Financial markets are constantly changing, and it can be difficult to stay up. Luckily, some great tools can help you stay on top of things. One of those tools is Finviz.
This blog post will show you how to use Finviz to find breakout stocks. Stay tuned!
Overview of Finviz
Finviz is a financial visualization platform that provides real-time data and market analysis. It’s an online stock screener that allows you to filter stocks by various criteria. You can use the screener to find stocks that meet your investment criteria. The screener is free to use, and there is no need to register.
One of the most valuable features of Finviz is the Finviz screener settings. It allows you to filter stocks by various criteria, such as price, volume, market cap, P/E ratio, etc.
You can also set up custom filters.
For example, you could create a filter that only shows stocks that have increased in price by more than 5% over the past week.
How Can I Use Finviz to Find Breakout Stocks?
Now that you know a bit of the Finviz screener let’s look at how to use it to find breakout stocks. Here are the steps:
- Go to finviz.com and create an account.
- Click on the “Screener” tab at the top of the page.
- Select the “Technical” tab.
- Choose your desired filters from the list. For example, you could filter for stocks that are trading above their 200-day moving averages and have positive price momentum.
- Click “Show” to see the results of your filter.
- Review the results and look for stocks that look like they are about to break out.
- Do your research on the stocks you’ve found and decide whether or not to invest.
The Benefits of Using Finviz to Find Breakout Stocks
There are a few benefits of using Finviz to find breakout stocks. Here are a few of them:
Easy to use
The Finviz screener is easy to use, and you can quickly filter stocks by various criteria.
Reliable Data
Finviz uses reliable data sources, so you can be confident that the information you’re getting is accurate.
Wide Range of Features
It offers a wide range of features, including stock screening, charts, heatmaps, etc.
Comprehensive
Finviz offers a wide range of features, including stock screening, charts, heatmaps, etc. This makes it a comprehensive resource for financial market analysis.
Free to Use
It offers a free basic account that gives you access to most of its features. If you want to upgrade to a premium account, you can do so for a reasonable price.
Customizable
You can customize the filters to suit your own needs. It allows you to focus on the most likely stocks to meet your investment criteria.
Fast
The results are displayed quickly, so you can easily find stocks about to breakout.
As you can see, there are several benefits to using Finviz to find breakout stocks. Finviz is a perfect pick if you’re seeking a comprehensive resource for financial market analysis.
Tips for Using Finviz to Find Breakout Stocks
Here are a few tips to help you get the most out of Finviz:
- Be sure to select the “Technical” tab when setting up your filters. It will ensure that you only see stocks with positive price momentum.
- Take a look at the charts for the stocks you’re interested in. This will give you a better idea of how the stock has been performing and whether or not it is likely to break out.
- Do your research on the stocks that you’ve found. It is vital because no tool is perfect, and you need to make sure that you’re comfortable with the risks before investing.
- Be sure to set up your Finviz account so that you can save your filters. This will save you time in the future, making it easy to find stocks that meet your investment criteria.
- Review the results of your filter regularly. It will help you stay up-to-date on the latest breakout stocks.
Final Thoughts
Finviz is an excellent tool for finding breakout stocks. It’s easy to use, it’s packed with features, and it’s free to use. If you’re looking for a way to find stocks about to breakout, Finviz is an excellent option.
Follow the tips above to get the most out of the tool. And remember, always do your research before investing in any stock.
