Back To Top

Trading Critique

Intraday Screener

Enhance Your Intraday Trading Strategy with a Powerful Stock Screener

Intraday Screener

Intraday screener revolutionizes stock market analytics by providing a complete 360-degree view of the markets. Due to its wide range of cutting-edge capabilities, this cutting-edge stock market analytics software is among the most sophisticated stock scanners available. It provides customers with the resources they need to quickly and efficiently analyze the market due to a vast library of pre-made scans.

Intraday screener

A variety of measures, including market capitalization, EPS, operating cash flow, ROI, analyst ratings, and Dividend yield, are offered by stock screeners for the purpose of evaluating firms. Technical traders may also take into account indicators like chart patterns, momentum, moving averages, RSI, and ADX.

How Does It Work?

Stock screeners give investors the tools to narrow down and organize a large selection of financial investment possibilities according to their own requirements. Users can efficiently narrow down the options by choosing certain investing characteristics that match their unique requirements.

Market capitalization, analyst ratings, Earnings per share (EPS), operating cash flow, multi-year return on investment (ROI), and Dividend yield, among other things, may be prioritized by fundamental investors. Comparative strength index (RSI) levels for evaluating momentum, Average Directional Index (ADX) readings for judging strength, and chart patterns, among other indicators, are signs that technical traders frequently pay attention to.

Stock screeners ensure a thorough selection process by reducing investment alternatives as users add more criteria. They provide useful information for well-informed trading decisions and cater to a variety of investor needs. Stock screeners assist users in evaluating information prior to making trades or investments by examining the data that is accessible.

Different Categories of Stock Screens

Default Screens

Preconfigured screens for evaluating stocks using popular investing methods, including growth or value investing, are frequently included in stock screeners. This preset can be used to rapidly generate a list of particular stock kinds or as a helpful starting point for newcomers.

Expert Strategies

Screeners offer more sophisticated investment strategies designed for seasoned traders. These tactics are frequently backtested, useful for day trading, and provide a more in-depth understanding of market movements.

Community Screens

Some stock screeners are built into investment websites that support vibrant investor communities. Members of these sites build and share their own stock screens, giving members access to information that seasoned traders value. Providing a window into the priorities of seasoned traders, can help new investors and provide day traders with innovative investment ideas.

Individual Screens

You can build your own unique screen if you are comfortable with your stock screener and have established the essential tenets of your investment philosophy. You can combine and match parameters to create custom screens that unearth niche investment opportunities by using the available metrics on your screener.

Best Stocks for Intraday

You may identify the top stocks for intraday trading using the Intraday Best Stocks option in the intraday screener. It uses Technical indicators and breakouts to filter stocks, giving you the ability to keep track of strong, weak, max, and weak stocks for buying and shorting opportunities.

How to Use the Best Stock Intraday Screener?

In order to choose stocks for trading today, the Best Intraday Stock Screener tool is introduced. Here is how to apply it:

Scan Category Description

Strong Stocks Intraday

This scan determines the stocks to buy for intraday trading.
Shows strong stocks for going long in the intraday.
Note the list of stocks displayed between 09:30 and 09:50 AM.
Enter a long position if a stock makes a new day's high or yesterday's high or pulls back towards the moving average.

Weak Stocks Intraday

This scan identifies weakly performing stocks for intraday trading.
Shows weak stocks for going short in the intraday.
Note the list of stocks displayed between 09:30 and 09:50 AM.
Enter a short position if a stock makes a new day's low/yesterday's low or pulls back towards the moving average.

Stocks Turning Weak

Identifies reversal trades.
Stocks that were initially strong in the first half of the trading day but changed trend to bearish in the second half of the intraday.
Suitable for finding shorting opportunities.

Max. Stocks

Shows strong stocks for going long in the intraday.
Note the list of stocks displayed between 09:30 and 09:50 AM.
Enter a long position if a stock makes a new day's high or yesterday's high or pulls back towards the moving average.

