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.
This stock screener is built on a web-based desktop, so you dont have to download any software to get started, and older computers that struggle to run other software will also appreciate this.
Stock Rover offers everything you would expect from a high-quality screener, and its a little more user-friendly and has a less intimidating interface than some of the other options on our list.
Stock Rovers free stock screener allows you to get a feel for the platform and access some basic features, but youll need to upgrade to premium to unlock its full potential.
Premium subscriptions come in three tiers, each with a different set of features and prices.
Stock Rover has an impressive lineup of features, but these are the most notable benefits:
Tradingview Stock Screening & Scanning
TradingViews screening watchlists have fundamentals data separated into Performance, Valuation, Dividends, Margin, Income Statement, and Balance Sheet. TradingView stands out with its vast selection of economic indicators you can map and compare on a chart, for example, comparing the Civilian Unemployment Rate versus the growth in Company Profits.
I recommend TradingView for international traders as the market coverage is enormous, and if you want a very active trading community, this is the place.
Day Trading And Swing Trading Options
If you want to know how to best use the scanner come join us live. We will show you the way to get the most out of it. We also have live stream replays of when we day trade options on the major indices as well as large cap stocks. Real-time chart analysis, including angular and horizontal support and resistance levels before we enter and exit a trade.
I use custom fibonacci retracement levels that show where a stock may potentially retrace to in order to get best entries and exits. Did you know Trade Ideas has a Fibonacci scanner?! They do!
Real-time stock trading screen share of when we enter and exit a trade. Private playlist updated weekly. We also provide lots of free stock training to our community members. Subscribe to our real-time stocks alerts.
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Video Review: Why I Rate Tradingview The Best
- Old School User Interface
- No Mobile App
Founded in 2003, Trade Ideas is a web & desktop-based software platform for finding day trading opportunities. Historically specializing in real-time scanning for trade opportunities, Trade Ideas now incorporates cutting-edge AI algorithms that backtest every stock in the USA & Canada for high probability trading opportunities.
There are two tiers of product, Standard & Premium. Trade Ideas Standard costs $118 per month, or you can save $348 by going for an annual subscription costing $1068, a 25% discount. You get a live trading room, access to 40 market scans, and 500 price alerts for this price.
Trade Ideas Premium costs significantly more at $228 per month and enables the Holly Artificial Intelligence System. This comprises three constantly evolving AI screening algorithms, entry and exit signals, trade risk assessments, and AI Auto-Trading.
How To Day Trade These Stocks
For guidance on how to day trade these types of trending stocks, see
How to Day Trade Stocks in 2 Hours or Less Extensive Guide: Heres an extensive guide on how to day trade stocks in two hours or less each day, including how to find stocks to day trade, when to day trade, strategies you can use to profit, staying focused and how to work your orders.
My Tactical Day Trading Cheat Sheet This is my tactical day trading cheat sheet. Its things I do that makes my trading easier and less complicated, so I can focus on what matters: implementing my strategies. Works whether trading stocks, ETFs, forex or futures.
Time-of-Day Stock Market Patterns When Prices Tend to Trend and Reverse: The stock market has time-based tendencies throughout the day. These intraday patterns have been playing out for years. The tendencies let us know at what time the trend typically reverses, or at least tends to have a significant pullback, so we can be on the lookout for that. The time of day patterns also let us know when volatility tends to increase and subside, which affects the quality of the trading opportunities during those periods.
Trend Trading: How to Spot Trading Opportunities You can consistently catch trend trades by understanding how trends work and developing trade triggers. Heres how to spot trading opportunities.
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Best For Day Trading: Trade Ideas
With its lightning-fast platform and AI-driven functionalities for screening hundreds of criteria, Trading Ideas makes our list as the best stock screener for day trading.
Stock screener with AI functionalities
Integration with brokerages
Only works with U.S. and Canadian stock exchanges
Day traders need access to real-time data, and they need it now. That’s what you get with the Trade Ideas Pro stock screener. Powered by a high-end artificial intelligence machine, the tool uses technical, fundamental, and social data to scan thousands of trading opportunities to find the ones with the most substantial upside potential quickly. That makes Trade Ideas our choice as the best stock screener for day trading.
Trade Ideas was founded in 2003 by a group of financial technology entrepreneurs in response to the growing demand for DIY investing. Their customized server-based technology connects directly to the exchanges, enabling it to track every single stock and ETF that is traded. Every tick is analyzed and tested, measuring a securities behavior against the past in real-time. That’s the kind of edge that day traders need.
