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This Free Tool Can Help Identify High-Potential Technical Setups Within Minutes

Published 26/07/2024, 11:02
  • Learn how to leverage Investing.com's new free stock screener to identify winning stocks with promising technical setups.
  • Follow a detailed breakdown of using technical filters to find trading opportunities, perfect for short-term and medium-term strategies.
  • Discover the benefits of registering for free to access Investing.com's powerful stock screener tool.
  • Get started for free: discover winning stocks today by accessing the new Investing.com screener here!

Investing in the stock market can be a daunting task, especially with the vast array of stocks available to choose from. However, with the right tools, you can simplify your stock selection process and increase your chances of finding winners.

That's where Investing.com's all-new free stock screener comes into play. This powerful tool is designed to help you identify stocks with high-potential technical setups, helping you make better trading decisions.

This powerful tool caters to both short-term and long-term strategies. Day traders can leverage technical indicator screens to spot potential trading opportunities, while long-term investors can filter for stocks with strong fundamentals and growth potential.

The best part? Accessing this game-changer is completely free. Simply register on the Investing.com website and unlock your path to smarter stock selection.

In this article, I'll provide a step-by-step breakdown of how to use the Investing.com stock screener to find stocks with promising technical setups for quick, high-profit profit operations.

Let's dig in.

Step 1: Register for Free on Investing.com

To get started, you'll need to register for a free account on Investing.com. Simply visit the Investing.com website, click on the "Sign Up" button at the top right corner, and fill in your details.

Step 1 - RegistrationSource: Investing.com

Once you've registered, you'll have access to the full range of features, including the stock screener.

Step 2: Access the Stock Screener

After logging in, navigate to the "Tools" section in the main menu and select "Stock Screener."Step 2 - Stock Screener

Source: Investing.com

This will take you to the stock screener interface, where you can begin customizing your search criteria.

Step 3: Set Up Your Technical Filters

The Investing.com stock screener allows you to filter stocks based on various technical criteria to narrow down your search. To find stocks with strong technical setups, switch to the "Technical" tab.Step 3 - Setting Up Filters

Source: Investing.com

Here, you can set filters such as:

  • Moving Averages: Moving Averages are crucial indicators of a stock's trend direction. Select stocks that are trading above their 50-day and 200-day moving averages. This indicates a bullish trend.
  • Relative Strength Index (RSI): The RSI helps to identify overbought or oversold conditions. Look for stocks with an RSI between 30 and 70, which suggests that the stock is neither overbought nor oversold.
  • Technical Indicators: Choose stocks that have recently generated buy signals from popular technical indicators like MACD (Moving Average Convergence Divergence), Stochastic Oscillator, and Bollinger Bands.

Setting Up Technical Filters

Source: Investing.com

Step 4: Customize Additional Filters

In addition to technical filters, you can further refine your search by applying additional filters such as market capitalization, sector, and industry. This will help you narrow down your search to stocks that fit your investment criteria.

  • Market Capitalization: Select the range of market cap you are interested in (e.g., mid-cap, large-cap).
  • Sector and Industry: Focus on specific sectors or industries that you believe have growth potential.
  • Price Range: Filter stocks within a specific price range that fits your budget.

Step 4 - Additional FiltersSource: Investing.com

Step 5: Review and Analyze the Results

Once you've set up your filters, click on the "Search" button to generate a list of stocks that meet your criteria. The results will be displayed in a table, providing key information such as the stock's current price, technical indicators, and performance metrics.Step 5 - Review and Analyze

Source: Investing.com

Step 6: Deep Dive into Individual Stocks

For a more detailed analysis, click on the stock name. This will open a detailed profile page where you can access comprehensive data, including:

  • Charts: View historical price movements and technical indicators.
  • Technical Analysis: Get insights into technical patterns and signals.
  • Financials: Review the company's financial health and performance metrics.
  • News: Stay updated with the latest news related to the stock using Investing.com's leading news section.

Step 6 - Deep Dive Into Individual Stocks

Source: Investing.com

This will help you make a more informed decision about whether to invest in the stock.

Step 7: Save Your Screeners

Investing.com allows you to save your screener settings for future use. Simply click on the "Save Screener" button and give your screener a name. This way, you can quickly access your favorite screeners without having to set up the filters again.Step 7 - Save Your Filters

Source: Investing.com

And here are couple of predesigned screeners for going long or short, according to market conditions:

Create your own screener and share it me us in the comments!

So, what are you waiting for?

The Investing.com stock screener is a powerful tool that can help you identify stocks with strong technical setups, making your investment decisions easier and more informed.

By registering for free on Investing.com, you can unlock the full potential of this tool and take your stock market investing to the next level.

Start using the Investing.com stock screener today and discover the power of smart stock selection!

*To ensure the best possible user experience with the new screener, make sure to log in to Investing.com on all your devices.

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Disclosure: At the time of writing, I am long on the S&P 500, and the Nasdaq 100 via the SPDR S&P 500 ETF (SPY (NYSE:SPY)), and the Invesco QQQ Trust ETF (QQQ). I am also long on the Technology Select Sector SPDR ETF (NYSE:XLK).

I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies' financials. The views discussed in this article are solely the opinion of the author and should not be taken as investment advice.

Follow Jesse Cohen on X/Twitter @JesseCohenInv for more stock market analysis and insight.

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