Best Stock Screeners and Stock Scanners

The chances are that you have been in a situation where you bought stocks at the high of a price swing and then sold them right at the bottom. Perhaps the strategy was good, but the trade timing put a kink in your expectations. Trading and investing require to be in the right place at the right time.

The perfect trade execution, tight spreads, and the avoidance of slippage can make the difference between profitability, break even trading, or even losses for day traders, which makes lightning-fast real-time data important to day traders.

Swing traders and buy-and-hold investors often scan for fundamental and technical criteria by using stock screeners with reliable stock data and insights into company fundamentals like market cap, earnings per share and revenue based on ten years of data history.

With the best stock screeners and stock scanners, profitability can be increased for all kinds of investors. Technology is the key to success. Artificial intelligence-based algorithms, trade automation, trading strategy detection, and position size optimized orders are only a few advantages new technologies can provide.

Fasten your seatbelt and get ready for the best stock scanners and stock screeners to use in 2022. This list includes the best paid and free tools for day traders, swing traders and investors.

best stock screener

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Best Stock Screeners – Top 10

The best stock screener is the one that offers the best possible functionalities matching your investment goals. Day trading is different from swing trading and investing. Therefore each investment style has specific requirements. Here are the top 10 stock screener categories and tools:

  • Best Stock Screener for Day Trading: Trade Ideas Pro
  • Best Premarket Scanner and Options Screener: Black Box Stocks
  • Best Stock Screener for Swing Trading: Benzinga Pro
  • Best Technical Stock Screener: TrendSpider
  • Best Stock Screener for Fundamental Analysis: Stock Rover
  • Best Stock Screener App iOS & Android: TradingView
  • Best Quant Rating Screener App: Seeking Alpha
  • Best Stock Screening Software: TC2000
  • Best Stock News Scanner: Hammerstone Markets
  • Best Free Stock Screener: Finviz

1. Trade Ideas Pro – Best Stock Screener for Day Trading

trade ideas best stock screener for day trading

A day trading scanner has to be fast. Market timing is essential for successful day trading. For that reason, a day trading scanner should be powered by high-end technology with data centers near the stock exchange. Also, accurate real-time stock exchange data should be used as data feed.

Trade Ideas provides its users with the best day trading scanner. It is straightforward to scan for premarket movers, gaps, low float stocks, high relative volume and other trade alerts using TI Pro. Advanced features like the integrated backtesting interface, the brokerage API for brokers like E-Trade and Interactive Brokers, and automated trading capabilities enable day traders to improve their trading.

The Trade Ideas A.I. channel algorithm automatically scans the market for the trading setups with the highest profit potential and shows the results in real time. Their Artificial intelligence stock trading software has beaten the market benchmarks significantly in the past. In addition, they offer free trading education classes, a stock chat room, and simulated trading. Trade Ideas belongs to the list of fastest growing companies based in the United States.

Highlights

  • Stock screener with A.I. functionalities
  • Gap scanner and many other pre-configured scans
  • Backtesting and automated trading features
  • Freely customizable scanners with ~800 filters and alerts
  • Live trading room and free education included

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For more details, read the full Trade Ideas Review to find out why Trade Ideas is the best stock screener.


2. Black Box Stocks – Best Premarket Scanner and Options Screener

blackboxstocks premarket scanner

Black Box Stocks offers a bit of excellence in everything. The Black Box Stocks stock screener is one of the key functionalities. It uses a proprietary algorithm to display the 10 hottest gainers and decliners of a day. There is also a premarket scanner included as well as a post-market scanner. Users can scan for any type of U.S.-listed stocks like large-cap stocks and penny stocks.

In addition, Black Box Stocks has an integrated options screener where unusual options activity on Wall Street is tracked. The feature is included in the price. Users can apply 17 filters to real-time options flow and color-code the options alerts. The trading chat room for stock traders and a discord channel for options traders make their offers complete. Finally, they have free trading education events where real traders educate the community in diverse trading and investment styles.

Black Box Stock is a good starting point for those who are a bit uncertain about what assets to trade and what time horizon and strategy to use. Since Black Box Stocks also has a news feed powered by TheFly included in the dashboard, its overall functionalities come close to those of Benzinga Pro. Because of the educational events, they even go a step further.

Highlights

  • Combined screening tools for stocks and options
  • Strong community
  • Discord channel and private Twitter groups
  • Free educational events

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More on the key benefits can be found in the Black Box Stocks review.


