Here’s What’s Inside The Best Paid Stock Screener

Inside the best paid stock screener you would expect to find a whole bunch of useful tools, ready to use, with the ability to modify them easy to suit your needs. Here I’ll explain how easy it is to modify any of our pre-set filters to enable you to become a true market wizard.

Our RSI stock screener pre-sets cover just about everything a trader could need, like crossing above 70, crossing 50, above 80 for 10 periods etc, however if you want to adjust them it’s really easy. Once you select the filter, you will see a small blue edit button next to it’s name. If you hit that the filter builder page opens, and here you can adjust the settings, add further filters or completely change it! Save, and it’s ready to use.

Finding stocks that have unusual volume is a piece of cake. Already in the main filter we have a whole bunch of nice pre-sets, covering volume up 100% from 30 day average, volume up 100% from last bar etc. Again, to adjust them simply select the filter, hit the edit button and adjust it to how you need. You can also add another criteria, maybe unusual volume and rising RSI? Super easy, and takes 5 minutes.

You can also filter by candlestick patterns. Which is a good feature, if you combine it with an indicator. Maybe you want to find doji candlesticks whilst RSI is overbought or oversold? Simply edit the pre-set and add those extra criteria into the boxes, and away you go.

Another effective way to use our platform is to build watchlists around sectors or industries. You can keep an eye on which sectors are hot, and scan them for various patterns and select some potential winners. You can also build watchlists of stocks that have, as an example, recently moved above a long term moving average, or recently made a Golden Cross. Then run the filter exclusively on these watchlists for things like, RSI coming out of oversold, price making a new 30 day high, etc.

There are so many ways to get the best from our paid stock screener to make your analysis easy, and find some winning stocks to watch. Try it free today and see how it can help you.

Try It Free HERE

Take from https://www.stockmonitor.com/blog/heres-whats-inside-the-best-paid-stock-screener/

Using The Candlestick Scanner And Finding Entry Points in Stocks

Using our candlestick scanner it’s easy to find popular patterns such as hammer candlesticks or engulfing candles. You can choose from a huge selection of patterns in our screener, but which ones are effective and how can they be used in your technical analysis?

Below I’ve walked through a couple of example strategies for using hammer candlesticks to find support or resistance rejections. Often these candlesticks are trying to tell you a story, namely that the price is rejected and the market sees no value, or volume, above or below the long wick that forms.

If these wicks are printed at previous highs, lows or obvious gaps in the price, it’s worth watching how stock prices behave over the coming days. More often than not and opportunity arises to make some profit.

JCP Stock Price Analysis

First up we look at JCP stock price, and right away you see a huge hammer after a gap up in February, and a resistance rejection after it has made a high. After the hammer rejection of the high, JCP stock price went on to fall from $11 to below $8. If you were long, it was a warning sign to watch for weakness, if you were looking to get short it was a heads up for a break of short term support of $11.

After the fall JCP stock price gapped back down through the February gap up. Which shows investors really didn’t want to trade in that price range. Then what followed was a series of rejections of the gap and candles inside. Will it head lower now? It’s not certain, but a breakout of $8 could signal some further weakness.

WMT Stock Price Analysis

Next we take a look at WMT stock price. This is a different scenario, because the stock price is in a steady trend. However the hammer candlesticks can still tell a story, even if it’s not obvious at first glance.

When stock prices are trending they often pull back to retest the last high in the trend. Traders and investors look for retraces to get in on a trend. Hammers can show us that previous highs or lows are being respected and offer some short term support or resistance.

In this example, the first hammer highlighted is a back test of the previous high. This was rejected swiftly, and WMT stock price continued meandering its way up for the whole of April.

After the stock price broke the 2016 high (in May) it consolidated above it, but left a couple of small hammer candlesticks which were telling you that price is being bought each time the support is approached.

There’s interest at that level, and it should offer a place of support, or a level for a stop loss to be placed under if you entered the trade around here.