Eight Guidelines for Selecting Stocks for Intraday Trading

Top 8 Stock Screeners in June 2023 and Finding the Perfect Tool for Your Stock Analysis

Category Stock Screener creening Metrics Free Version Paid Version

The best free stock screener

Zacks Investment Research

100+

Yes

$249 per year

The best general stock screener

Seeking Alpha

100+

No  

$239 per year

The best stock screener for buy-and-hold investors

Stock Rover

650+

Yes

$80 to $280 per year

The best stock screener for day trading

Trade Ideas

100

Yes

$999 to $1,999 per year

The best stock screener for Swing Trading

Benzinga Pro

30+

No

$324 to $1,404 per year

The best Stock screener for international investing

Trading View

100+

Yes

$180 per year

The best desktop stock screener

TC2000

100+

Yes (only for students)

$300 per year

The best brokerage stock screener

70+

Yes

No

Uses of a Stock Screener

Concentrate On Suitable Stocks

With so many listed firms, choosing the appropriate stocks might be difficult. A stock screener aids in reducing the pool of potential investments and locating stocks that fit particular investment philosophies and trading standards.

Effective Screening Method

A screening engine, a database of firms, and a list of factors make up a stock screener. Users can provide their preferred variables and filters to find businesses that fit their requirements. The screening procedure is streamlined, and time is saved.

Preference-Based Customization

Users can alter the stock screener by responding to questions about their preferences. This covers elements like preferred value ratios, equities with 52-week highs or lows, market size, sectors of the economy, and more. The screener offers personalized results by asking for certain options.

Key Factors to Consider in a Stock Screener

Unique Features of the Intraday Screener

Stock Quality Calculator

When trading intraday, use this stock quantity calculator to calculate the ideal amount of stocks to buy while sticking to risk management and money management guidelines. The calculator will calculate the suggested number of stocks to buy once you enter your entire capital and the chosen stop-loss for the deal.

Calculator Inputs Description Uses

Position Size Calculator

Total Capital, Daily Risk (%), Trades per day, Stop-loss

Calculates the maximum number of stocks you can buy for intraday trading based on risk management and money management rules.

Helps traders determine the appropriate position size to manage risk and make informed trading decisions.

SIP Calculator

Monthly Investment Amount, Expected Return Rate, and Time Period

Estimates the returns and suggests the required monthly investment amount for a systematic investment plan.

Helps individuals plan their investments and achieve their financial goals through regular investments and compounding returns.

Pivot Point Calculator

Stock Name, Period

Calculates pivot points, support, and resistance levels for a specific stock based on its previous day's high, low, and close.

Assists traders in identifying potential price levels where a stock's trend may reverse or encounter support or resistance, aiding in decision-making for entry, exit, and stop-loss points.

Fibonacci Retracement Calculator

High, Low, Constant

Calculates Fibonacci retracement levels and extensions to identify support, resistance, and target prices for stocks.

It helps traders analyze Price movements, determine potential levels of price retracement or extension, and make trading decisions based on Fibonacci ratios and the identification of support and resistance levels.

EMI Calculator

Loan Amount, Tenure, and Expected Interest Rate

Calculates the equated monthly installment amount for loan repayment, including principal and interest.

Enables borrowers to plan their finances by estimating the monthly loan installment, facilitating budgeting and decision-making regarding loan affordability.

Brokerage Calculator

Buy, Sell, and Quantity

Calculates brokerage charges and other trade costs for different segments of stock trading.

Assists traders in calculating the overall cost of executing a trade, including brokerage charges, taxes, and other fees, helping them assess profitability and evaluate different trading strategies.

Option Price Calculator

Spot price, Strike price, Interest rate, Volatility, and Term

Calculates the theoretical price of call or put options using the Black-Scholes option pricing model.

Provides an estimate of the fair value of options, helping traders and investors assess potential profits or losses, evaluate option strategies, and make informed decisions regarding option buying or selling.

Drawbacks of Stock Screeners

Potential Bias

Different developers’ stock screeners may produce varying findings, suggesting potential biases. Due to the preferences or affiliations of the programmers, some stocks may receive preferential treatment, which could skew the results.

Particular Standards Needed

Users must set up particular and exact search parameters in order to use stock screeners efficiently. The number of possibilities can be overwhelming without precise criteria, making it difficult to make wise choices. To successfully narrow the choices, numerous particular criteria must be entered.