3. Benzinga Pro – Best Stock Screener for Swing Trading

benzinga pro stock screener for swing trading

Benzinga Pro is a robust tool for fundamental and technical analysis with news feeds and integrated stock scanner functionalities. Users can create workspaces and set various stock screener settings based on specific criteria and keyword filters.

It is possible to set an alert that notifies the user once a criterion is met. In addition, Benzinga comes with integrated charting, various pre-defined stock screeners, a dividend stock screener, real-time news alerts, sentiment indicators and a squawk radio feature.

Benzinga Pro offers a 14-day free trial here. It is a real free trial, no credit card is needed, and the free trial will end after 14 days without obligations.

Highlights

  • Stock screener and news platform in one place
  • Fundamental and technical screening criteria
  • Powerful pro-features (check the review for details)
  • Customizable newsfeed
  • Squawk box and audio alerts are available

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Read the Benzinga Pro Review for more details and insights.


4. TrendSpider – Best Technical Stock Screener

trendspider stock analysis app

TrendSpider is a smart trading software for automated technical analysis. Their market scanner generates dynamic watchlists based on technical criteria. This way, investors discover their trade setup based on flexible scans or by using one of the 20 build-in scans.

The TrendSpider scans can also be used as the source for backtests and pattern-recognition analysis. The 1-minute chart is the lowest possible timeframe. This way, TrendSpider can search on any timeframe from 1-minute to 1 month.

A nice feature of the screener is that multiple timeframes can be combined for multi-timeframe analysis. This is a feature where TrendSpider stands out. Some of the pre-build scanners are the MACD Cross scanner, blue Raindrop- and Ichimoku Cloud scanner. Besides the named functionalities, TrendSpider offers a charting and analysis package and a dynamic alert system.

Highlights

  • Continuously improvements since inception
  • TrendSpider University and Trading Pit Show for free
  • Backtesting engine included in all subscription

Discount

Please, read the TrendSpider review for more insights.


5. Stock Rover – Best Stock Screener for Fundamental Analysis

stock rover

Stock Rover is the go-to place for stock correlation analysis, fundamental data evaluation, and powerful investment research. If you use free stock screeners like MSN Money and Yahoo Finance, then Stock Rover is the ultimate upgrade. The Stock Rover advanced web platform combines screening, research, and charting in one package.

With 10 years of detailed financial data history, excellent data exports, more than 650 supported analysis metrics, stock ratings, correlation analysis and broker integration, the Stock Rover platform has become the favorite stock screener and ETF screener for swing traders and value investors.

Stock Rover offers extensive analysis capabilities and can be tested for 14 days with all data, including portfolio analysis, stock and ETF comparison, portfolio management, research reports and dividend screening.

Highlights

  • Excessive database with 10 years of historical data
  • 650+ financial metrics available
  • Equation screening, ranked screening, and correlation analysis
  • Powerful financial report capabilities with real-time report generation
  • Excellent value investing, swing trading, and stock screener functionalities

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6. TradingView – Best Stock Screener App iOS and Android

tradingview scanning tool

TradingView was initiated by traders and software developers who wanted to share their powerful and highly advanced trading tools with their users. The platform belongs to the best free stock screeners and gives traders of all levels the chance to benefit from the latest technology achievements.

TradingView focuses a lot on charting and technical analysis. Many investors look solely for this because they are still trading based on technical analysis and thus prefer a technical analysis stock screener.

The free version of TradingView comes with basic functionalities and delayed data but is good enough to get a good impression of the features of the platform. TradingView is a good starting point for trading beginners with a limited budget and moderate demands.

It also supports extended trading hours details like premarket and after hours market data and comes with various scrips and indicators for the premarket session like premarket volume profile and premarket support and resistance levels.

TradingView can be used as Html-based version with any browser. In addition, the TradingView stock screener app is available for iOS and Android.

Highlights

  • Solid HTML5-technology
  • Extensive charting functionalities
  • Broad coverage with 60 worldwide exchanges

Discount

For extensive information on TradingView, see the detailed TradingView Review.


7. Seeking Alpha – Best Quant Stock Rating Screener App

seeking alpha find top stocks

Seeking Alpha is one of the best stock screeners and surprises with simplicity but also advanced features like quant ratings, pre-configured screeners and SEC-filings access.

Users can scan for fundamental data details such as ratings, company financials, earnings, dividends, valuations, growth metrics, and profitability, and can compare companies against peers and use the implemented charting capabilities for visualization.

