Stock FAQs

what are the best stock screeners

by Dr. Reggie Quigley Published 3 years ago Updated 2 years ago
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The best stock scanners are TradingView, Trade Ideas, and MetaStock. TradingView enables global market scanning for stocks, Forex

Foreign exchange market

The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.

, and Crypto. Trade Ideas utilizes 3 AI Bots to scan the market for specific trading opportunities, and MetaStock is the most detailed technical market scanning, backtesting, and forecasting.

Best Stock Screeners of 2022
  • Best Overall: TC2000.
  • Best Free Option: ZACKS (NASDAQ)
  • Best for Day Trading: Trade Ideas.
  • Best for Swing Traders: FINVIZ.
  • Best for Global Investing: TradingView.
  • Best for Buy and Hold Investors: Stock Rover.

Full Answer

What is the best scanner for stock trading?

Here are the top 10 stock screener categories and tools:

  • Best Stock Screener for Day Trading: Trade Ideas
  • Best Penny Stock Screener: Trade Ideas
  • Best Pre Market Stock Screener: Trade Ideas
  • Best Stock Screener for Swing Trading: Stock Rover
  • Best Stock Correlation Screener: Stock Rover
  • Best Dividend Stock Screener: Stock Rover
  • Best Stock News Screener for Swing Trading: Benzinga

More items...

How to use a Stock Screener like a professional trader?

Key Takeaways

  • Stock screening involves searching for companies that meet specific financial criteria.
  • By answering a series of questions and entering your search criteria, screeners give you a list of stocks that meet your requirements.
  • Yahoo! ...
  • Make sure you take the screener results as a first step and remember to do your own research as well.

What is the best stock trading software for beginners?

Top 10 Day Trading Software for Beginners

  1. eSignal. eSignal has been popular for its unique data streaming technology. ...
  2. RealTick. RealTick helps in facilitating trading across global markets. ...
  3. Charles Schwab. ...
  4. Stock Rover. ...
  5. Jigsaw Trading. ...
  6. Ninja Trader. ...
  7. QuoteTracker. ...
  8. Worden Telecharts. ...
  9. StockVision – PowerScan. ...
  10. Eye in the Sky Trade Planning. ...

What is the best software for stock analysis?

Top 4 Best Stock Analysis Software for Investors

  • Stock Rover: Winner Best Stock Screener & Fundamental Analysis Software
  • TradingView: Best for Screening & Analysis of Stocks, ETF’s, Fx & Cryptocurrency
  • MetaStock: Best for Institutional Grade Financial Analysis & Screening
  • TC2000: Best for Real-time Market Technical & Fundamental Scanning USA

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What are the best free stock screeners?

4 of the Best Free Stock Screeners for Day TradingStockFetcher. StockFetcher takes some getting used to, but once you get the hang of it, it's one of the most powerful stock screeners available. ... Finviz. ... ChartMill. ... StockRover.

Are stock screeners good?

A stock screener is only as good as its ability to help you find stocks based on precise criteria. A few standard screening filters include: Stock exchange.

Who is the most accurate stock picker?

Topping our list this year is John Gerdes of MKM Partners, who is the acting managing director of the firm. Through his highly accurate stock ratings, Gerdes has achieved the best rank, weighted by his ratings success and average return percentages.

Are there free stock screeners?

Yahoo Finance's stock screener is a great free tool that combines a clean user interface with a wide variety of filters. This screener is one of the few free resources that allows you to screen for sustainable ESG (or environmental, social and governance) stocks.

What is a stock screener?

A stock screener is a valuable trading and investment tool that shows a list of scan results depending on the selected criteria. Swing traders and...

What is the best stock screener?

Trade Ideas is the best stock screener for day trading, followed by Black Box Stocks. Next, seeking Alpha and Stock Rover has the best investment r...

How to build your own stock screener?

Building your own stock screener is possible by using existing tools in the industry. Each stock screener is customized based on user preferences a...

How do you use stock screeners?

To use a screener, open the stock scanner platform of your choice. Now, filter the relevant financial instruments by defining your variables, like...

What is the best free stock screener?

The best free stock screener is Finviz. The free version allows investors to scan the market based on technical analysis filters and fundamental da...

Best Stock Screeners

Detailed research and testing show that Stock Rover is the best stock screener for value, dividend, and growth investors, with a 10-year fundamental database, 670 financial indicators, and industry-leading research and portfolio management.

1. Stock Rover: Best Stock Screener for Investors

Stock Rover is the best stock screener for value, dividend, and growth investors because it provides the largest database of company fundamental data. Stock Rover has 670 screening criteria, company ratings, analyst estimates, and a 10-year historical database of all US and Canadian stocks and ETFs.

