How to Find the Best Trending Stocks for Swing Trading with FinViz
Traders are always on the lookout for the best rending stocks on a daily and weekly basis.
One way to identify the hot stocks that will move the best is to use a stock screener.
We did an amazing introduction to our favorite three stock screeners.
This is a great place to start before moving forward, so you can choose which screener is best for your trading needs.
The Best Stock Screeners Introduction
Our favorite stock screeners for finding the best trending stocks are:
You can watch the YouTube video below for a full explanation and review of each.
In the next section we are going to take a look at just FinViz, and how to screen for the best trending stocks.
The Best Trending Stocks Screener
Financial visualizations or FinViz for short has a very powerful and free stock screener.
You can visit the FinViz screener by clicking here >
There are three different filter categories to use:
Our favorite weekly screener for swing trading to find the best trending stocks is:
- Market cap (over 2 BN).
- Volatility (week – over 5%).
- Price > 20 SMA by 20% +.
- RSI Overbought (80) or Oversold (20).
- Pattern (Double Top/Bottom, Triple Top/Bottom, any reversal patterns).
- Candle patterns that show the reversal.
Important note when using FinViz Screen
Now it’s important to note at this point that you will very rarely find any results with all of these filters in FinViz Screen. And you are able to find more FinViz features on the dashboard.
You will need to adjust the criteria on a weekly basis to find at least 5 to 10 stocks, but not too many. Keep adding filters until you get to a list of no more than 10 stocks.
These can be put together into a weekly watch list called “weekly trending stocks”.
But how do you know what trading strategy to use or when?
This is what our Swing Trader education package and daily stock market newsletters are for.
FinViz Stock Market Fundamental Analysis
FinViz is a reliable stock screening platform that has a plethora of different tools. They’ve got tools for all market participants from investors to traders. Fundamental analysis components, technical analysis components, a combination and more. You can use FinViz to plug in the criteria you are looking for in a stock. This is an extremely sought after product considering what is happening in the stock market right now. Stock markets are crashing from all-time highs, many of which have officially entered a bear market. Finviz allows all market participants to look for value in assets and stocks. The stock screener can give you strong investment ideas to buy this downside when it starts to show signs of recovery for longterm investments. A lot of stocks have been overvalued for some time and they still remain at those levels even with a lot of this downside. A lot of people are waiting to start buying into the stock market and they can do so efficiently with the use of Finviz. Find undervalued stocks in April 2020 or even later on Finviz for potential longterm plays with the use of the fundamental tool. For those traders out there you can find short opportunities on Finviz using the technical analysis tool into March 2020.
The Best Trending Stocks Screener – Conclusion
Using screeners you can identify a hot list of the best trending stocks on a weekly basis.
Once you narrow down your focus to just a few, you can really focus on getting the timing right throughout the week.
Weekends are when you should do all your analysis and planning. During the week you are focusing on finding the right timing to qualify a trade and execute your entry.
We teach you the entire approach to swing trading with options and how to choose the best trading strategy in each and every market condition.
If you want to join with us in our live trading room, Check This Out.
If you prefer to trade more passively, check out our newsletter, trade ideas and live analysis in the Elite Trader package here > for Free News Update Click here.
The information contained in this post is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. TRADEPRO Academy is not responsible for any liabilities arising as a result of your market involvement or individual trade activities.