Learn How to Use a Technical Stock Screener

Learn How to Use a Technical Stock Screener

Technical analysis is a technique deploying the analysis of stock prices to predict the future performance of a particular stock by studying its past performance. In other words, it is a method of forecasting stock prices by looking at conditions, such as volume and price movements. By studying a stock’s price pattern, technical analysts believe they might be able to also predict future market trends. The technical analysis of stocks is also known as stock screener & is a method of sorting through stocks to get to the ones that match your trading strategy.

Fundamental Analysis

In stock trading, the fundamental analysis involves studying a company’s financials, such as its balance sheet, income statement, and cash flow statement. Fundamental analysts try to view stocks based on the underlying value of the company’s business. Fundamental analysis can be used to predict overall market trends as well as individual stock prices.

Trading Strategies

The trading strategies involved in technical analysis are usually based on spotting price patterns, such as head and shoulders, double tops and bottoms, triangles, wedges and flags. By studying these patterns, traders gain insight into possible price movements and can use this information when making trades.

Candlestick Patterns

Candlestick patterns are graphical representations of stock prices on stock charts. They are recognized by their shape and can be used to identify potential reversals in market trends. By looking at the shape, traders can get an idea of where the price of the stock is headed next.

Spotting Trends

To be successful with stock trading it is essential to be able to spot and follow trends. By looking for stocks that are trending in a particular direction, traders can make informed trading decisions. This can be done by looking at moving averages, which provide a visual representation of the price action of a particular stock over a given period of time.

Stock Selection

Stock selection involves researching individual stocks in detail to determine which may be most suitable for trading. This involves looking at metrics like market capitalization, debt-equity ratio, earnings, and other metrics. Traders use this information to select stocks that fit their trading strategies.

Stochastic Indicators

Stochastic indicators, or oscillators, are used to identify overbought and oversold stock prices. They are based on the concept that the high point of a stock’s price tends to be followed by a drop, while the low point of a stock’s price tends to precede a rise in price. By studying these indicators, traders can make more informed trading decisions.

Moving Averages

Moving averages are used to identify trends in the price action of a particular stock. The moving average is calculated by taking the average price over a specified period of time, such as 10 days or 30 days. By looking at a stock’s moving average, traders can identify potential entry and exit points.

MarketXLS

Many investors and traders use technical analysis and stock screener to make decisions on what stocks to buy and sell. This can be a difficult and time-consuming process, but with MarketXLS, the process of stock screening and analysis is streamlined and automated. MarketXLS offers a wide range of features, including technical analysis, fundamental analysis, and stock screener. With MarketXLS traders can analyze large data sets and quickly find stocks that are suited for their trading strategies. By utilizing the MarketXLS platform, traders can save time, make smarter decisions, and maximize their returns. Read more about Information Asymmetry in financial markets here. Check out the MarketXLS Features Showcase to learn more about MarketXLS.

Here are some templates that you can use to create your own models

Kirkpatrick Value Screen
Kirkpatrick Growth Screen

Search for all Templates here: https://marketxls.com/templates/

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