The alphascanner is unlike any stock scanning tool available. Designed for active traders and longer term investors, the intelligent tools allow you to find the stock candidates that make most sense for your style, whether it is technical analysis, fundamental analysis or a combination of the two. No other scanning tool gives you the ability to scan the market on up to three different timeframes (weekly, daily and intraday) simultaneously.
The heart of the logic of Alphascanner lies in the four stages of market cycles; Stage 1-Accumulation, Stage 2-Markup, Stage 3-Distribution and Stage 4-Decline. Knowing which stage a stock is in allows you to always trade in the direction of the primary trend.
THE FOUR QUADRANTS
The Quadrants page within Alphascanner is packed with ideas. These quadrants are populated by our proprietary algorithms which categorize stocks based on market structure. In quadrant one, you will find the top 50 Stage 2 Bullish Stocks, these stocks are often big movers to the upside so it is the perfect place for bullish traders to seek out opportunities. The second quadrant is where you will access the top 50 top ranked Stage 4 bearish stocks, perfect for when your analysis points to a lower market. If neutral (Stage 1 & 3) stocks are up your alley, the third quadrant is where you will spend your time, these stocks are either consolidating gains or stabilizing after a decline. For the active day trader, the Volatile quadrant contains the top 50 ranked stocks based on big volume and big volatility, these stocks can move quickly so the risks are high, but so is the potential for quick profits. It is important to understand that the stocks in each quadrant are not meant to indicate the stock in the first position is the best candidate or that number 50 on the list is least likely to continue its trend, their placing scoring is based on a proprietary blend of trend and liquidity factors.
Thumbnail charts are viewable by "hovering" your mouse over a symbol.
Click the symbol to see the stock trends with five different time periods.
The candlestick charts show price, volume and a simple moving average. For the 2 year timeframe, the stock is represented by weekly candles with a 40 week (approximately 200 day) moving average. The 9 month and 3 month timeframes show daily data with a 50 day moving average. The 5 and 10 day charts show the stock with 15 minute candles and a 5 day moving average. All charts are updated at the end of each trading day.
In order to refine your search to find the most suitable and timely stocks for your criteria, each of the four primary stages is further broken into three different sub-stages. The easy to use "slider" allows you to isolate stocks in the primary and sub stages of your interest. This deeper level of filtering lets you identify the strongest trends or the ones that may be tiring and near a reversal point. In addition to screening of stages, the Alphascanner also allows you to further refine your search by choosing; price range, average daily volume (based on 20 day average) and exchange. Fundamental valuation tools allow you to combine stage analysis with; Price/Earnings ratio, dividend yield, short interest ratio, the beta of a stock, price/book ratio and earnings date. Finding the right trade setups has never been easier! You decide what you are looking for and the Alphascanner does the work which allows you to focus on the trade process.
Below is an example of a simple bullish scan.
You can see that the scan yielded 158 stocks and the results can be viewed on the screen or easily exported to an Excel spreadsheet. The results are initially shown with the symbol and name of the company along with; last close price, weekly, daily and intraday stage identification, 20 day average volume, dividend yield, beta, next earnings date and short interest ratio.
By clicking on the "secondary tab" further information is shown (below) for the stock. The data fields presented here are Price/Earnings (PE) Ratio, market capitalization category (small, mid or large), short interest as a percentage of float, percentage of shares held by insiders and institutions, debt to equity ratio, price to book value ration and last dividend yield. All of the data fields are further sortable by clicking on the column header.
The third tab "charts" will bring up a thumbnail chart for each of the results. There are 30 thumbnails per page and you can click on the chart for more in-depth technical analysis capability on five different timeframes.
The final subscriber tab "Chart Grid" allows you to input your own symbols for viewing.
Thank you for taking a look at this resource, we hope it meets your stock screening needs and desires. Any questions about the service should be directed to email@example.com