Understanding Stock Screeners

Stock screeners are tools that allow traders to filter stocks based on various criteria such as price, volume, technical indicators, and fundamental data. These screeners help traders narrow down their choices to a manageable list of stocks that meet their specific trading strategies.

Customizable Filters
Traders can customize filters based on their trading preferences, including technical indicators like moving averages, RSI, MACD, and fundamental metrics like P/E ratio and dividend yield.

How to Use Stock Screeners

1. Setting Up Filters

   • Click on the filter icon to open the filter settings.

   • Choose from a wide range of criteria, including price, volume, performance, valuation, and technical indicators.

   • For example, to find stocks with strong momentum, you might set filters for high relative strength index (RSI) values and above-average volume.

2. Applying Technical Indicators

   • Technical traders often rely on indicators to identify potential trading opportunities.

   • In the filter settings, add technical indicators like moving averages, MACD, or Bollinger Bands.

   • For example, you can filter for stocks where the 50-day moving average is above the 200-day moving average, indicating a bullish trend.

3. Fundamental Analysis

   • For those who prefer a fundamental approach, screeners offer various fundamental metrics.

   • Set filters for P/E ratio, dividend yield, EPS growth, and more.

   • For example, filter for stocks with a P/E ratio below 15 and a dividend yield above 3% for value investing opportunities.

4. Saving and Exporting Screeners

   • Once you've set up your filters, save the screener for future use.

   • Export the list of screened stocks to a CSV file for further analysis or sharing with others.

Examples of Using Stock Screeners

1. Finding Growth Stocks

   • Criteria: Market capitalization above $1 billion, EPS growth over 20% in the last year, and RSI above 70.

   • This screener helps identify high-growth stocks with strong momentum.

2. Identifying Dividend Aristocrats

   • Criteria: Dividend yield above 4%, P/E ratio below 20, and consistent dividend payments for the past 10 years.

   • Ideal for finding reliable dividend-paying stocks for income-focused portfolios.

3. Spotting Undervalued Stocks

   • Criteria: P/E ratio below 10, Price-to-Book ratio below 1, and a positive earnings trend.

   • Useful for value investors looking for stocks that may be undervalued by the market.

Tips for Effective Use of Stock Screeners

1. Regularly Update Filters: Market conditions change, so regularly update your filters to reflect the latest trends and data.

2. Combine Multiple Filters: Use a combination of technical and fundamental filters to get a more comprehensive list of potential stocks.

3. Backtesting: Test your screener criteria against historical data to see how they would have performed in the past.

4. Stay Informed: Keep up with market news and trends to adjust your screeners accordingly.

Stock screeners are invaluable tools for traders and investors seeking to streamline their stock selection process. By leveraging the platform's customizable filters, real-time data, and seamless integration with advanced charting tools, users can identify potential trading opportunities more efficiently.

Whether you're a growth investor, a value seeker, or a technical trader, stock screeners can help you navigate the complex world of financial markets with greater precision and confidence.