How to Use Finviz: A Comprehensive Guide (Updated For 2024)

Learn how to harness the power of Finviz, a versatile stock screener, to streamline your stock trading and investment strategies. Discover its key features, step-by-step usage guide, and how it can benefit traders and investors.

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In the vast and dynamic world of stock trading, having access to powerful tools can make all the difference between success and frustration. One such tool that has gained popularity among traders and investors is Finviz — a versatile and feature-rich stock screener. In this guide, we’ll walk you through the basics of using Finviz and how you can leverage its capabilities to your advantage in the stock market.

Understanding Finviz

Finviz, short for “Financial Visualization,” is a comprehensive online platform that offers a wide range of financial analysis tools, including a stock screener. Whether you’re a seasoned trader or a novice investor, Finviz provides valuable insights and data to help you make informed decisions in the stock market.

Getting Started

To begin using Finviz, simply visit their website {HERE} and navigate to the “Screener” tab located at the top of the page. Here, you’ll find three main categories: Descriptive, Fundamental, and Technical. Each category allows you to filter stocks based on specific criteria that match your trading or investing strategy.

1. Descriptive Criteria

The Descriptive category includes basic criteria such as market capitalization, earnings dates, industry, sector, and volume. These filters help you narrow down your search and focus on stocks that meet your preferred characteristics.

2. Fundamental Criteria

The Fundamental category caters to those who prefer analyzing stocks based on fundamental metrics such as P/E ratio, gross margin, debt/equity ratio, and payout ratio. This section is ideal for investors looking to add stocks to their portfolios based on factors like dividend payouts or growth potential.

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3. Technical Criteria

The Technical category is designed for traders interested in analyzing stocks based on technical indicators and patterns. Here, you can filter stocks based on criteria such as moving averages, RSI (Relative Strength Index), candlestick patterns, and more. Technical traders can use these filters to identify potential entry and exit points for their trades.

Benefits of Using the Screener

The Finviz screener offers several benefits, including the ability to narrow down stocks based on your specific criteria quickly. You can further refine your search using secondary tabs such as “Overview,” “Valuation,” and “Financial” to focus on key financial metrics that matter to you.

Utilizing Finviz’s Elite Subscription

While the majority of Finviz’s features are free to use, some advanced criteria and tools are available only to Elite subscribers. The Elite subscription, priced at $24.96 per month, provides access to real-time data, backtesting options, alerts, and advanced screener options. For serious traders and investors, the Elite subscription may be worth the investment.

Step-by-Step Guide

Let’s walk through an example of how to use Finviz’s screener:

Step 1: Layout Your Criteria

• Define the criteria you want to use to filter stocks. For example, you might set criteria for the 200-day moving average, RSI, pattern, and candlestick.
• You can also include descriptive filters such as market capitalization to narrow down your search further.

Step 2: Technical Analysis

• Once the screener generates a list of stocks based on your criteria, perform your technical analysis to confirm the trade idea.
• Use charting tools on Finviz or platforms like TradingView to analyze key technical indicators, support/resistance levels, volume trends, and more.

Step 3: Execute Your Trade

• Finally, based on your analysis, decide whether to trade the stock, invest in it for the long term, or explore options trading opportunities.
• Consider factors such as risk tolerance, capital requirements, and potential returns when making your decision.

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Conclusion:

In conclusion, Finviz is a powerful tool that can help traders and investors identify potential trading opportunities in the stock market. By leveraging its comprehensive screener and analysis tools, you can streamline your research process and make more informed decisions. Whether you’re looking for short-term trades or long-term investments, Finviz provides the resources you need to succeed in today’s competitive market landscape.