The financial markets are vast, and finding the right investment opportunities can feel like searching for a needle in a haystack. This is where a powerful tool like the Webull stock screener comes into play. It empowers you to filter through thousands of stocks based on criteria that matter to you, helping you uncover hidden gems or validate your investment hypotheses.
Are you ready to transform the way you identify potential trades and investments? Let's dive deep into setting up and mastering the Webull screener!
Step 1: Accessing the Webull Screener – Let's Get Started!
Before we even begin filtering, you need to know where to find this powerful tool. Are you using the Webull desktop platform, or are you more of a mobile trader? Webull offers robust screening capabilities on both, though the interface might vary slightly.
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| How To Set Up Webull Screener |
On the Webull Desktop Application:
Open your Webull desktop application. If you don't have it installed, you can download it from the official Webull website.
Once logged in, look for the "Screener" tab. It's usually located in the top menu bar or in the sidebar on the left, depending on your customized layout. Click on it.
You'll likely be greeted with a default screener page or a prompt to create a new one.
On the Webull Mobile Application:
Launch the Webull app on your smartphone or tablet.
Tap on the "Markets" tab, usually found at the bottom of the screen.
Within the Markets section, look for "Screener" or "Stock Screener." It might be presented as an icon or a text link. Tap on it to open the screener interface.
Congratulations! You've successfully navigated to the Webull Screener. Now, let's begin customizing it to fit your unique investment strategy!
Step 2: Understanding the Basic Layout and Pre-Set Screeners
Webull's screener is designed to be both powerful and intuitive. Before building your own, it's helpful to familiarize yourself with what's already there.
The "All Markets" and "Screener" Tabs
Upon opening the screener, you'll typically see options to select different markets (e.g., US Stocks, Hong Kong Stocks, etc.). Ensure you have US Stocks selected if you're looking for equities traded on American exchanges. Adjacent to this, you'll find the main "Screener" tab where all the magic happens.
Exploring Pre-Set Screeners
Webull provides a variety of pre-set screeners to give you a head start. These are excellent for learning how different criteria combine to yield specific results. You might find categories like:
Top Gainers/Losers: Shows stocks with the highest percentage price increase or decrease.
Most Active: Displays stocks with the highest trading volume.
New 52-Week High/Low: Identifies stocks reaching significant price levels.
Specific Themes: Webull often includes screeners for growth stocks, value stocks, dividend stocks, or even meme stocks, which can be a fun way to explore.
Take a moment to click through a few of these pre-set screeners. Observe the filters they use and the types of companies that appear in the results. This will give you a better understanding of how different criteria impact the outcome.
Step 3: Crafting Your Custom Screener – The Heart of the Process
This is where you truly take control. Building a custom screener allows you to define exactly what you're looking for in a stock.
Adding Filters: The Building Blocks of Your Screener
Tip: Read in a quiet space for focus.
Look for a button or section typically labeled "Add Filter," "Customize Filters," or a plus (+) icon. Clicking this will open a vast menu of filtering options, categorized for ease of use.
A. Market Filters: Defining Your Universe
These filters narrow down the broad market to your preferred segments.
Exchange: Do you only want stocks traded on the NASDAQ or NYSE? Or perhaps you're interested in all US exchanges?
Market Cap: This is crucial.
Small-Cap (e.g., $300 million to $2 billion): Often higher growth potential but also higher risk.
Mid-Cap (e.g., $2 billion to $10 billion): A balance of growth and stability.
Large-Cap (e.g., over $10 billion): Typically more established companies, often seen as safer investments.
Industry/Sector: If you have a specific industry in mind (e.g., Technology, Healthcare, Energy), you can filter for it here. This is great for sector rotation strategies.
Price Range: Set a minimum and maximum price for the stocks you want to see. This is particularly useful for identifying penny stocks (often defined as those trading under $5 per share, though definitions vary).
B. Fundamental Filters: Unveiling a Company's Health
Fundamentals tell you about a company's financial well-being and business operations.
P/E Ratio (Price-to-Earnings Ratio): A common valuation metric. A low P/E might suggest an undervalued stock, while a high P/E could indicate strong growth expectations.
EPS (Earnings Per Share): How much profit a company generates per share of its stock. You can filter for positive EPS or growth in EPS.
Revenue Growth: Look for companies increasing their sales over time. You might want to specify a percentage growth over a certain period (e.g., YoY, QoQ).
Profit Margin: The percentage of revenue that turns into profit. Higher margins often indicate a more efficient business.
