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Best Stock Screener For Swing Trading

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by Gavin in Blog
August 6, 2022 0 comments
Best Stock Screener For Swing Trading

Today, we will attempt to find the best stock screener for swing trading.

We will look at all the main screeners – Finviz, Barchart, Stock Rover, Fast Graphs, Trade Ideas, Trend Spider, Black Box Stocks, and Benzinga Pro.

Which do you think will be the best?

Contents

Introduction

Investors are commonly looking for ways to help them find profitable swing trades in various types of markets.

Stock screeners can be excellent for swing trading because they provide investors with tons of tools and information that can be useful.

We will be looking at several of the best stock screeners for swing trading that can currently be used in 2022.

While there are some free stock screeners, most investors will agree that the best features come from stock screeners that offer premium services.

Stock screeners can serve as a filter to help you find different types of stocks or companies that you might want to invest in.

Finding potential trading opportunities as a swing trader can be challenging, especially when you’re trying to keep up with thousands of stocks in real-time.

That’s where a stock screener can help you by filtering through hundreds or even thousands of stocks and suggesting potential future swing trades.

Finviz

Finviz is a stock screener that is specifically designed to work in your internet browser.

You learn about thousands of different types of stocks and filter through them based on volume, signals, price, and much more.

While most of the tools on Finviz’s internet stock screening platform are free, there are some premium add-ons that can be acquired for experienced investors.

In order to access all of the features, members must pay for a $300 annual subscription plan.

Barchart

Barchart has a lot of useful information on its website, including a stock screener that investors of all skill levels can use.

The manual stock screener is available free of charge, while Barchart Premier features an auto screener that costs approximately $140 per year as an annual subscription.

Not only will you gain access to tons of useful market information, but you’ll also be able to use the automated features that automatically provide you with access to screened stocks and signals.

The premium plan includes custom charts, stock picks, watchlists, and historical stock market data starting from the year 2000.

In the below video, I walk you through how to use the Barchart Screeners to find trade ideas.

Stock Rover

Stock Rover could probably be considered among the most advanced stock screeners currently available in 2022.

Investors that use Stock Rover have been able to find so much valuable information in sorted lists of stocks, specifically targeting specific types of stocks that match certain criteria.

While a free plan is available for Stock Rover’s stock screener, three premium plans are available, including the Essentials Plan, Premium Plan, and Premium Plus Plan.

The cheapest premium plan starts at just $8 per month, while the most expensive plan is valued at $28 per month.

These premium plans include access to portfolio management tools, historical stock market data, and the ability to take advantage of hundreds of custom screening tools and metrics.

Fast Graphs

Fast Graphs makes it easier than ever for investors to screen through more than 18,000 stocks.

Experienced investors will likely be very satisfied with the services offered by Fast Graphs, particularly because it eliminates any required effort from the investor and speeds up the screening process by a factor of ten.

The premium plan can be acquired for as little as $16 per month, with higher-tiered plans also available up to $50 per month.

While Fast Graphs may not be ideal for the newest swing traders and investors, it can certainly be helped for the experienced swing traders seeking information about various stocks.

Trade Ideas

Trade Ideas has been around since 2003 and has in-depth tools that can be helpful to investors of all skill levels.

Simulated trading strategies and virtual trading assistants can assist you as a swing trader by providing pricing alerts and curated workspaces to make your life more efficient.

You can choose from the standard or the premium plan, depending on the exact services you’re looking for.

Trend Spider

Many investors have taken a liking to the Trend Spider technical analysis software.

The service includes stock screeners, technical analysis, and in-depth charts for thousands of the most popular stocks currently available for swing trading.

For advanced investors seeking a premium plan, prices currently range from $22 per month to $65 per month, depending on your experience level and which tiered service plan you need.

Black Box Stocks

There’s no doubt that Black Box Stocks is one of the best available stock and options scanners.

The system automatically scans all North American stock exchanges and instantly analyzes thousands of stocks in real-time.

In a matter of moments, various alerts may go off and help you plan your investments based on solid real-time analytical data.

New and long-term investors with tons of experience agree that Black Box Stocks has several great services and utilities that make swing trading and options trading easier than ever before.

Benzinga Pro

If you’re looking for an effective stock screener and real-time updates for a variety of markets and exchanges, then you will definitely want to consider Benzinga Pro.

This stock screener uses advanced algorithms and data to instantly provide investors with the information they are looking for.

Not only will you be able to customize your stock screener and all of its settings, but you can also export data to a downloadable file on your personal computer.

The stock screener also has dozens of filters, including the ability to sort by active price, swing percentages, volume, and more.

Benzinga Pro is widely recognized as one of the best stock screeners in the industry in 2022.

While it may not be suitable for every type of investor, it certainly provides a lot of assistance to swing traders with years of experience.

FAQ

How Do I Scan For Good Swing Trades?

There are so many different methods to consider using when trying to set up a good swing trade for yourself to invest in.

From a simple perspective, your investment goal is to buy low and sell high on a particular swing.

It is definitely easier said than done, but many of the stock screeners that are available can guide you in the right direction to get started.

If you don’t have money to purchase a premium stock screener service, you might want to start out with a free web-based stock screener.

While free stock screeners may have limited information, they’re a great place to start until you manage to save up enough money for a premium stock screener.

What Are The Best Stocks For Swing Trading?

Stocks that have large swings are generally really ideal for swing traders.

A few stocks that offer these types of swings include DKNG, TSLA, and MSFT.

The volatility in the stock market is always changing, so you should also conduct appropriate research about the volatility of a stock before initiating your very own swing trade.

Stocks are always changing in volatility, so stock screeners can be great, especially if you want to filter through thousands of popular stocks without having to conduct in-depth research.

Which Screener Is Best For Stocks?

Benzinga Pro is an exceptional option for investors of all skill levels, but the premium plan can be very pricey for newer investors that are looking to save money.

Other great affordable stock screeners, including Barchart and Stock Rover, are also available.

These stock screeners are useful because they provide the investor with the ability to customize certain types of filters.

This allows you to integrate certain types of trading strategies and to eliminate stocks from the list that may not fit specific criteria.

How Do I Find Stocks To Swing Trade On ThinkorSwim?

ThinkorSwim is a service specifically designed for traders. Investors can easily search for thousands of different stocks and instantly screen them with ease.

The platform can be accessed from the downloadable software or through the web platform that is also available for investors.

If you don’t have computer access and still want to search for stocks to trade, you could also use any compatible mobile device to instantly gain access to thousands of appealing stocks that could be suitable for future swing trades.

How Much Money Do You Need To Be A Swing Trader?

While you can technically trade stocks with any amount of money, most investors will agree that you’ll need at least $1,000 to swing trade.

Remember never to risk more than you’re willing to lose, because that is one of the most important pieces of investment advice that a swing trader can learn.

Once you save up enough money to start swing trading, you should be able to start gaining experience.

More money as a starting balance will provide you with a larger cushion to ensure you don’t fall before exchange minimums for swing trading.

Conclusion

All traders and investors should consider a premium stock screener to help build a collection of resources and tools that can help make smart trading decisions.

Some of the best swing traders in the world take advantage of premium stock screeners like the ones listed in this guide.

It can be nearly impossible to independently track hundreds of different stocks in real-time when the markets open during the week, so having a stock screening software take care of that is one big way to make it a lot more convenient for a trader.

We hope you enjoyed this article on the best stock screener for swing trading.

If you have any questions, please send an email or leave a comment below.

Trade safe!

Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.

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