Forex Trading

How To Scan For Stocks To Swing Trade

technical stock screener

Bullish and bearish crossover patterns signal price points where you should enter and exit stocks. Swing trading has been described as a type of fundamental trading in which positions are held for longer than a single day. Traders attempt to capture short-term profits by using technical analysis to enter into positions, hold for several days or weeks, and exit soon thereafter. The best stock screener is the one that offers the best possible functionalities matching your investment goals.

swing trading strategy

When volatility is strictly in one direction , it is often more difficult to pull of trades. Ideally, focus on one way of scanning and focus on one strategy until profitable. You now have a filtered list of stocks in recent uptrends that are part of the strongest sector currently in the market.


Finviz allows all market participants to look for value in assets and stocks. The stock screener can give you strong investment ideas to buy this downside when it starts to show signs of recovery for long-term investments. A lot of stocks have been overvalued for some time and they still remain at those levels even with a lot of this downside. A lot of people are waiting to start buying into the stock market and they can do so efficiently with the use of Finviz. Find undervalued stocks in April 2020 or even later on Finviz for potential long-term plays with the use of the fundamental tool. For those traders out there you can find short opportunities on Finviz using the technical analysis tool into March 2020.

In addition, we’ve created this quick tutorial for how to use the TradingSim scanning tools. Be sure to check it out as a primer for the content below. A screener will help you uncover potential investments that you would otherwise overlook. This opportunity to find unpopular stocks gives you a significant edge over the rest of the market since you have a much higher chance of finding undervalued stocks with growth potential. Once you have undertaken your research, decide which asset and time frame you wish to swing trade.

One Platform. One System. Every Tool

A bullish engulfing is a very quick reversal pattern, so if I was looking for trades based on something like that I would look for stocks that are strong over the last few weeks . What I do is I run a scan for strong stocks and then I manually go through the chart list and look for a reversal pattern…such as rounded bottom for example. Visually browse through the first few pages of results looking for stocks that are forming patterns that meet your strategies or are forming potential trade triggers.


Using Twitter is good to get a general sense of some potential trade ideas but it shouldn’t be relied on entirely unless your strategy is market sentiment related. Maybe you’re just a contrarian trader that trades based off sentiment. That’s perfect because creating a list of stock traders can help you gauge what the sentiment is for many retail traders on social media.

In addition, the Gold Plan is $29.99 per month with access to the stock and options screener, workspaces, alerts, graphs and formula writing. Finally, the Platinum Plan for $89.98 per month adds historical condition testing and scan results, automatic refresh intervals, up to 1,000 alerts and market timing indicators. TC2000 is an all-in-one trading platform with extensive charting capabilities, built-in option strategies, integrated paper accounts, and various stock screener and scanner functionalities.

Do not jump into a trade just because your market scanner says so. Ninjatrader is a free yet powerful charting platform with market scanning ability. This scan uses the trading rules of the popular Holy Grail trading strategy from Linda Bradford Raschke, an experienced trader who has conducted intensive research into the art of swing trading.

You can experiment with Finviz filters until you get the right one. Finviz screener gives information on stocks you desire based on what you search. A moving average is a technical analysis indicator that helps level price action by filtering out the noise from random price fluctuations. Free tools and free trials are typically the best way to get started.

Best Trading Information

For the most part, combining technical analysis and catalyst events works well in the trading community. Before we learn how to find stocks to swing trade, we first need to understand what swing trading really is. A position trader buys and holds an investment long-term with the expectation that it will grow in value.

  • I usually use StockRover, but you could also use ChartMill “trade ideas”.
  • You can use candlesticks for buy and sell signals along with moving avenge lines.
  • For shorting, I like to short stocks that are weak and falling.
  • Although the volatility of the penny stock markets presents high-growth trading opportunities, it also presents larger risks.
  • Another useful tool to scan for stocks is MarketClub’s Smart Scan.

I look for sectors that are outperforming the S&P 500, are in uptrends, and have bullish technicals. The information contained in this post is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. TRADEPRO Academy is not responsible for any liabilities arising as a result of your market involvement or individual trade activities.

Swing Trading How To Scan For Winning Stocks

If you fill your lists with people who provide good value on twitter, then its a solid alternative way to screen for stocks. Stock screeners let you answer a series of questions about your preferences. Good screeners let you search any metric or set of criteria you’re looking for. When you submit your requirements, you get a list of stocks that meet your goals. Nothing can compare to your own research, using the stock screener as a jumping off point.

Going through the, there are a lot of names that pop out. FinViz allows you to easily siphon through the charts you have screened by selecting “charts” in the tab selection under the screening criteria. In the next section we are going to take a look at just FinViz, and how to screen for the best trending stocks.

The author and publisher assume no responsibility for your trading results. This information is provided “AS IS,” without any implied or express warranty as to its performance or to the results that may be obtained by using the information. Factual statements in this site are made as of the date the information was created and are subject to change without notice. I use the concept of Bollinger Bands to find trading days with extreme volume. You will see that it is unusually smooth and matches the wave-like movement of the market. Tracking the turning points of HMA is a simple way to follow market waves.

Adjust the strength parameters based on the size/time of the bottoming pattern. For shorting, I like to short stocks that are weak and falling. Sort the sector/industry lists by clicking the timeframe% at the top of the columns. You now know how to find out what the strongest sectors are. On Finviz, simply click on the sector/group on the Groups page. days with high volume start new trends or end old trends. And the best thing is that market scanners can find extreme volume days easily. Remember, swing trading is not without risks, but you can certainly be in a much better position to manage them if you know your way around technical analysis tools. You can have a look at the resources designed by our trading experts, which is a great way to master the art and science of technical analysis. This way, you can be sure that you have the right strategies in place, and be ready to face the market and the opportunities that it brings, every single day. Depending on your trading style, you might want to use a catalyst event, technical analysis, or fundamental analysis when conducting due diligence.

As you learn how to find stocks to swing trade, practice using scanners and trading in a simulated account. Practicing allows you to work out the kinks and fix any problems and mistakes you see. If you use fundamental analysis, you can set a scanner to alert you to every stock that’s trading at a price/earnings ratio below 10, for example. Once the scanner returns a list of stocks, you can then dig into deeper research on these tickers. Then it’ll take you to a blank screener that you can customize by clicking “add parameter here” highlighted in green.

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