Have you ever felt overwhelmed by the sheer number of stocks available in the market? Thousands of companies, each with its own story, its own set of financials, and its own potential. Trying to find the "next big thing" or a solid long-term investment amidst this sea of data can feel like searching for a needle in a haystack.
But what if you had a powerful magnet that could quickly pull out the most promising needles, based on your specific criteria? That's precisely what a stock screener does, and Webull's screener is a fantastic tool to help you navigate the markets with precision.
This lengthy guide will walk you through, step-by-step, how to harness the full power of the Webull screener, turning you from a bewildered beginner into a confident stock-finding pro!
Unlocking Market Opportunities: Your Guide to the Webull Screener
The Webull stock screener is a robust tool designed to help you filter through thousands of stocks and ETFs based on a wide array of fundamental, technical, and descriptive criteria. Whether you're a value investor, a growth seeker, a dividend enthusiast, or a technical trader, the Webull screener can be customized to identify opportunities that align with your unique investment strategy.
Step 1: Accessing the Webull Screener – Let's Get Started!
First things first, you need to know where to find this powerful tool!
For Desktop Users:
Open your Webull desktop application.
Look for the "Screener" or "Markets" tab, usually found on the left-hand side or top menu bar. Clicking this will typically take you directly to the screener interface.
Alternatively, you might find it under a "Tools" or "Discover" section. Don't worry if it's not immediately obvious; a quick scan of the interface usually reveals it.
For Mobile App Users:
Open the Webull mobile app on your smartphone or tablet.
Tap on the "Markets" icon, often located at the bottom of the screen.
Within the Markets section, you'll likely see a "Screener" option. Tap on it to open the screener interface.
Engage with me! Have you found the screener yet? Take a moment to locate it and familiarize yourself with its initial layout. Notice any pre-set screens or basic filters? Share your initial thoughts in your head – are you excited to explore its potential?
Step 2: Understanding the Screener Interface – Your Command Center
Once you're in the screener, you'll see a primary interface that's typically divided into a few key areas:
Filter/Criteria Panel: This is where you'll define your search parameters. It usually lists categories of filters such as "Market," "Fundamental," "Technical," and "Industry."
Results Panel: This area displays the stocks that match your selected criteria. As you add or modify filters, this list will update in real-time.
Saved Screens/Pre-set Screens: Webull often provides a selection of pre-defined screens (e.g., "Top Gainers," "High Dividend Yield," "Under $5 Stocks"). You can also save your own custom screens here for future use.
Step 3: Setting Your Market and Basic Filters – Broad Strokes First
Before diving into the nitty-gritty, it's good practice to set some foundational filters.
Market/Region:
Select your desired market: This is crucial. Are you looking for stocks on the NYSE, NASDAQ, or other international exchanges? Webull allows you to specify. This is often the first filter you'll see.
Example: If you're only interested in U.S. stocks, ensure "United States" or specific U.S. exchanges are selected.
Stock Type:
You can typically filter for "Stocks," "ETFs," or both. If you have a preference, select it here.
Market Capitalization (Market Cap):
This filter helps you narrow down companies by their size.
Large-Cap: Often more stable, established companies.
Mid-Cap: Growth potential, but with some established presence.
Small-Cap/Micro-Cap: Higher growth potential but also higher risk and volatility.
You can usually choose from predefined ranges (e.g., "$10 Billion+", "$2 Billion - $10 Billion") or enter a custom range.
Step 4: Leveraging Fundamental Filters – Uncovering Value and Growth
This is where you start digging into the company's financial health and performance. Webull offers a comprehensive range of fundamental filters.
Valuation Ratios:
P/E Ratio (Price-to-Earnings Ratio): A lower P/E might indicate an undervalued stock, while a higher one suggests growth expectations. You can set a maximum or a range.
Example: "P/E Ratio < 20" to find potentially undervalued companies.
PEG Ratio (Price/Earnings to Growth Ratio): Considers growth into the P/E. A PEG ratio under 1 is often considered good.
P/B Ratio (Price-to-Book Ratio): Compares a company's market price to its book value.
Dividend Yield: If you're seeking income, filter for stocks with a certain dividend yield percentage.
Example: "Dividend Yield > 3%" for income-generating stocks.
Profitability and Growth:
Revenue Growth Rate: How fast is the company's sales increasing?
Net Income Growth Rate: How fast is the company's profit increasing?
EPS (Earnings Per Share) Growth Rate: Similar to net income growth but on a per-share basis.
Profit Margin: How much profit a company makes for every dollar of revenue.
ROE (Return on Equity): How efficiently a company is using shareholders' investments to generate profits.
ROA (Return on Assets): How efficiently a company is using its assets to generate earnings.
Financial Health:
Debt-to-Equity Ratio: Indicates how much debt a company is using to finance its assets relative to the value of shareholders' equity. Lower is generally better.
Current Ratio: Measures a company's ability to pay short-term obligations. Higher is generally better.
Step 5: Implementing Technical Filters – Spotting Trading Opportunities
Technical analysis filters are essential for traders looking for specific price patterns, momentum, or support/resistance levels.