The amount of historical data is remarkable, and the combination of insightful analysis, extensive articles and various rank metrics make Seeking Alpha an excellent choice for investors and swing traders. In addition, the web-based tool has exceptional strengths in stock research, convinces with clever features like the well-performing quant ratings and brokerage account linking, and comes with an easy-to-understand user interface.

Highlights

  • Extensive stock research capabilities
  • 14-day free trial available
  • 50% discount offer for daytradingz.com readers

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8. TC2000 – Best Stock Screening Software

tc2000 software

TC2000 is an all-in-one trading platform with extensive charting capabilities, built-in option strategies, integrated paper accounts, and various stock screener and scanner functionalities.

TC2000 has been going strong for more than 30 years now, and it is available as a platform for Windows, Mac, Mobile, and as a browser version.

The newly released version 20 comes with multiple scanner improvements.

  • The new premarket mode with the Pre Buzz column helps determine which stocks see unusual activity in the premarket.
  • Another excellent scanner functionality is the historical scan results tool, where you can go back in time to see what stocks hit the scanner with the defined criteria.
  • Version 20 enables users to choose your preferred refresh interval with choices ranging from real-time to hourly updates.

Highlights

  • Version 20 improved significantly
  • All-in-one trading platform with extensive charting capabilities
  • Options charting with historical bid/ask data
  • Integrated paper trading account and trading journal feature

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9. Hammerstone Markets – Best Stock News Scanner

hammerstone markets

Let’s say you are using Trade Ideas as your favorite day trading stock screener. Trade Ideas notifies you when a move happens right now. In addition to this, Hammerstone Markets can answer the question if the movement is caused by a meaningful catalyst that unfolds enough potential to let the stock move further.

Hammerstone is also a powerful tool for traders solely focusing on news. In most cases, news cause stock price momentum. Knowing the news as one of the first helps to get an edge in the market. The tool is mainly used by institutions and hedge funds, but they created a new product for day traders, and it is one of the fastest news sources I have ever seen.

Highlights

  • Ultra-fast news feed
  • 100% focused on newsfeed speed
  • Used for decades by institutions
  • Low-cost version for day traders available

Discount

Read the in-depth Hammerstone Markets review for more details.


10. Finviz – Best Free Stock Screener

finviz

Finviz belongs to the best free stock screeners and is also available as a pro-version called Finviz Elite. I used the free Finviz screener long before I started using Trade Ideas. But the stock market scanner has only limited capabilities for day traders needs.

The free Finviz version is a good one to scan the overall market conditions with EOD details but without real time data. The features and functionalities of the free version come close to the one of the Yahoo Finance stock screener. Finviz is a great stock market scanner to scan for technical screening criteria or company fundamentals, but it is not made for day traders.

Technical and fundamental swing and position traders will enjoy the free functionalities Finviz provides. In addition, Finviz Premium stock screener features like real-time data, the advanced charting platform, data filters, a backtest engine and advanced Finviz stock screener settings make the search much more efficient.

Highlights

  • Fast engine with proper fundamental filter criteria
  • Historical data can be downloaded
  • Free version for fundamental screening is available, but with ad-placements

Discount

Read the in-depth Finviz Review to learn more about all features.


Best Stock Screeners Summary

The best stock screener for day trading is Trade Ideas. The tool is unbeaten and being used by some of the most successful day traders. Also, institutions use their proprietary artificial intelligence based algorithms, and I have used this stock scanner for over ten years now. Trade Ideas has just everything that a day trader could need. A fast scanner, excellent support, education, backtesting functionalities, a free trading room, automated trading and much more for a reasonable price. Trade Ideas is the best paid stock screener.

Black Box Stocks is a newer player in the field, and they grow fast. It is great to scan for penny stocks, options contracts and the best-performing stocks of the day. In addition, traders can use it to find their investment niche by thinking outside the box of stock trading and further analyzing the options market.

As the top 10 list shows, different type of tools out there unfold their power in specific investment styles. Penny stock traders need another stock scanner than fundamental analysts. If you need 10 years of historical data for 650+ financial metrics that you can analyze and compare with a mouse click and crunch in MS Excel, then you need Stock Rover.

For news trading, the low-cost news feed Hammerstone Talks by Hammerstone Markets is the best way to go, while tools like Benzinga Pro and TrendSpider are generalists.

Take your time and test the tools until you find the best one for your investment style.

Pro Tip: All my favorite stock screeners have a free trial or a refund offer. I check the discount links every week, and they are working. For some discounts, it is enough to use the link in this article. Sometimes you need to click on the link and use the mentioned discount code.