The stock screener employs leading-edge backtesting and automated trading features with multiple filters. Traders can use pre-configured layouts to start off strong. With more experience, traders can choose to customize their screens with their own criteria.
Find A Clean Pattern With The Highest Volume Stocks Pre
As we mentioned earlier, you want to avoid charts that have low volume in the morning. How do you know you are dealing with a chart with low volume? Just check out the image below.
Basically, if you feel like you are looking at stars in the midnight sky, the volume is too thin. When we say stars, were not talking about candlesticks we mean literal dashes on the charts.
The pattern you trade is solely up to you. Some of you may like ascending triangles, while others may look for red to green setups .
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How To Choose The Best Stock Screener
There are several key things that will help you select the best stock screener. First, identify a screener that offers the assets that you normally trade. For example, screeners by Yahoo Finance, Investing, and Market Chameleon tends to have most assets.
Second, look for a screener that is relatively easy to use. In my experience, I have identified several screeners that are relatively complicated to use.
Third, identify a market screener that has more filters. These filters should include technical and fundamental features. Also, look for a screener that is free. There is no need to use a premium screener.
Scanz Makes You Trade Better
The worlds best individual traders rely on Scanz to find winning trades every day.
“I have been using the Scanz platform for over a decade and the scanners are an essential part of my trading toolkit. I have the platform pulled up every single day. The news alerts and intraday price alerts help me catch momentum before the crowds. If you’re looking for a powerful scanning platform, I highly recommend Scanz.”
“As a trader of over 20 years, I have been a subscriber of Scanz for approximately 15 years. I would not be able to find the stocks I find without Scanz. The news feed is absolutely critical and speedy, along with the scanning capabilities. I also have several watch lists which bring certain stocks to the immediate forefront. I largely play pink/otc penny stocks, and there are not many options in terms of good tools out there. If I want to play the listed stocks, I can do that as well, they’re all included. The skies the limit in terms of which tools you wish to use. To sum it up, it’s well worth the cost, one trade can quickly pay the monthly fee. I highly recommend.”
I’ve been using Scanz/Equityfeed for most of my trading career. I cannot overstate how happy I’ve been with their versatile scanning software and quick news alerts. It’s incredibly user friendly and extremely reliable, I cannot imagine my day to day trading without it. Highly recommended!
Jeff Williams of PennyPro
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Selecting A Stock To Trade From Your Most Active Stocks List
When selecting a stock to trade, you have two approaches: select the most popular stock or pick your favorite stock based on your past trading performance. #2 will largely depend on your own trading preferences, so well cover a few top stocks for day trading:
- AAPL high volume and great price action. The popularity of the company has transferred over to the stocks popularity in the trading community
- S& P 500 Spiders While this is not a stock but an ETF that follows the S& P index, the volume is huge and provides the means for you to trade the index without trading futures
- QQQ formerly known as the QQQQ has been a fan favorite of active traders for over a decade
- TSLA if you like volatility, the stock moves as fast as its cars
- NFLX the CEO is willing to make bold decisions, this has translated into significant price swings in the stock
- FB there are few stocks that have polarized traders as much as Facebook
Its safe to say we are a little biased towards the NASDAQ when it comes to day trading. The NASDAQs ability in the late 90s to facilitate order flow has forever stamped them as the preferred index for active traders. Youll typically never fall short of a daily market mover or high volume stock on the NASDAQ.
Below are the benefits of trading one or two stocks:
- Learn the trading pattern and personality of the stock
- Identify the technical indicators best suited for the security
- Less stress
- Less work to do before and after the market close
Trade Ideas Scanner After Hours
- CHANNEL 4 This channel is absolutely LOADED with windows! They launch small, but you can expand them. These are all windows that the Pros who use trade ideas have created and shared.
- ETF FOCUSED This is great for those who might be looking at re balancing their portfolios from time to time with the trending ETFs. If you want to learn about the major movements of ETFs this is where its at.
- AFTER HOURS Here we will see whats going down after the bell. Earnings reports, news after hours, whatever is causing stocks to move after 4pm, this is where you want to monitor it. Some traders will trade stocks after the bell to get a jump on the next days morning rush. Also, check out our stock trading tools, and dont forget to check our website for the Trade Ideas scanner gappers!
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Premarket Stock Screener Examples
Here are a just a few examples I found over a few days using just Trade ideas.
FCEL first alerted on Friday 13th November 2020, early in premarket at $2.65. This was a premarket high alert that appeared in the Premarket Movers strategies window.