These are just two quick examples of how you can use our candlestick scanner to find interesting price action. Once you find a pattern, training your eyes to spot the support and resistance is crucial.

Have a go yourself, and begin to look left of the candles that you find. You will start to spot the important levels and build some very interesting watch lists.

Try It Free HERE

Take from https://www.stockmonitor.com/blog/using-the-candlestick-scanner-and-finding-entry-points-in-stocks/

Screener and Technical Indicators on CRM, FB and JCP

After 4 days of downside across the main US indices, futures seem to be pointing to a higher open on Wednesday 15th June. Whether this strength last throughout the session remains to be seen, but here we run our scans on some stocks with potential to move today based on our technical indicator screeners.

First of all (CRM) Salesforce we featured in our last blog post here, had just broken above a high for 2016. Whilst there was no clear resistance above, it was open to sentiment being the momentum leader.

CRM pushed on to a high of around $84.50, and began to retrace just as the general market turned. However, for now it is holding above the horizontal blue line on the chart below. Underneath this, there is risk that it could close the gap and fall lower if the market remains weak. Proceed with caution, but whilst it holds up above $80, there could be support forming.

Facebook (FB) stock price has moved dangerously below a clear horizontal support over the last few sessions. The gap down at the weekly open has left an “island” pattern up above the line on the chart below. Failure to close that gap could mean further falls on market weakness.

However, the fundamentals remain strong at Facebook, so we would expect the stock price to find a support somewhere soon, maybe somewhere between $110 and $112 in the short term. One thing is certain, is that volume will remain strong whichever direction it is trading.

J.C Penney (JCP) made a strong bullish rise in its stock price from the January low and almost doubled in value. JCP is a Cyclical Consumer Goods stock and would normally be associated with stronger gains when the market is weaker. So saying as it has retraced most of the January/February move up it may be one to add to your watch list and monitor for further strength over the summer months.

Support and risk would have to be for price heading below the $6 to $7 level. Below there, coupled with sector weakness, and the price could slide further. However, there are many who swing trade this stock up and down, often. It has a habit of moving down to a support or recent low, and turning to retest the last highs.

To start monitoring your stocks and running technical analysis screeners, login and register free at the button below.

Register Free HERE

Take from https://www.stockmonitor.com/blog/screener-and-technical-indicators-on-crm-fb-and-jcp/

Using A Technical Analysis Screener To Find Stocks On The Move

This week we added a new pre-set filter to our technical analysis screener, stocks that have moved up or down by 5%, 10% and 15%. You might find this a easy way to see the strongest or weakest stocks on the market each day.

In this post, I’d like to show you an idea of using the highest climbers and volume to discover new trading candidates.

 As you should know, volume tells you how many transactions have happened in a particular stock. Whilst it’s useful to know whether it was buying or selling volume, sometimes you don’t even need this information.

All you need to understand is there is currently increased interest in the movement of the stock. By using our volume higher than 30 day average filter, you are able to discover stocks which have people buying and selling more than usual. Combining this filter with stocks that have printed a strong gain can give you the direction that the traders are taking.

Let’s look at a quick example. I have just run the “Change up 5%” filter on the S&P500. It produced 4 stocks that have moved up by that amount today. Next I combined it with “Volume up 25% to 50% from 30 candle average”.

It left one candidate. CHK. Looking at the chart, you can see that it bounced by a similar amount a few days ago, with a similar amount of buying volume, from around the $5 area. This is telling you that there are buyers who see some value at this price, and could end up being a possible support.

Now it would be foolish to jump straight in and buy on this signal. But it's certainly worth watching the stock in your watch list.

Looking in the news next to this chart, there is an article dated today that has the title: Analysts Set Chesapeake Energy Co. (NYSE:CHK) Target Price at $11.10. This has maybe prompted some buyers, and it would be worth seeing if the strength can continue and give an opportunity to hop on board. After all, a rise to $11 would be near 100% gain from this level. If you want to see this stock, and discover many more opportunities using our technical analysis screener.

