There are so many stocks out there, how do you shortlist the ones that fit certain criteria of your trading strategy?
By using stock screeners of course!
But then again, there are so many screeners out there, some of which might even cost you money. Fret not! I will be listing down the top 5 stock screeners that I use and they are all 100% free.
So, in no particular order, here are the Top 5 free stock screeners that I use!
1) Uncle Stock Screener
This is one of the first few screeners I found on the web when I started. It covers a broad range of markets including SGX. You can shortlist the stocks based on the sector and industries. Additionally, you can add your own conditions to filter out the stocks that meet your specific criteria.
This screener is suited for value investors who look at the fundamentals of a company. It takes a while in my experience to churn out the results but hey it's already free! Be patient.
You can even backtest your criteria to see how well they perform in the long run for minor tweaking to improve your overall strategy.
This screener is specifically for Singapore stocks and is more for technical traders. Although it isn't very customisable, they still provide a range of filters, which are broken down into 2 broad categories, namely the bullish and bearish.
If you want to view the charts from there, they will prompt you to install Microsoft Silverlight. If you don't want to do that, you can do what I do and simply enter the ticker symbol into your charting software of choice.
This is one of my all time favourite, Finvis. I don't know how I would go about trading without this screener. They both fundamental and technical screens which appeals to be because I do a combination of both.
You can save your custom screens if you make an account, which is free as well. The only drawback is that it caters to NASDAQ, NYSE and AMEX only. If you trade in markets other than these, you might want to consider the other screeners I have mentioned.
As the name implies, this is a technical screener, which has preset indicators for you to select from. You can screen by technical indicators, candlesticks and even patterns. They cater to a broader range as compared to Finvis and have more specific screens like Ichimoku Cloud and Bollinger Bands.
Overall, this is a great screener for any anyone interested in technical analysis. I sometimes use it in conjunction with other screeners.
5) NASDAQ Guru Stock Screener
If you are a value investor and want to follow a specific guru's strategy, then this is the screener for you. It includes gurus like Benjamin Graham and Peter Lynch just to name a few. Unfortunately, it does not cover Singapore stocks, so only if you trade US equities.
You simply go to the site; select the guru that you would like to follow and it will produce a list of stocks that fit the guru's criteria. You can also see how the stocks you are interested in fares when applying the different guru's analysis.
What are some of the screeners you use? I'd love to hear from you.
As always, happy trading.