports.
• Benzinga Pro delivers real-time breaking news, expert opinions, and options trading monitoring.

What are screeners in trading?

Screeners in trading help investors filter and narrow down stocks based on specific criteria such as price, volume, market capitalization, and more. They assist in identifying potential investment opportunities that meet predefined conditions.

Different Types of Stock Screeners 

• Technical Stock Screeners: These screeners allow investors to filter stocks based on technical criteria such as moving averages, RSI, MACD, and Bollinger Bands.
• Fundamental Stock Screeners: These screeners allow investors to filter stocks based on fundamental criteria such as P/E ratio, market capitalization, dividend yield, etc.
• Quantitative Stock Screeners: These screeners allow investors to filter stocks based on quantitative criteria such as revenue growth, earnings growth, and other financial metrics.
• Descriptive Stock Screeners: These screeners allow investors to filter stocks based on descriptive criteria such as sector, industry, and market cap.
• Scanner Stock Screeners: These screeners allow investors to scan the market for specific stocks that meet certain criteria in real time.
• Backtesting Stock Screeners: These screeners allow investors to check their trading strategies using historical data to evaluate their performance.

Some stock screeners may offer a combination of these different types of screeners to provide a more comprehensive set of features and technical indicators.

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Best Stock screeners for day traders

TradingView

• With TradingView, you can access Advanced charting and visualize stock trends with powerful charting tools.
• TradingView’s stock screener has a global scope, functioning across over 130 stock exchanges worldwide. 
• Their screening system encompasses a broad spectrum of over 100 metrics, encompassing fundamental and technical data points.
• Additionally, their platform incorporates a live chat room that facilitates idea sharing among traders during investment activities.
• Commencing with TradingView’s screener is free, permitting research on U.S. and international stocks, although market information is delayed. 
• Customizable screeners tailor your criteria to find stocks that match your strategy.
• Connect with other traders, share insights, and learn from the community.
• Moreover, you can also access many technical analysis tools.
• It has seamless Integration, which allows you to switch between screening and charting for deeper analysis.
• Stay updated and screen on the go with the TradingView mobile app on Google play store and Apple Playstore.

Seeking Alpha 

• Seeking Alpha provides you with comprehensive financial news and expert analysis.
• The stock screening tool provided by Seeking Alpha presents many screening measures, catering to the needs of both day traders and long-term investors.
• It includes distinct metrics not typically seen on alternative stock screening platforms, such as the Top Yield Monsters feature, highlighting stocks yielding over 6% with strong analyst endorsements. 
• Regrettably, Seeking Alpha’s stock screener is unavailable in a complimentary version.
• Furthermore, it has user-generated content, and you can benefit from insights shared by a large community of investors.
• Portfolio tracking allows you to monitor your holdings and their performance over time.
• You are offered conference call transcripts to stay informed about company updates.
• With Real-time alerts, receive notifications about stock movements and market news.
• You can also access the mobile app on Google Play Store and Apple Play store. 

Stock Rover

• Stock Rover does Fundamental analysis, allowing you to dive deep into financials, ratios, and growth metrics.
• The screening tool arranges stocks and ETFs by utilizing over 650 distinct metrics.
• A unique aspect is the ability to connect Stock Rover’s screener to your brokerage account, enabling portfolio analysis and suggestions for rebalancing. 
• This screener assesses your investments on a scale of 1 to 100, factoring in elements like growth, valuation, financial stability, and momentum.
• Stock Rover’s appeal is limited for day traders, as the stock screener offers a restricted range of technical indicator metrics. However, buy-and-hold investors will greatly appreciate their thorough fundamental analysis measures.
• Various Screening templates are available for you to choose from predefined screens or create custom ones.
• It allows you to compare stocks side by side for better decision-making.
• Stock Rover provides extensive historical data for in-depth analysis. Additionally, it evaluates the risk associated with potential investments.
• Stock Rover has a tablet app formatted for Android and iPad tablets greater than 7 inches in size.

Finviz

• Finviz offers you up-to-the-minute market data for timely decisions.
• Finviz provides customizable filters that allow users to screen stocks based on various technical criteria, such as price patterns, volume, and momentum indicators.
• The screener provides real-time quotes and advanced visualizations, enabling users to make more informed decisions. 
• The Finviz screener provides three different types of filters: Descriptive, Fundamental, and Technical, with the technical filter providing in-depth search options.
• Finviz offers backtesting functionality, allowing users to test their trading strategies using historical data to evaluate their performance.
• Email alerts allow you to receive notifications based on your preset criteria.
• Custom layouts personalize your dashboard with preferred widgets.
• Moreover, correlation analysis understands how different stocks correlate with each other.
• The mobile app is also available on the Google play store.

Zacks Investment Research 

• Zacks Investment Research offers Predefined screens, which allow you to choose from various proven stock screening strategies.
• Their website provides a stock screening tool in free and premium editions. 
• The free version presents an extensive range of functions and a user-friendly interface that permits the saving of past inquiries. 
• Over 100 measures are available for screening, including factors like earnings growth, earnings per share (EPS) estimates, and unexpected earnings variations. 
• To conduct more specific searches, users can input personalized values to enhance their research accuracy.
• This platform provides you access to comprehensive earnings reports and estimates. Furthermore, Benefit from the Zacks Rank and Score to identify promising stocks.
• The Equity research helps you gain insights from Zacks’ experienced analysts.
• ETF analysis evaluates exchange-traded funds for diversified investment options.
• By Backtesting, test strategies against historical data to refine your approach.
• Zacks investment research also has a mobile app on the Google play store and apple play store. 