First posted at:  https://www.stockmonitor.com/blog/using-a-technical-analysis-screener-to-find-stocks-on-the-move/

Technical Analysis and Screener on SBUX, CRM and BIDU

Recent strength in the US stock market has given a lift to a whole bunch of stocks. Here we run our stock scanner and technical analysis charts over a few of our members most watched stocks.

Starbucks (SBUX) stock price has been on the move from a two month low of just above $54. Firstly, running our scan for MACD cross up, we see that the MACD is crossing up for the first time in over 30 days. This tells us price is moving in a positive way.

The stochastic on SBUX also crossed up whilst it was consolidating at the recent lows, and with this move RSI has come from 30 (often classed as oversold) to climb above 40. A sustained move in price should get RSI up and above 50 which is considered to be strong.

Short term, the 50 period moving average is above, just near the gap down from April 22nd. Any rise from here could be heading towards that area, so an increase to $58 – $59 is a possibility. Risk is a break below the low of $54.

Salesforce (CRM) stock price gapped up above $80 last week, and the technical analysis has remained strong. The MACD crossed up above the zero line, RSI has continued to climb high and now stands at 75.

The surge in volume on May 19th and subsequent strength suggests that the bears are not in control here. CRM stock price is above both the 100 moving average and the 50 moving average, with all technical indicators suggesting that there is strength on the way.

A break above $83 would mean a new 2 year high for Starbucks, and if it can hold above that high, there is no resistance to base analysis on. Target is anyone’s guess, but risk is a breakdown below $80.

Baidu (BIDU) stock price has rallied from a 3 month low of $158.50 to close yesterday at $175.60. This has been a strong technical move coupled with an increase in volume over the last 30 days. Our MACD screener has detected that MACD crossed up yesterday, and RSI screener has detected that today it’s moved above 50.

Stochastic is high, but not overbought and price is heading towards the 50 moving average. If the strength continues, a retest of the recent resistance at $197 could be possible. Risk is breakdown below $165.

Start using our stock scanner to help you find the best possible entries for stocks on the US market.

Register Free Here!

Take from https://www.stockmonitor.com/blog/technical-analysis-and-screener-on-sbux-crm-and-bidu/

Brand New Stock Portfolio Features We Added

We’ve recently added some updates to our stock portfolio; this post is going to explain what they are, how you can use them and why they are important.

One of the features users have frequently requested is to have the ability to add stocks in bulk from the stock lists they produce from their scans. We have now added this feature, but rather than just stop there we also spiced it up a little.

Here is what you can do direct from any scan list, or sector/index table inside Stock Monitor.

Bulk add stocks from the current window, to a newly created, or existing portfolio. Because you can have unlimited portfolios, it’s now easier than ever to test trade filters in real time. Simply check the boxes at the start of each row, or top right on each mini chart, and click “Add Selected To Portfolio”. You will be presented with a window.

In the new window you can select an existing portfolio, or create a new one only for these stocks.

Here’s the good part. You can now save time by creating one transaction in the top row, then click the grey “fill down” arrow, and the same date, amount of shares are filled in to all the stocks you selected.

Add a stop loss! With this update you can test trade any scans you like, easy. Add a stop loss amount in the row, and fill down, all stocks will have this applied. You can set a percentage value, or a specific price for an individual stock.

This means you can now test trade using an unlimited amount of portfolios, based on scans you make on stocks within various sectors, industries or indexes.

We believe this is an excellent tool for your trading set ups. You can build a custom scan, run it on various sets of stocks, save all the stocks to different portfolios and see the results each time you log in. No more removing stocks manually!

Get started today, and see how this can become an important part of your trading.

Try It Free Here!

PS: Here’s a short video we prepared showing how to quickly add stocks and set stop losses.