Price Performance:
52-Week High/Low: Filter for stocks nearing their 52-week high (momentum) or low (potential bounce).
Percentage Change (Daily, Weekly, Monthly, YTD): Find top gainers or losers over specific periods.
Example: "Today's Change % > 5%" to find stocks that have had a strong day.
Price: Filter for stocks within a specific price range (e.g., penny stocks).
Volume:
Average Daily Volume: Identify liquid stocks that are easy to buy and sell without significant price impact.
Current Volume: See which stocks are experiencing unusually high trading activity.
Moving Averages:
Price above/below Simple Moving Average (SMA) or Exponential Moving Average (EMA): Useful for identifying trends. For instance, "Price > 50-day SMA" suggests an uptrend.
Moving Average Crossover: Some screeners allow you to find "golden crosses" (short-term MA crosses above long-term MA) or "death crosses" (short-term MA crosses below long-term MA).
Oscillators/Indicators:
RSI (Relative Strength Index): Identify overbought or oversold conditions.
Example: "RSI < 30" for potentially oversold stocks.
MACD (Moving Average Convergence Divergence): Look for momentum shifts.
Bollinger Bands: Identify volatility and potential price reversals.
Step 6: Adding Descriptive and Industry Filters – Niche Down Your Search
These filters help you narrow down your search based on specific categories or sectors.
Industry/Sector:
If you have a particular interest, such as "Technology," "Healthcare," or "Financials," you can select these. This is great for sector-specific plays.
Exchange:
While you might have set this broadly in Step 3, you can refine it further here if needed (e.g., only NASDAQ stocks).
Country:
Similar to exchange, if you're looking at international markets, this filter is essential.
Step 7: Saving and Managing Your Custom Screens – Your Personalized Arsenal
Once you've crafted a powerful set of filters, you'll want to save it!
Saving Your Screen:
Look for a "Save" or "Save Screen" button, usually near the top of the screener interface.
Give your screen a descriptive name (e.g., "Growth Stocks Low P/E," "High Dividend Tech"). This makes it easy to find later.
Loading Saved Screens:
Next time you open the screener, you can simply load your saved screen instead of re-entering all the criteria. This is a massive time-saver.
Modifying Existing Screens:
You can always load a saved screen, make adjustments to the filters, and then either save it as a new screen or update the existing one.
Step 8: Analyzing the Results – From List to Insights
Once your screener runs, you'll get a list of stocks. Don't just pick the first one!
Review the Results:
Sort by different columns: You can usually click on column headers (e.g., "Price," "Market Cap," "Daily Change") to sort the results. This helps you quickly identify trends or outliers.
Quick Glance at Key Metrics: Even without clicking on individual stocks, the results table will show you vital information at a glance.
Deep Dive into Promising Stocks:
Click on individual stocks from the results list. This will take you to their detailed quote pages, where you can:
View charts: Analyze price action, apply technical indicators.
Check fundamentals: Review income statements, balance sheets, and cash flow.
Read news and analysis: Stay updated on company-specific developments.
Add to Watchlist: If a stock looks promising but you're not ready to commit, add it to a dedicated watchlist for further monitoring.
Iterate and Refine:
If your results list is too long, consider adding more stringent filters.
If it's too short (or empty), try loosening some of your criteria. The screener is an iterative tool – experiment to find your sweet spot.
FAQ: How to Use the Webull Screener – Quick Answers
Here are 10 common "How to" questions about using the Webull screener, with concise answers:
How to find the Webull stock screener?
On desktop, look for "Screener" or "Markets" in the left-hand menu. On mobile, tap "Markets" at the bottom, then look for "Screener."
How to create a custom stock screen on Webull?
Navigate to the Screener, add your desired fundamental, technical, and descriptive filters, and then click the "Save" button to name and store your screen.
How to filter stocks by market capitalization on Webull?
In the Screener, look for a "Market Cap" filter under fundamental or descriptive categories. You can usually select predefined ranges or set a custom range.
How to find high dividend yield stocks using the Webull screener?
Add a "Dividend Yield" filter (often under fundamental criteria) and set your minimum desired percentage (e.g., "Dividend Yield > 3%").
How to identify oversold stocks with the Webull screener?
Use the "RSI" (Relative Strength Index) technical filter and set the maximum value to a low number, such as "RSI < 30."
How to search for stocks under a certain price on Webull?
Add a "Price" filter (under technical or descriptive) and set the maximum value (e.g., "Price < $5" for penny stocks).
How to save a stock screen for future use on Webull?
After setting your filters, click the "Save" button, usually found at the top of the screener interface, and provide a unique name for your screen.
How to compare stocks found by the Webull screener?
From the results list, click on individual stocks to open their detailed quote pages. You can then use Webull's charting and analysis tools to compare their performance and fundamentals.
How to reset the Webull screener filters?
Look for a "Clear All" or "Reset" button within the screener interface, which will remove all applied filters and return to default settings.
How to find the most active stocks on Webull?
While Webull often has a "Most Active" list built-in, you can create a custom screen by adding a "Volume" filter (e.g., "Average Daily Volume > 1,000,000") and sorting the results by current volume.