2. TradingView: Best Free Stock Screener

TradingView is the best free and paid stock screener for active traders because it combines powerful charts and screening for Stocks, ETFs, Indices, Forex, and Cryptocurrencies across all international markets. TradingView enables back-testing trading strategies and has the largest active global community of traders.

3. Trade Ideas: Best Day Trading Stock Screener

Trade Ideas is the best stock screener for day trading because it has three AI algorithms that provide alerts for high probability short-term trades. The back-testing, scanning, and trade success probabilities are all automated, meaning Trade Ideas can be used for automated day trading commission-free with eTrade.

4. MetaStock: Best Stock Chart Scanner

MetaStock is the best stock chart scanner because it combines powerful back-testing strategies with over 350 indicators and charting tools. MetaStock’s marketplace has over 100 stock scanning strategies that can be used to find trading opportunities across international stock markets.

5. TC2000: Best Stock Screener App

TC2000 specializes in real-time stock screening and charting for the US stock, ETF, and Options markets. The TC2000 EasyScan system enables quick implementation of powerful screening conditions and custom indicators and is the only software with screening available in the Mobile App.

6. Screener.Co: Large Financial Database

Screener.co has a huge financial database making it a good choice for international long-term investors who value customizable access to company fundamental data.

Best Stock Screeners – Top 10

The best stock screener is the one that offers the best possible functionalities matching your investment goals. Day trading is different from swing trading and investing. Therefore each investment style has specific requirements. Here are the top 10 stock screener categories and tools:

1. Trade Ideas Pro

A day trading scanner has to be fast. Market timing is important for successful day trading. For that reason, a day trading scanner should be powered by high-end technology with data centers near the stock exchange. Also, real stock exchange data should be used as data feed. There is only one stock scanner that fulfills all these criteria.

2. Black Box Stocks

Black Box Stocks offers a bit of excellence in everything. The Black Box Stocks stock screener is one of the key functionalities. It uses a proprietary algorithm to display the 10 hottest gainers and decliners of a day. There is also a pre-market scanner included as well as a post-market scanner.

3. Benzinga Pro

Benzinga Pro is a robust stock analysis, and news feed tool with integrated stock scanner functionalities. You can create workspaces and set various stock screener settings based on specific criteria and keyword filters.

4. Stock Rover

Stock Rover is the go-to-place when it comes to stock correlation analysis, fundamental data evaluation, and powerful investment research. If you use free stock screeners like MSN Money and Yahoo Finance, then Stock Rover is the ultimate upgrade. The Stock Rover advanced web platform is combines screening, research, and charting in one package

5. TrendSpider

TrendSpider is a smart trading software for automated technical analysis. Their market scanner generates dynamic watchlists based on technical criteria. This way, investors discover their trade setup based on flexible scans or by using one of the 20 build-in scans.

6. Finviz Elite

Finviz Elite is the best regular stock market scanner available. I was using the free Finviz screener long before I started using Trade Ideas. But the stock market scanner Finviz.com has only limited capabilities for day traders needs. It never helped me to make profits.

Stock Screeners 101

Stock screeners provide a series of filters and search criteria to help you narrow the field from thousands of stocks to just a handful. The more robust the screening filters, the better the screener can help you find exactly the type of stock you want.

Best Stock Screeners

Ready to roll up your sleeves and get your hands dirty with screening stocks?

Final Word

Day traders and individual stock pickers need access to more complex data analysis than buy-and-hold index fund investors. To sift through the hundreds of thousands of stocks in the global market, they need outstanding screeners.

What Is a Stock Screener?

A stock screener is a powerful trading tool that allows you to search through market data using customizable filters for fundamental metrics and technical criteria.

What to Look for in the Best Stock Screener

If scanners are a new concept for you, you might not know what to look for when you’re shopping around.

Best Stock Screener: Stock Rover

Stock Rover is the first stock screener on our list that has a free component. However, it has plenty of advanced features, and its premium upgrades make it a worthy tool for any serious trader.

Stock Rover: Best Features

Stock Rover has an impressive lineup of features, but these are the most notable benefits:

Who Is Stock Rover Best For?

Stock Rover is a contender for the best stock screener for these applications:

Best Stock Screener: Trade Ideas

Trade Ideas is probably the most sophisticated, powerhouse stock screening tool on our list.

Best Stock Screener: BlackBox Stocks

BlackBox Stocks is a sophisticated stock screener and trading platform with a rich selection of features.

1. Morningstar

Morningstar’s basic stock screener offers a clean (if somewhat dated-looking) interface with helpful tooltip windows that explain each filter. Morningstar is a research firm, and the Morningstar Stock Grades are included in the basic filter. This gives investors easy access to Morningstar’s expert analysis within the screener.

2. Finviz

Finviz is often included in roundups of the best stock screeners, and for good reason. Finviz’s user interface may feel a little crowded at first glance, but once your eyes adjust it’s easy to find all the filters you need without clicking through additional pop-up pages or screens.