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MoneyControl 

• MoneyControl is the most suitable choice for traders interested in the Indian stock market.
• Furthermore, Stay informed with the latest market news and trends.
• Technical analysis on MoneyControl provides advanced charts and indicators for technical insights.
• The screener comes with up to 200 fundamental and technical indicators.
• The screener comes inbuilt with a few popular screening combinations across fundamental and technical indicators.
• It allows you to create and manage watchlists to track your preferred stocks.
• In addition, Portfolio tracking monitors your investments and their performance over time. The ‘Big Shark Portfolio’ feature keeps you informed about the portfolio of super investors. 
• The platform offers the MC SWOT Analysis feature to give you a 360 (degree) overview of stock to make an informed decision. 
• Stay connected and informed with the Moneycontrol app on the Google and Apple Play stores. 

Tickertape

• Tickertape Stock Screener has over 200 filters to help you screen stocks based on different themes or preferences.
• You can save your filtered stocks for future reference and quickly load a saved screener when evaluating stocks based on metrics and filters that you use often. 
• MMI forecasts whether the market is optimistic (bullish) or pessimistic (bearish) and determines if it should enter the market at that particular time.
• Ticker’s Screener offers ready-made screens and the ability to personalize screens using over 1200 financial ratios. 
• A segment named “super investors” showcases the portfolios of accomplished stock market investors.
• This platform offers detailed company information, Stock reports, and analysis.
• Alerts and notifications keep you updated with price movements and news.
• Examine and evaluate the performance exhibited across diverse sectors within the market.
• It allows you to discover potential investments based on predefined screens.
• You can download Tickertape’s app from Google play store and apple app store. 

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Google Finance 

• Google Finance is a user-friendly interface that is easy to navigate and access market data for free.
• It is presented as a dynamic dashboard, allowing users to add their custom filters and apply them to the dataset. 
• The screener allowed users to input financial criteria as minimum and maximum values, such as stock price, company’s net worth, and average yearly.
• All the data is available to create a Tiny Titans screen in the Google Finance Stock Screener, but getting the results takes some extra effort. 
• Get the latest stock prices and market information, which examine and evaluate the performance exhibited across various sectors within the market.
• With Google Finance, you are informed of the latest news related to your investments.
• In addition, the Watchlists allow you to organize and track your favorite stocks.
• The Integration with Google accounts gives you smooth access to your portfolio and preferences.
• Furthermore, you are offered data for both domestic and international markets.

CapitalCube 

• CapitalCube allows In-depth financial analytics and insights.
• The screener offers over 100 technical indicators, including moving averages, MACD, RSI, Bollinger Bands, and more.
• Capital Cube stock screener allows investors to filter stocks based on various criteria such as market capitalization, P/E ratio, dividend yield, and more.
• The screener provides investors with detailed financial information on each stock, including financial ratios, earnings estimates, and news articles.
• The screener is free; investors can access it by creating an account on the Capital Cube website.
• Moreover, it evaluates the financial health and risk associated with stocks.
• This platform assesses stocks based on various valuation measures.
• Moreover, CapitalCube offers peer comparison and compares a stock’s performance to its industry peers.
• Stay updated with the latest news impacting your investments.
• You get customized reports and generate personalized reports for deeper analysis.

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Benzinga Pro 

• Receive breaking news and updates that impact the market with Benzinga Pro.
• Its exclusive feature, ‘Squawk box,’ lets you listen to live audio news coverage for immediate insights.
• The Benzinga Pro stock screener is great for swing trading. This means traders buy and sell stocks to predict future market changes.
• The screener has regular measures for both technical and fundamental analysis, along with charts. 
• Although they give limited free trials, they don’t provide a free stock screener.
• Furthermore, experts shared their opinions and stock ratings for you to draw insights from.
• The economic calendar on this platform keeps you informed about upcoming economic events.
• Identify stocks experiencing significant price movements by the Movers and Shakers feature.
• In addition, it monitors options trading activity for potential opportunities.

Conclusion 

Choosing a suitable stock screener can empower traders to make informed investment decisions. Each platform offers unique features tailored to various trading styles and preferences. Always adapt your strategy to changing market conditions and perform due diligence before making investment choices.

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Frequently Asked Questions

Q. How to use stock screeners for fast stock trading profits?

To use stock screeners for quick profits, set filters aligned with your trading strategy, focusing on factors like volatility, liquidity, and technical indicators. Regularly review the generated list, conduct additional analysis, and act swiftly when opportunities arise, considering risk management.

Q. Which is the best stock screener in India?

The ideal choice varies, with numerous Indian screeners available. The right fit depends on your preference for fundamental or technical screening. Key factors include real-time data, user-friendliness, intuitive interface, fast filters, and customization options. Notable options are Tickertape, MoneyControl, etc.