Take from https://www.stockmonitor.com/blog/brand-new-stock-portfolio-features-we-added/

How To Find Overbought or Oversold Stocks Easy

If you’d like to find the most overbought or oversold stocks today, or any day, we’ve made this really simple to do inside stockmonitor.com. With the new addition of popular stock scans to our technical analysis screener you can find overbought stocks in seconds.

In this article I’ll quickly run over what our scanner looks for, how it determines whether a stock is oversold or overbought and a short tutorial video of how to do it.

The most common way to look for an overbought or oversold stock is to use a relative strength index. This indicator if over the 70 level is commonly thought to be overbought, if under the 30 level it is usually classed as oversold. However, in our scanner to narrow down the candidates we also use a high or low value in the stochastic indicator.

Often when a RSI indicator is at the high level it can stay there for quite a while. By adding the stochastic we are determining which of these stocks are overbought or oversold and also at a possible extreme.

We also have a version of this scan which uses the same two indicators but looks for momentum to be falling or rising during a three-day period. This can indicate a stock that is overbought or oversold, is at an extreme with stochastic and could be looking to reverse.

You can add any of these stocks that you find really quickly to watchlist or portfolio direct from the filter results table. Simply select the check boxes and click the button above the table.

Try This Now!

Watch a short video below and see how easy it is to find these stocks, and how quickly it is to add them to watchlist or portfolios.

Take from https://www.stockmonitor.com/blog/how-to-find-overbought-or-oversold-stocks-easy/

Using Our RSI Stock Screener For Fast Overbought/Oversold Analysis

The relative strength indicator is one of the most widely used indicators by investors and traders alike. Here we will show you how our RSI stock screener works, and a show you the fast way to pull up lists of stocks that are overbought or oversold.

An RSI indicator is deemed to be in overbought territory if the indicator crossed up above 70. However, in many situations this is just the beginning of being in an overbought level. This level can increase all the way up to 90 or 100 at an extreme, which means stocks can continue to stay overbought for a very long time and still move up in price.

Using our RSI stock screener you can find stocks easy that are above RSI 70, but the secret trick is to also watch for momentum to begin falling whilst the stock is overbought, and to confirm the overbought status with the stochastic indicator. We can show you this too!

How The RSI Screener Works

On the main filter page, we recently build a new box called “Popular”. Inside this box there is an option to filter “Overbought + Momentum Falling”.

When you select this option, it will display stocks which have these characteristics in the indicators.

• RSI Indicator level greater than 70
• Stochastic (Fast setting) greater than 90
• Momentum decreasing for previous 3 days

Try The Filter Now!

What this means is the RSI stock screener has found stocks that are in high overbought situations, yet momentum seems to be dropping off. This can be a good scan for one of two things.

The price has hit a resistance, and may turn down.

This could be a pullback in a trend, and offer an opportunity soon to jump on board.

With either of these you need to understand basic support or resistance.

For example, if this is a pullback in a trend, you may want to add the stock to your watch list and look for it to retrace back to a previous high, or an area it broke above recently, before deciding if the stock fits your risk profile.

If it is a turning point, you might want to be sure that the level it began to retrace from was a string resistance in the past. Zooming out on a technical analysis chart to view a few years of data will show you.

We have the exact opposite of this filter in the “Popular” box too. It will find stocks that are oversold, and momentum has been rising for 3 days. Check “Oversold + Momentum Rising”.

In addition to our preset filter, you can also customize any of the RSI screeners in the box named “Oscillators”.

When you run a filter, an “edit or clone” button appears. By clicking this you can adjust the levels or add further criteria to the scan, easily, using our custom filter builder. Save the new filter, and it will be available in your custom list each time you visit.

Get started now and begin finding overbought and oversold stocks.

Take from https://www.stockmonitor.com/blog/using-our-rsi-stock-screener-for-fast-overbought-analysis/