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Volatile Stocks – these are the stocks with the most volatility. For traders who are looking for volatile stocks, this is the screener that you will use. Oversold Stocks – find stocks that are oversold based on the RSI indicator. Oversold stocks is a great way to find stocks trading at a bargain. Please note some stocks stay in the oversold zone for a long time.

Tracking the turning points of HMA is a simple way to follow market waves. Read analyst reports and other sources to get a long-term view of the stock. Now that you have a focus list, you need to know the entry trigger, stop and target placement. Having a plan leads to better decision making when it’s time to enter. Today’s Rng % – This is equal to today’s high minus today’s low.

  • Various pre-defined trade signal channels and four A.I.-trade signal channels make it easy for new customers to start using Trade Ideas scanner technologies.
  • So for me, this is perfect and also it’s cool because it already comes with a lot of pre-written scripts.
  • How to Find the Best Trending Stocks for Swing Trading with FinViz.
  • You can use these trade ideas proposed in real-time through a live simulated trading room.
  • Motley Fool Stock Advisor provides a list of five stocks they believe deserving of your money today.
  • Once a trade reaches the profit goal, or triggers a stop loss, it moves to the past trades section.

For example, if the S&P 500 just fell 40% from its high, not many stocks are going to be near a high (90% criteria). Then, you will see stocks within 30% of their highs, which is better than the S&P which is down 40%. This video provides some examples of using these scanners, the process to go through. Use this screening method to stay on top of hot stocks, see them setup, and have your orders placed for when they explode. Use this screening method to stay on top of hot stocks, see them set up, and have your orders placed for when they explode.

Scan Ideas For Swing Traders

The point is to alert you to the activity that meets that criteria of something that has the potential to run. At this point, it’s best to pull up the chart of the ticker, and analyze what you’re seeing. If the chart does in fact look strong intra-day, with great volume, identifiable levels, trade setups, you would then be ready to potentially take a trade.

swing trade scanner

A moving average crossover occurs when two or more moving averages intersect, confirming a change in the market trend. This happens when significant price changes occur, pushing the lines up or down and thus causing them to intersect. The most popular signals of moving averages are their intersection with the price or their intersection with each other.

Volume Punch

Now that we have our universe of stocks defined, let’s filter it down a bit more. I’ve recorded a supplementary video below, covering more of the setup process in TC2000 if you are interested in duplicating these same scans in your own environment. Members have access to the whole trade history, see his live positions on his site, and receive a pre-market update. Twitter recommends them based on your current lists/interests. This method requires a tiny amount of effort and it is still pretty effective.

Having screened only for the first part , we’ve come up with 130 names. This list came to be further minimized, by increasing the volume threshold or adding the EPS and sales growth over the last 5-years. FinViz allows you to easily siphon through the charts you have screened by selecting “charts” in the tab selection under the screening criteria. This is a great place to start before moving forward, so you can choose which screener is best for your trading needs. Many of these services aim to simplify your subscription by not requiring prior trade experience, especially in the case of the Motley Fool services, Mindful Trader, and Tim Alerts. Of the two services offered by Motley Fool , Stock Advisor is my pick of the bunch if you want consistent performance with less volatility.

swing trade scanner

1-week performance between -8% and 10% to find stocks potentially consolidating right now. The video also discussed continuation patterns, which are just like handles, but they occur in strong uptrends typically after a cup and handle breakout. The purpose here is to find those setups and see how they worked out in actual practice; not having to wait one day at a time to see what happens in the future.

The Premium plan for $228 per month or $2,268 per year unlocks access to the A.I. Virtual trading analyst feature, the backtest engine and auto trade with Brokerage Plus and A.I. The artificial intelligence based trading signals by Trade Ideas are mainly used by day traders.

Real people curate scan results before any recommendations come available through the service. You’ll also learn how the service picked the trade, why they believe it will perform well and how to find similar trades on your own. The information in this site is for educational purposes only and in no way a solicitation of any order to buy or sell.

Swing Trading Strategies For Stocks

All trades come with an exact entry price, profit target, and stop-loss level. For example, Eric would close the position if a trade did not hit the profit target or stop-loss level within two weeks. Therefore, Mindful Trader is a short-term swing trading service. TradingView is our top pick for charting swing trading opportunities because it’s both comprehensive and flexible. With TradingView, you get access to streamlined technical charts with 12 different bar styles and plenty of advanced drawing tools. Even better, the software includes more than 100 built-in technical indicators, and you can apply indicators on indicators.