Dividend Yield: If you're an income investor, this is key. Filter for stocks that pay dividends and meet your desired yield percentage.
Debt-to-Equity Ratio: Helps assess a company's leverage. A lower ratio generally indicates less risk.
ROE (Return on Equity): How efficiently a company generates profits from its shareholders' investments. A higher ROE is generally desirable.
Cash Flow: Positive and growing cash flow is a sign of financial health.
C. Technical Filters: Analyzing Price and Volume Action
Technical indicators help you understand market sentiment and price trends.
Volume: Crucial for identifying liquidity. You can set minimum daily volume to avoid illiquid stocks.
Average Daily Volume is often more reliable than single-day volume.
Price Change (%): Filter for stocks that have moved up or down a certain percentage in a given timeframe (e.g., 1-day, 5-day, 1-month).
Moving Averages (MA): These are very popular. You can screen for stocks where:
The current price is above its 50-day MA (indicating an uptrend).
The 50-day MA is above the 200-day MA (a "golden cross," often seen as bullish).
The price is touching or crossing a specific MA.
RSI (Relative Strength Index): A momentum oscillator.
RSI below 30 often suggests an oversold condition (potential bounce).
RSI above 70 often suggests an overbought condition (potential pullback).
MACD (Moving Average Convergence Divergence): A trend-following momentum indicator. You can screen for bullish or bearish crossovers.
Bollinger Bands: Can help identify volatility and overextended price movements. Look for stocks trading near the upper or lower bands.
ATR (Average True Range): Measures volatility. Useful for identifying stocks with a certain level of price movement.
D. News & Event Filters: Staying Ahead of the Curve
While not strictly "screener" filters in the traditional sense, Webull often integrates news and event-based filtering. You might be able to filter for:
Upcoming Earnings: Find companies with earnings reports due soon.
Analyst Ratings: Look for recent upgrades or downgrades from analysts.
Company News: Filter for stocks with recent significant news releases.
Step 4: Refining Your Criteria and Running the Screener
Once you've added your desired filters, it's time to fine-tune them.
Adjusting Parameter Values
Each filter you add will have adjustable parameters. For example:
For "Market Cap," you'll have a slider or input fields for minimum and maximum values.
For "Price Change (%)", you'll specify the percentage and timeframe.
For "P/E Ratio", you'll enter a range.
Be precise with your values. A small adjustment can significantly change your results.
Using "AND" and "OR" Logic
This is crucial for building powerful screeners:
"AND": When you use "AND" between filters, all selected conditions must be met for a stock to appear in the results. This creates a more restrictive and targeted search. For example: "Market Cap > $1B AND P/E < 20 AND Price > 50-day MA."
"OR": When you use "OR", at least one of the selected conditions must be met. This expands your search. For example: "Price Change (1 Day) > 5% OR Volume > 5M."
Webull's interface typically makes it clear whether you're adding an "AND" or "OR" condition. Experiment with both to see how your results change!
Reminder: Short breaks can improve focus.
Running the Screener
After setting all your filters, look for a prominent button like "Run Screener," "Search," or "Apply Filters." Click it, and Webull will process your request and display the list of stocks that meet all your criteria.
Step 5: Analyzing the Results and Iterating
Once your screener runs, you'll see a list of stocks. This isn't the end of the process; it's just the beginning!
Reviewing the Output
Webull presents the results in a clear table format, often with customizable columns. You can usually sort the results by various metrics (e.g., market cap, price, volume, P/E ratio) by clicking on the column headers.
Look for patterns: Are certain industries dominating the list? Are all the stocks in a similar price range?
Quick scan: Skim through the list to get a general feel for the types of companies that meet your criteria.
Deeper Dive into Promising Candidates
For stocks that catch your eye, click on them to open their detailed quote page. Here, you can perform further analysis:
View Charts: Examine historical price action, apply more technical indicators, and draw trendlines.
Check Fundamentals: Review financial statements (income statement, balance sheet, cash flow), analyst ratings, and news.
Read News and Filings: Understand recent developments that might be impacting the stock.
Add to Watchlist: If a stock looks promising but you're not ready to commit, add it to a dedicated watchlist for continued monitoring.
Iteration and Refinement
Your first screener might not yield perfect results. This is completely normal. The key is to iterate and refine.
Too many results? Go back and add more filters or make your existing filters more restrictive. For instance, instead of "P/E < 30," try "P/E < 20."
Too few results? Loosen some filters or remove less critical ones. Perhaps your volume requirement is too high, or your price range is too narrow.
