The best stock screeners on the market today have come a long way since I first used them in the late 1980’s. The best stock screeners no longer require any programming skills, unlike those of the past. They should also offer a web version as well as a desktop version.
In addition, we are not restricted to laborious downloading of data. Remember dial-up? Data is now stored on remote servers, so there is no need to worry about data downloads, or losing personal settings. The best part, for me, I can access them from anywhere on my travels.
There really are too many to choose from, so I list below some of the best stock screeners based on ease of use, flexibility, and price point.
1) TC2000 Stock Screener – TC2000.com
TC2000 covers US stocks and options and has been around for a long time. In fact, since 1993 TC-2000 has been Voted “Best Stock Software under $500” by ‘Stocks and Commodities Magazine’ for 26 years running. You don’t achieve this without constantly innovating and giving customers what they want.
TC2000 has a really flexible real-time stock screener that covers both, fundamental and technical criteria. Scan results can be easily added to a watchlist, or further alerts can be created for the qualifying stocks or ETFs.
Alerts can be set on price, trend-lines, or a host of technical conditions. You can receive the alerts either via email or text message to your phone.
TC2000 also includes options strategies, and the ability to scan thousands of options, making life easier for options traders.
Support is also excellent, and I was pleasantly surprised to get quick answers to my stock screener coding questions.
Recommended for Investors who trade US stocks and options, and who like to focus on the fundamentals as well as charts.
2) Trade Ideas Stock Screener – www.trade-ideas.com
Trade Ideas is an excellent stock screener that gives the trader a constant stream of stock trading opportunities during the day. There are more than enough built-in strategies, which you can further modify to suit your particular needs.
The unique feature of Trade Ideas is its Artificial Intelligence engine, Holly. Every day after the market close, Holly reviews and analyses the trading day. This constant learning and improving her trading strategies is a great asset to have on your side.
As traders, we all need to focus on idea generation, because without stock picks there are no profits. Also the shorter term your trading time horizon, the more ideas you need to generate. Trade Ideas is the perfect tool for that, because it will generate ideas from premarket to after- hours, and any time in-between.
3) Tradingview Stock Screener – www.tradingview.com
Tradingview is a web based charting software with great charts and a stock screener. There are many technical and fundamental criteria combinations you can use to find trading opportunities.
The best thing I like about Tradingview is that it covers International stocks, Futures, Forex and world economic data. This is one of the tools I use as I trade US & UK stocks, and International Markets via ETFs.
Some of the International stock markets covered include US, UK, Canada, Australia, Hong Kong, Singapore, Japan, and many European countries. And yes, you can use the stock screener for all these countries.
4) Finviz Stock Screener – www.finviz.com
Finviz.com is a web based stock screener that makes finding possible stock trades quick and easy. Many charting software in the past had only technical criteria for their stock scans. But many stock screeners are now combining both technical and fundamental data, and Finviz does a great job of this.
Whether you are a trader or an investor, value or growth orientated, Finviz.com can help you find the stocks that meet your needs. I even know of many day traders that use Finviz.com every day.
There are so many stock screeners on the market today, that it’s hard to know where to start. Hopefully this breakdown will save you a great deal of time. Listed above are, in my opinion, some of the best stock screeners on the market. Try them and see which one is right for you.