While these can be customized, most users rely on the pre-set scans. However, with time, the effect can backfire once the transparency becomes too obvious as traders look to fade the results. Therefore, it is imperative that the scan results are not only validated but also confirmed to be early in the pattern.

This is what our Swing Trader education package and daily stock market newsletters are for. Consider subscribing to any of these services to learn more about them and whether trading alerts make sense for your needs. Swing trading is a great way to make money, but it can be hard to find the right stocks and trade opportunities. Penny stocks present an appealing opportunity to buy when a stock trades for a low value in the hopes of making quick money when it moves up suddenly.

The investment newsletter and service sends recommendations for “Steady Eddies” and potential high-flying stocks the service believes provide financially sound fundamentals. “Expert” analyses are reserved for Premium members as well. This plan includes a stock screener letting you filter by average analyst rating and gain access to listen to conference calls and other presentations. For trade Credit default swap profit potential, the range can vary from as small as 20% to as much as 100%, depending on the trader. The goal is that by taking advantage of price swings, traders will make more on their winning trades and lose less on their losing ones. I’ll show you in a minute it does give you charts as well and you can add by drawing on the chart, you can tell it what you want to be on that chart.

swing trade scanner

Price pulled back from the breakout to retest the former downtrend and the 50d on October 23. From there we saw rotation to the upside and nice swing trade opportunity for a pre-earnings run to sell ahead of their announcement. The Pullbacks above the 20sma scan is essentially the “holy grail” 20d pullback setup. Names are displayed that are up over the last 10 & 20 days, but down over the last 5 days. In addition, the alerted names must be above the 20 day sma.

How To Use Stock Market Scanners

The headhunter acts as the gatekeeper that should qualify only the top recruits to pass on to you. Your job is to “interview” them for the “job”, analyze them for potential trades. The stricter the qualification process, the easier it is to hire and put on the trade. The tightness of your filters will be the key to generating accurate results. If you are scanning for pattern set ups, make sure to validate how accurate the results are.

Strategies need to be based on things that tend to work over many trades…that is why I use the criteria I do. BUT, there are INFINITE WAYS TO TRADE. By all means you should develop your own approach based on what you see and find. Know the proper amount of stock to buy—for the risk of the trade, your risk tolerance, and relative to your account capital—before placing a trade. Use your scanner as a proxy for how healthy the market is for that strategy. If the scanner produces lots of results, that means the market is quite strong.

Should You Subscribe To A Swing Trade Alerts Service?

Be sure that you’ve got a grasp on your trading fundamentals, a brokerage account that works with your needs and skill level and a great source for daily market news before you trade. Finviz Elite expands on the free version of the platform, offering real-time streaming data, advanced charting options, email alert features and more. Technical studies, more advanced sales and revenue data and layout customization is also available through Finviz’s paid account options. Traders can also access a few of the platform’s more advanced features by registering with their email account.

I found the volume filter above didn’t quite do the job by itself because there could be a 1 day event that skewed the 20-day volume calculation into a false positive. By making sure there’s always a minimum of 200K shares trading each day, we’ll avoid this loophole. In TC2000 you have a great deal of flexibility to scan for stocks on specific how to scan stocks for swing trading exchanges like the NASDAQ, NYSE, or drill down deeper into specific sectors or even industries. Instead of having to sort through thousands of stocks, we can get a shortened list back, containing only stocks that fit the characteristics that we’re looking for. There are over 5,000 public US stocks available to trade every single day.

We love Trade Ideas because they’re easy to use once set up (become a Yearly memberand receive our custom-built Trade Ideas scans). The right stock screener app can greatly enhance your trading and help you identify more profitable trading opportunities. Decide which stocks you want to screen, how the news should impact your decision-making and when to ultimately buy or sell.

Let’s take a look at how you can use these scanners to find different swing trading setups. These are scans that are looking for a certain set of pre-determined criteria to match. A simple strategy could be a scan that is looking for stocks that are trading at 52 week highs on high relative volume. A more complicated scan could include Promissory Note a number of additional criteria that really hone down on the type of stock/move the trader is looking for. This stock scanner scans for stocks based on technical indicators only, it does not have any of the fundamental analysis data like PE ratio. If you are looking for a fundamental stock screener, this app is not for you.

Author: Lorie Konish