Wed. Jun 12th, 2024

Introduction

tradingview is a popular online platform that offers a wide range of tools for traders and investors. One of the most powerful features it provides is the stock screener, which allows users to filter and analyze stocks based on various criteria. In this article, we will guide you on how to use TradingView’s stock screener and specifically focus on finding stocks that are at their 52-week high.

Using TradingView’s Stock Screener

1. Open TradingView’s website and sign up for an account if you haven’t already done so. It’s free to create an account and offers additional benefits.

2. Navigate to the stock screener page by clicking on the “Screener” tab in the top menu.

3. Once you’re on the stock screener page, you’ll see a variety of filters and parameters that you can use to narrow down your search. These include market, sector, country, exchange, and many other criteria.

4. To find stocks at their 52-week high, scroll down to the “Price and Volume” section. Here, you can set the “52-week range” filter to “High” and enter the desired value.

5. You can further refine your search by applying additional filters such as market capitalization, volume, earnings, and more. These filters help you identify stocks that meet your specific criteria.

6. After setting your filters, click on the “Scan” button to perform the stock screener search. TradingView will display a list of stocks that meet your specified criteria.

Benefits of Identifying 52-Week High Stocks

– Momentum indicator: Stocks that are at their 52-week high are often considered to have strong momentum. This means that the stock’s price has been steadily increasing over the past year, which indicates positive market sentiment and potential for further growth.

– Positive News: Stocks reaching their 52-week high can attract attention from investors and the media. Companies experiencing positive developments, such as strong financial results or new product launches, are more likely to see their stock price reach new highs. Identifying these stocks can help you stay ahead of the curve and align your investments with positive market sentiment.

– Trend trading: Many traders employ trend-following strategies, which involve buying stocks that are in an uptrend. The 52-week high is often used as an indicator of a stock’s current trend. By identifying stocks at their 52-week high, you can potentially ride the trend and benefit from further price appreciation.

Conclusion

TradingView’s stock screener is a valuable tool for traders and investors looking to identify stocks that meet specific criteria. By utilizing the screener’s filters and specifically targeting stocks at their 52-week high, you can identify securities with strong momentum and potential for further growth. Remember to conduct further research and analysis before making any investment decisions. Happy trading!

By admin