The chart above shows the alert level and the subsequent move up the following Monday. But there was more to come
FCEL alerted again on the premarket stock screener channel, early on Tuesday 17th November 2020. This time on the gap up stock screener window.
In the screenshot above you can see the follow-on move after the gap up. Notice the huge volume, not just on the gap up, but since the day of the first alert.
UPDATE 2021: FCEL went on to hit a high of $29.44 on the 10th Feb 2021. A trading range of 1011%.
The Best Stock Screeners
Testing shows that Stock Rover and Portfolio 123 are the best stock screeners offering comprehensive fundamental financial data and 10-year historical databases. Portfolio 123 is best for backtesting screening strategies, and Stock Rover is best for value, growth, and dividend investors.
Hand-on usage shows 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. Portfolio 123s backtesting engine is extremely detailed and provides excellent reporting and portfolio management features.
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Scan For Stocks With Significant Price Movements
This may seem obvious, but to ensure efficiency it is prudent to make sure that your intra-day scanned stocks have a filter in place to output stocks with significant price moves. In order to profit from volatility, there must be volatility. Most importantly, there needs to be other participants in ensure liquidity. The best candidates will be the ones with the most eyeballs. Eyeballs are drawn to stocks generating big price moves.
Best Stock Screener Criteria For Day Trading
The best stock screener criteria for day trading are mainly influenced by the prerequisites for successful day trading. Low spread between the bid and ask and high trading volume enables day traders to execute their orders fast and with low to no slippage.
Thats why most day traders consider a low bid-ask spread and high relative volume two of the main criteria. In addition, the position in todays range or the previous day range is often considered a helpful indicator to evaluate support and resistance zones.
Furthermore, the price per share is a key filter element. Stocks below $5 are considered penny stocks, while most day traders prefer trading stocks from $5 to $20.
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Types Of Stock Scanners
There are two basic functions and search periods for stock scanners, fundamental and technical based on end-of-day or real-time intraday data. You will have to decide what type of analysis is best suited for the type of trades you plan on making trades and ythe style of trade you plan to make. For longer-term Investment and swing trading purposes, a fundamental scanner is ideal. For trading opportunities intra-day or short-term swing trading, a technical scanner is most suitable.
Stock Rover Research Reports
A new addition to the Stock Rover platform is the dynamic Research Reports. This brand new service enables you to generate a professional, readable PDF report on any particular stocks current and historical performance. Stock Rover also calculated anomalies in a companys financial reports and issues warnings to help lower your investing risk.
Stock Rover Pricing
You can have Stock Rover for free however, the real power of Stock Rover is unleashed with the Premium Plus service. Moreover, their top service tier is not even expensive compared to the competition. I strongly recommend going for the Stock Rover Premium Plus at $27.99 per month, as you will be getting the best premium stock screener on the market.
- No Deep Historical Data
- Not Enough Financial Data for Buy & Hold Investors
TradingView is one of the best stock market trading and charting platforms, with over 3 million active users sharing trading ideas and strategies in one big community. TradingView is a winner in our Best Stock Analysis Software Review and is now one of the winners for Best Stock Screener.
You can have TradingView for free, but there are limitations on the number of charts, alerts, and devices you can use. I would recommend going for the PRO+ plan at $19 per month as the benefits are extensive, including real-time data, market scanning, and a robust alerting system.
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Focus On One Or Two Stocks From Your Most Active Stocks List
Focusing on one or two securities is all about keeping it simple. In all of the above examples, you would need to scan, watch, and react quickly on a daily basis to a large number of issues.
If this is something that you feel is too much and you want to become a master of something simple, then look to trade the same one or two issues every day. Or, at a miminum, choose only a few of the highest volume gainers or most active stocks each day.
To Use A Scanner Or Not The Art Of Trading Momentum
There are two ways to trade momentum. The first one is to manually study the market looking out for stocks with clear trends and high volumes. Of course, this can be quite demanding as there are thousands of stocks listed on the major exchanges.
Plus, while it is easy to determine the direction a trend will take, finding out its strength is not always easy.
This is why it makes perfect sense to use the best momentum scanner available to zero-in on stocks that meet your preferred style of trading.
Now, if you believe in working smart and making the most of your time, these software programs are indispensable.
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How Do You Use A Stock Screener
Stock screeners are relatively straightforward. After opening the screener, you choose the filters you want to use based on specific criteria, such as price, trading volume, price-to-earnings ratio, volatility, chart patterns, and other fundamental or technical metrics. To further narrow down your choices, you can layer on more filters until you get the results you want.