4 of the Best Free Stock Screeners for Day Trading

Use these screeners to find the day trading stock you're looking for.

Day traders use stock screeners to narrow the list of available stocks (thousands) to a small list of equities that possess the day trading characteristics they're looking for. This is done by applying filters to all the stocks on the US exchanges. Only stocks that pass the filters will be shown on the stock screener list. Popular filters include volume, chart patterns, price, volatility, recent performance and hundreds of others.

Here are four great, and free, stock screeners.

StockFetcher.com

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Type your own search criteria to find exactly the stocks you want. StockFetcher.com

StockFetcher will take some getting used to, but once you get the hang of it, it's one of the most powerful stock screeners available. This is because you create your own stock screens. Type in (using a specific format) exactly what you want the stock screener to search for. This means nearly infinite filters and parameters are possible.

The free version of StockFetcher allows to you see five stocks from the stock screener search results. When day trading, this is usually sufficient for finding a couple high-quality day trading stocks. The upgraded version of StockFetcher, which allows you to see all the search results, is $8.95/month.

An example of how to use the StockFetcher screener is provided in Find Day Trading Stocks with the Biggest Moves Using These Filters.

Finviz.com

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Find the stock(s) you are looking for using loads of available criteria. Finviz.com

Use Finviz to reduce the US equity market down to a handful of only best day trading stocks using thousands of potential filter combinations.

The site is easy to use; click the Sceener tab and start adding criteria from the drop-down menus. There are three major sections from which you can add criteria: Descriptive, Fundamental and Technical

Once you've added some criteria, you'll get a list of stocks that match those criteria. Change the information you see on these stocks by adjusting the view. There are 14 views to choose from, including Overview, Valuation, Financial, Performance, Technical, Charts, and News. Change the view and sort by information type (columns) to see the top or bottom ranked stocks on your list. 

Finviz is free, using delayed data. This will typically suffice if you run your stock screens at night in search of trade candidates for the next day. If you want real-time data, so you can search for stocks on the move in real-time, you'll need to upgrade to Finviz Elite. It includes a lot of additional features and costs $39.50/month (cheaper if paid yearly).

ChartMill.com

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Use standard and proprietary criteria to search for stocks meeting certain specifications or trade setups. ChartMill.com

ChartMill gives you the option of finding day trading stocks based on criteria, such as volume, price, technical indicator, candlestick patterns or performance. Additional screening criteria include ChartMill's proprietary filters: Pocket Pivots, Squeeze Plays and Trend Intensity, among others.

Like Finviz, the stock screener is easy to use and best of all it's free. The site works on a credit system. You get 6,000 free credits each month, which accumulate if you don't use them. Running the scanner will cost you a couple hundred credits (approximately), so the 6,000 monthly credits should allow most users to utilize the site frequently without having to pay for additional credits. You can buy credits in blocks of 10,000 ($10), or upgrade to unlimited usage for $29.97/month (cheaper if paid yearly).

StockRover.com

StockRover as a day trading stock screener
StockRover.com

StockRover is a popular screener for US and Canadian stocks. While it has loads of fundamental filters, it also has a lot of technical and performance-based filters which can be used by day traders as well.

Quickly find stocks that are near highs or lows for various time frames, or that are showing a lot of price momentum (up or down). Track which stocks are being bought and sold by popular hedge funds, and create custom screens, watchlists and portfolios. StockRover also allows for backtesting and creating equations (combining multiple filters into a mathematical equation to further fine tune results).

Loads of functions are available to all users, although paid users have access to additional features such as equations, data exporting, additional filters, portfolio analytics and alerts. A paid subscription is $249.99 per year.

 

Maximizing the Effectiveness of Stock Screeners

stock screeners for day traders
Getty Images/ wsfurlan

As a day trader it's very easy to get caught up in constant research and trying to find the latest stock poised for a big move. While this can be effective, usually it just results in burnout and poor performance because the move has already happened by the time you find out about it. Instead, utilize these stock screeners each night, or even just once on the weekend, to find a handful stocks which are suitable for day trading. Then, focus on only day trading one or two (or possibly three) of them during the next trading session or week. This approach requires much less time, and since you're only watching one or two stocks, you're poised and ready for when moves happen.

Try out these four stock screeners, see which one you like the best, or use them all. Finviz and ChartMill are easy to use, and for most day traders the free versions will suffice. StockFetcher is a more advanced stock screener. It will take some time to learn, but is top of the line for finding stocks based on truly personalized criteria. StockRover is more focused on fundamental data, but has some excellent screening options for finding momentum stocks. It also has a pleasing layout where you can research almost everything there is to know about a stock from one page.