Free Stock Screeners -- The Best 3 Reviewed. // finviz screener and more David Moadel
welcome to looking at the markets with David Modell it's time for a stock
screener roundup now for this video first of all I am only bringing you free
stock screeners that was my first test all right because I looked at like 10 or
12 different stock screeners but I'm only giving you the free ones because I
want to save you money ok so that's my first test is it free my second test for
stock screeners today is could it do two things
besides being free I wanted to find a stock screener that could do two things
I wanted to search for stocks that are large-cap meaning market cap of ten
billion dollars or more alright so large cap ten billion market cap or more and I
wanted stocks where the RSI that's the relative strength index is below 30
so it's oversold or cheap relatively cheap all right so I really wanted three
things I wanted it to be free I wanted it to be able to find large cap stocks
with a market cap above ten billion dollars and I wanted them to be fairly
cheap I wanted them to have an RSI below 30 or oversold I don't think I was
asking for too much to search criteria and free alright and I out of all the
stock screeners out there and I looked at over a dozen of them and only three
of them could do all those things so here they are here's the first one that
passed all of my tests market chameleon market chameleon and I'll put the link
to this website in the description below this video and so if you go to market
chameleon dot-com and you click on screeners and this one was actually the
easiest to use you just click on screeners and right there on one screen
I was able to do it I went down to the attributes column and
I did market cap over ten billion dollars so that's considered large cap
and then under the technical column 14-day RSI below 30 which is considered
oversold there you go I did that already and it gave me 71 results
and I see some well-known names here I see Baidu and I think I saw Ford
yeah there's Ford alright and I see some other names that maybe you haven't heard
of it as much all right but they're all large-cap and they're all oversold
according to the RSI alright so this one was the easiest to use I would say
that's market chameleon I like it and then another one this is the one I use
the most often just because I've been using it for a long time it's fin vis fi
n viz you might have heard of heard of this one
and I clicked on you go to fin viscom and you click on screener
this one's it takes a little bit longer because I had to go to two different
screens alright first I went to the descriptive there are some tabs here for
tabs and some advertisements and I clicked on the descriptive tab and then
I went to market cap and large over ten billion dollars and then I went to the
technical tab and I went to RSI 14 and oversold 30 there you go and here's
what's weird it gave me besides advertisements it
gave me 30 results hmm interesting and there's Ford again and there's Baidu
again so we have some stocks in common but isn't it interesting how market
chameleon with the same search criteria gave me 71 results and Phineas gave me
30 so which one do you trust I don't know just try them out all right and
then the third one that I found that fits all of my criteria is this is one
you might not have heard of wall mine wall mine wal lmin e.com wall mine com I
tried it out it took this one was probably the toughest for me to figure
out so I clicked on screeners and then I went to fundamentals and I clicked on it
and there it is above ten billion dollars market cap and then I went down
down down to technical indicators there it is RSI and oversold so I already did
that and look at this a hundred and fifty three results one hundred and
fifty three companies isn't that interesting and then you
click on the hundred and fifty three or however many results there are and here
they are there's Baidu again let's see if we can find Ford there it is a
hundred and fifty three results from wall mine calm thirty results from Finn
vis and market chameleon gives me 71 results all with the exact same search
criteria why I don't know you'd have to ask them results very what can I tell
you but those are the only three that passed all of my tests but what's the
lesson here is you have to make decisions for yourself don't just trust
any stock screener they're all giving me different results you have to think for
yourself you have to make your own decision have your own plan plan your
trades trade your plan know what you're doing and at the end of the day you have
to make the final decisions now I can help you though my name is David Modell
I hope you found this video helpful and you might want to try out these stock
screeners links will be in the description below this video and if
you'd like some help putting together a trading or investing plan I can help you
to do that because you got to have a plan otherwise you don't know where
you're going you don't know what you're doing and you're probably headed for
disaster so you can email me anytime at David Modell at gmail.com if you liked
the video found it useful please give this a thumbs up on YouTube and leave a
comment tell me about stock screeners that you like what's your favorite one
maybe you don't have a favorite one that's okay and please subscribe to my
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updates on my financial educational videos alright thanks a lot I appreciate
it I'll talk to you again soon
you