Unexpected results? Re-evaluate your objectives. Did you truly define what you're looking for? Are your filter values appropriate for your goals?
Step 6: Saving and Managing Your Screeners
Once you've built a screener that consistently provides valuable results, save it! This prevents you from having to recreate it every time.
Saving Your Custom Screener
Look for a "Save" or "Save Screener" button. You'll usually be prompted to give your screener a descriptive name (e.g., "Growth Stocks under $50," "Dividend Aristocrats," "Momentum Play").
Accessing Saved Screeners
Your saved screeners will typically appear in a list alongside Webull's pre-set screeners, making them easy to access whenever you need them.
Tip: Take mental snapshots of important details.
Setting Up Alerts (If Available)
Some advanced screener platforms allow you to set up alerts based on your screener results. While Webull's screener itself might not have direct integration for screener-based alerts, you can manually set alerts for individual stocks that appear in your screener results. For example, if a stock meets your criteria and you want to be notified if its price drops to a certain level, you can set a price alert on that specific stock.
Step 7: Advanced Screener Tips and Strategies
To truly master the Webull screener, consider these advanced approaches:
Combining Fundamental and Technical Analysis
The most powerful screeners often blend both fundamental and technical criteria. For example, you might look for:
Companies with strong revenue growth (fundamental)
That are currently in an uptrend (technical), perhaps indicated by price above its 200-day MA.
And are not yet overbought (technical), with an RSI below 70.
Utilizing Pre-Market and After-Hours Data
Webull provides pre-market and after-hours data. While the screener might primarily focus on regular trading hours, you can often find "Top Gainers/Losers" specific to extended hours. For more in-depth extended-hours screening, you might need to adjust your timeframe filters or use pre-set gainers/losers lists specifically for pre-market and after-hours trading.
Screening for Specific Trading Styles
Day Trading: Focus on high volume, high volatility, and short-term price movements.
Swing Trading: Look for stocks showing momentum shifts, breakouts, or pullbacks to support levels.
Long-Term Investing: Emphasize strong fundamentals, consistent growth, and perhaps dividend yield.
Exploring Custom Indicators (If Applicable)
While Webull's built-in indicators are extensive, some platforms allow for custom indicator creation within their screeners. Check if Webull offers this functionality for even more tailored screening.
Frequently Asked Questions (FAQs)
Here are 10 common questions about using the Webull screener, along with quick answers:
How to filter for penny stocks on Webull's screener?
To filter for penny stocks, go to the "Price" filter and set the maximum price to your definition of a penny stock (e.g., $5 or $1). You can also add a minimum volume filter to ensure liquidity.
Tip: Reread tricky sentences for clarity.
How to find highly volatile stocks using the Webull screener?
Use technical filters like "Average True Range (ATR)" or "Daily Price Change (%)" and set a minimum value for these to identify stocks with significant daily price swings.
How to screen for dividend-paying stocks on Webull?
Look for the "Dividend Yield" filter under fundamental criteria and set a minimum percentage (e.g., > 2% or > 3%) to find stocks that pay dividends.
How to identify growth stocks using Webull's screener?
Use fundamental filters such as "Revenue Growth (YoY/QoQ)," "EPS Growth," and "Return on Equity (ROE)" and set minimum percentages for these to find companies with strong growth metrics.
How to save a custom screener on Webull?
After setting up your desired filters, look for a "Save" or "Save Screener" button, usually located near the top of the screener interface. Give your screener a memorable name.
How to reset all filters in the Webull screener?
Look for a "Clear All" or "Reset Filters" button, which will remove all applied criteria and revert the screener to its default state.
How to use technical indicators like RSI or MACD in the Webull screener?
Navigate to the "Technical" filters section and select "RSI" or "MACD." You can then set parameters like "RSI < 30" (oversold) or "MACD Crosses Above Signal Line" (bullish signal).
How to find stocks with high trading volume on Webull?
Add the "Volume" or "Average Daily Volume" filter and set a high minimum value (e.g., > 1,000,000 shares) to filter for highly liquid stocks.
How to screen for stocks with upcoming earnings reports on Webull?
While not a direct screener filter, you can often find a "Calendar" or "Earnings" section within the Webull platform where you can filter for upcoming earnings announcements.
How to integrate screener results with my Webull watchlist?
Once your screener generates results, you can click on individual stocks and typically find an option to "Add to Watchlist" directly from their detailed quote page. There isn't usually a bulk export feature from the screener to a watchlist.
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