Market Screener

Manually researching and analyzing stocks can be time-consuming.You might miss out on potential trading opportunities without a systematic way to identify them. One of the most systematic ways to find your desired stocks is through

Stock Screeners.

The stock screener of AfterPullback is a powerful tool to filter and sort stocks based on specific criteria. These criteria can include various financial metrics, technical indicators, and other relevant data points. The primary purpose of a stock screener is to help users quickly identify stocks that meet their predefined conditions, making the process of finding potential investment opportunities more efficient and effective.

Why Stock Screeners are Important for Your Trading Decisions?

• Efficient Analysis: You want to concentrate on undervalued stocks? Use a screener to filter out stocks with a P/E ratio above 30, for example, leaving you with a manageable list of potentially undervalued stocks to analyze further. The Screeners enable you to analyze a large number of stocks quickly. By filtering out irrelevant stocks, you can concentrate your analysis on a smaller, more relevant subset, improving your efficiency.

• Precision in Stock Selection: Aiming to focus on stocks that exhibit strong upward momentum? Use a screener to filter for stocks trading within 2% above their 200-day Simple Moving Average (SMA), for instance. This precision enables you to concentrate on stocks that align with your momentum trading strategy. Did you notice how easily it streamlines your research process and enhance your overall trading effectiveness.

• Customization: Every trader has his or her own trading strategies. Screeners allow you to customize based on your unique trading strategies. If you want to focus on a growth strategy, you can customize filters such as revenue growth rate above 20% and earnings growth rate above 15%. Alternatively, if you want to focus on a value strategy, you can customize filters such as a price-to-earnings (P/E) ratio below 15 and a price-to-book (P/B) ratio below 1.5. This flexibility allows you to adapt to changing market conditions and refine your stock selection process.

• Consistency in Trading: By using screeners, you can maintain consistency in your stock selection process. This helps you develop a systematic trading approach, reducing emotional biases and improving overall trading discipline.

• Alert Systems: Screeners at AfterPullback come with alert systems that notify you when stocks meet your criteria. This real-time information allows you to act promptly on trading opportunities.

How to Use Stock Screener in AfterPullback?

Step 1: Define Your Screener Filters

Start by accessing the Screener feature within AfterPullback. Navigate to the three main sections: Technicals, Pattern Detections, and Fundamentals. Choose and combine filters from these sections to tailor your screener:

1. Technical Filters: Based on technical analysis indicators, these filters allow you to screen stocks based on various technical metrics like moving averages, volume, and price patterns. For example, you might use a filter to find stocks trading near their 200-day Simple Moving Average (SMA). The SMA is a popular technical indicator used to identify the overall trend direction. Stocks trading slightly above or below this long-term average are considered as having potential for significant price movement.

2. Pattern Detection Filters: No Need to manually scan for price charts to find price action patterns. Pattern Detection Filters in AfterPullback screen for specific price action patterns that stocks exhibit. Using the filters for patterns like head and shoulders, cup and handle, or bullish and bearish channels, you can identify stocks that are currently displaying these technical patterns, which might indicate potential future price movements.

3. Fundamental Filters: These filters are based on financial data and ratios derived from a company's financial statements. They help in screening stocks based on their underlying financial health and valuation. For instance, you could filter stocks based on their price-to-earnings (P/E) ratio, debt-to-equity ratio, or revenue growth rate.

Step 2: Run or Save Your Screener

After setting up the filters, you can either run the screener immediately to generate a list of stocks that meet your criteria or save the screener for future use. Saved screeners are stored in the "My Screeners" section, allowing you to quickly apply them without re-entering all the filters.

Step 3: Setup Alerts and Act on your Screener Results

After running the screener, you will see a list of stocks that meet your defined criteria. This list will include relevant information based on the filters you applied, such as stock prices, moving averages, pattern detections, and fundamental data. You can further analyze these results to make informed trading decisions.

For better monitoring, set up alerts to receive emails with screenshots of the screening results.

Bonus Step: Combine with Scanners

Additionally, you can combine the screener with a scanner for more precise analysis:

1. Define a strategy and launch a scanner based on specific technical conditions.

2. Assign the scanner to the screener you created, ensuring the scanner runs only on stocks meeting the screener’s criteria.

3. Receive email alerts with screenshots of the scanning results for further analysis.

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