Guide

Using stock screeners enables investors to identify the best possible investment strategy and trading or investing style. The multitude of scanning capabilities for various fundamental and technical metrics, company’s financial indicators, economic indicators, chart patterns and technical indicators can help to make the investment process more powerful and efficient.

Most stock screeners are focused on U.S. stock exchanges, while others support Canadian stock markets or international stocks like XETRA in Germany or the NSE in India. Basic charting with chart drawing tools, fundamental and technical filters like trading volume and dividend yield are often included in free stock screeners. In contrast, features like pre market data, multiple filters and advanced stock screens often require a paid subscription.

Stock screeners work beneficially in primarily two ways for stock investors. First, investors who know what they are searching for just use the filters of a tool to scan for stocks and use the stock chart for visual confirmation.

Second, stock screeners can be used for complex data analysis to identify the best possible trading strategies and trading opportunities. That can be done by using the often integrated backtest capabilities of a stock scanner.

The question of wheater to use a free stock screener or a paid stock screener primarily depends on the type of investment philosophy. Day trading stocks is different from traditional investing. It makes a whole difference about the focus a tool should have. Real time intraday data is more expansive than end-of-day data. A web-based platform to screen stocks is often cheaper than a software solution.

Free tools and free trials are typically the best way to get started. Only testing multiple tools allows for the best possible conclusion. The price paid for a stock screener should also be in the right ratio to the overall investment budget.

Best stock screener criteria for day trading

The best stock screener criteria for day trading are mainly influenced by the prerequisites for successful day trading. Low spread between the bid and ask and high trading volume enables day traders to execute their orders fast and with low to no slippage.

That’s why most day traders consider a low bid-ask spread and high relative volume two of the main criteria. In addition, the position in today’s range or the previous day range is often considered a helpful indicator to evaluate support and resistance zones.

Furthermore, the price per share is a key filter element. Stocks below $5 are considered penny stocks, while most day traders prefer trading stocks from $5 to $20.

Best stock screener criteria for swing trading

The best stock screener criteria for swing trading focus on the end-of-day data and typically include technical indicators like trading volume, Fibonacci retracements, and indicators like volume weighted average price. In addition, fundamental data is often used to analyze longer-term swing trades to ensure that the company fundamentals align with the overall sentiment.

The benefit of this type of scan is that free versions of tools allow for this type of stock screening without paying any money for it. Filters like market cap, earnings per share, and the earnings date are frequently used by investors.

In addition, automated position size calculators can be used to determine the number of shares to be traded if a specific amount of money should be invested. The tool then calculates the number of shares by dividing the investment amount by the current share price.

Stock Screener Day Trading Swing Trading
Trade Ideas
Black Box Stocks
Seeking Alpha
Benzinga Pro
Stock Rover
TradingView
TC2000
TrendSpider
Hammerstone
Finviz

FAQ

What is a stock screener?

A stock screener is a valuable trading and investment tool that shows a list of scan results depending on the selected criteria. Swing traders and position traders widely use stock screeners. Day traders prefer real-time tick-data-based intraday scanners. Gap scans and premarket scans are two of the most popular scanners.

What is the best stock screener?

Trade Ideas is the best stock screener for day trading, followed by Black Box Stocks. Next, seeking Alpha and Stock Rover has the best investment research tools, while Hammerstone Talks and Benzinga Pro are the best news feed apps. The article explains all tools in detail and enables readers to make a well-informed decision when subscribing to a stock screener.

How to build your own stock screener?

Building your own stock screener is possible by using existing tools in the industry. Each stock screener is customized based on user preferences and trading styles. Alternatively, it is possible to build a separate stock screener by using Microsoft Excell in connection with a trading API.

How do you use stock screeners?

To use a screener, open the stock scanner platform of your choice. Now, filter the relevant financial instruments by defining your variables, like price, volume, and fundamental data. Then, rinse and repeat until the results meet your expectations and save the screener settings.

What is the best free stock screener?

The best free stock screener is Finviz. The free version allows investors to scan the market based on technical analysis filters and fundamental data parameters. It is also a great idea to use a free trial for paid stock screeners and compare the results. In many cases, an upgrade from a free stock screener with delayed data to a paid version with real-time data is worth the cost.

Updated: July 23, 2022

About the author: Alexander is the founder of daytradingz.com and has 20 years of experience in the financial markets. He aims to make trading and investing easy to understand for everybody, and has been quoted on Benzinga, Business Insider and GOBankingRates.