3. Yahoo Finance

Yahoo Finance’s stock screener is a great free tool that combines a clean user interface with a wide variety of filters. This screener is one of the few free resources that allows you to screen for sustainable ESG (or environmental, social and governance) stocks. It also gives users access to screeners for mutual funds, ETFs and futures.

4. TradingView

TradingView’s stock screener is aptly named: It has one of the friendlier user interfaces and a clean appearance. This may be a good pick for beginners who don’t want to be overwhelmed by too much information (though more advanced day traders will still find a plethora of technical data to sift through).

5. StockFetcher

If you’re looking for a powerful stock screener, StockFetcher may be the one for you. StockFetcher supports more than 125 indicators from which users can build unique stock filters. The amount of data StockFetcher uses may feel overwhelming, but the site has a convenient User Guide front and center to help orient you.

6. Fidelity

While you can look up individual stocks using Fidelity’s screener without an account, you’ll need one to access more advanced features. Without an account, you can see a stock’s snapshot, which includes things like its bid and ask prices, its 52-week high and a chart of performance data.

7. TD Ameritrade

Like Fidelity, TD Ameritrade lets nonregistered users have access only to stock snapshots. These snapshots are helpful if you just want basic information about a stock, but you can’t see anything more advanced than that.

What Are Stock Screeners?

A stock screener is an online tool for investors to help determine the most profitable investments. Based on the individual investor’s criteria, stock screeners help filter out specific factors, allowing investors to analyze picks on a deeper level.

Best Stock Screeners for Investing or Day Trading

Below are some of the best stock screeners to consider using. There is no particular oder to any of these and each platform has great features.

How These Stock Screeners Work For You

On first glance, a stock screener can look like a complicated program for anyone other than Warren Buffet, but once you know how to use the software; you’ll easily find what matters for the criteria you’ve set.

Should You Invest In Individual Stocks?

I won’t spend much time going over individual stock investing, because there is plenty to cover.

Tools for Stock Investing

Besides utilizing one or some of the stock screeners above, there are additional tools or platforms to help you. It’s actually quite a large category, but here are two that may be useful to you.

What Is a Stock Screener?

A stock screener is an investing tool that helps you identify stocks you may want to buy based on certain criteria that you choose.

Best Stock Screener for Fundamental Investors: Stock Rover

Stock Rover lets you create your own custom screens with over 500 screening metrics. You can also choose from over 140 of Stock Rover’s own screeners and even screen ETFs to achieve some more diversification.

Best Stock Screener for Technical Traders: Trade Ideas

Trade Ideas has made waves in the stock screening space due to its superior machine learning capabilities.

Best Stock Screener for Beginners: Finviz

You might know Finviz from their stellar S&P 500 map, which shows you a graphic of the performance of all the companies in the S&P 500 organized by market cap.

Best Free Stock Screener: TradingView

TradingView simply has some of the most advanced screening and charting technology we’ve ever seen.

Best Stock Screener for Hands-Off Investors: Zacks

Zacks Investment Research has long been one of our favorite stock research platforms due to its high-performing #1 Strong Buy list.

Final Thoughts

If you haven't signed up for a stock screening platform yet, we recommend that you at least take a look into a free trial. Stock screeners can be a great way to make your investing decisions quicker and more informed, and the screeners mentioned in this list are a great place to start!

Best Stock Scanners for a Volatile Market

If you’re planning on taking advantage of the current market volatility, a stock screener app can be an essential tool. Let’s take a look at some of our favorite stock screeners for traders of all skill levels.

Biggest Stock Gainers and Losers Right Now

Getting ready to dive into a new trading day? Before you open up your trading software and make your 1st trade of the day, check out our list of the top-moving stocks making waves on the market today. Stock screener apps give you your first taste of what’s moving the market, and they look something like this.

Use Your Stock Screener Effectively

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.

Stock screeners are critical for investors looking for top stocks. Here are some you don't have to pay for

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com.

No. 1: Finviz Stock Screener

Finviz is my personal choice when it comes to free stock screeners, and it has stayed largely unchanged over the years, making it simple to keep using without having to make changes to favorite screens. You can screen using a wide variety of fundamental, technical, and descriptive metrics.

No. 2: Zacks Stock Screener

Zacks is well-known for its rating system, and its free screener offers a surprising amount of functionality, with more metrics than Finviz offers. One of its best features is that you're able to specify the exact figure that you want to use for screening, rather than accepting predetermined values that the screener provides.

No. 3: Motley Fool CAPS Stock Screener

As a contributor, it makes sense that I use The Motley Fool's own free stock screener on a regular basis.

Get the information you need

Stock screeners are useful, and you don't have to pay for solid screening tools. Free stock screeners from Finviz, Zacks, and The Motley Fool can help you find the stocks you want to invest in easily and efficiently.

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