Restrictions on Reasoning

Stock screeners may not be capable of making logical comparisons, which leads to irrelevant or nonsensical comparisons. For instance, when a user’s criteria are unrelated to price, a screener may assess stocks based on price even though the user’s criteria are, leading to false results.

A Focus on Quantitative Elements

The majority of stock screeners place a strong emphasis on numerical criteria when choosing stocks. However, important qualitative aspects like client satisfaction, legal matters, labor concerns, business operations, and corporate governance might not be given enough thought. For determining the overall health and potential threats of a company, it is essential to evaluate these qualitative factors.

In a Nutshell

Become a trading expert with Trading Critique. Access comprehensive broker reviews, insightful blogs, and expert market knowledge. Enhance your trading strategies, connect with industry professionals, and unlock your trading success. Join us today!

Frequently Asked Questions

1.What is a Stock Screener used for?

Utilizing a stock screener is a rather simple procedure. You can choose the filters that correspond with your particular criteria after you have access to the screener. These criteria may be based on fundamental or Technical indicators such as price, trading volume, Price-to-earnings ratio, volatility, chart patterns, etc. To hone your search results and reduce your alternatives, you have the freedom to stack a number of filters.

2.What Criteria should you use to select a Stock Screener?

It can be difficult to choose the proper stock from the large array of possibilities. An efficient stock screener makes this process easier by offering a structured and user-friendly interface. To reduce alternatives, look for a screener with a variety of filters and effective sorting tools.

Whether you prefer day trading or long-term investing, pick a screener that fits your investing philosophy. Think about whether you require a screener that covers international markets or just U.S. stocks. The screener must be careful to use accurate information from reputable sources. To prevent tedious data entry, choose a screener that lets you save your screening criteria.

3.What are some Illustrative Stock Screeners for Stock Analysis?

The number of categories available on stock screeners can be confusing. Decide if you like technical analysis or fundamental analysis before getting started. Determine your goals, top priorities, and your interest in various financial products. Explore the screener properly after that.

Use a variety of technical tools such as charts, alerts, momentum studies, and RSI indicators to maintain a short-term focus. Set alerts to notify you when certain stocks or ETFs reach certain price thresholds or reach overbought or oversold conditions.

Fundamental information like EPS, average daily volume, and market capitalization will be helpful to long-term investors. With a focus on the company’s long-term potential beyond the moment, this information helps build a portfolio.

Tc_comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
How to Trade Forex | Learn 6 Strategies and Tips
Forex
TradingCritique_57

How to Trade Forex | Learn 6 Strategies and Tips

Discover the world of forex trading with our comprehensive guide. Learn essential strategies and risk management, tips, and gain expert insights to start your forex journey confidently. From beginners to experienced traders, find how to trade forex profitably and make informed trading decisions.

Read More »
FP Markets Review 2024: Everything You Need to Know
Broker Review
TradingCritique_57

FP Markets Review 2024: Everything You Need To Know

Founded in 2005, FP Markets is a leading online broker renowned for its exceptional trading conditions and commitment to client satisfaction. This comprehensive guide will help you learn about FP market regulation, account types, financial instruments, trading platforms, etc.

Read More »
How to Invest in Ethereum in 2024 - Simple Guide for Beginners
crypto
TradingCritique_57

How to Invest in Ethereum in 2024 – Simple Guide for Beginners

Ethereum is a decentralized blockchain platform that enables smart contracts, enabling secure, and peer-to-peer transactions without a central authority. It supports decentralized applications and is part of the DeFi movement, with Ethereum 2.0 aiming for improved scalability, security, and sustainability.

Read More »
Bonds: What it is, Types of Bonds & How they Work
investment
TradingCritique_57

Bonds: What it is, Types of Bonds & How they Work (2024 guide)

Are you seeking for safe investment with predictable returns? Our 2024 guide unlocks the world of bond investment, helping you navigate this secure investment option. Learn what bonds are, explore different types, and discover how they work to generate predictable income.

Read More »
Table of Contents