Ready to dive into the powerful world of Webull's stock screener and unlock a hidden gem: float? You're in the right place! Adding float to your Webull screener can significantly enhance your ability to identify promising stocks, whether you're a day trader, swing trader, or long-term investor. Let's get started on this journey to supercharge your stock analysis!
Unlocking Deeper Insights: How to Add Float to Your Webull Screener
Float, or "public float," represents the number of shares a company has available for trading in the open market. It excludes restricted shares, insider holdings, and shares held by controlling shareholders. Why is this important? A stock with a low float can be more volatile and experience larger price swings on less volume, potentially offering higher returns (and higher risk!). Conversely, a high float stock tends to be more stable but might offer smaller, more gradual gains. Understanding float is crucial for developing a well-rounded trading strategy.
This comprehensive guide will walk you through, step-by-step, how to customize your Webull screener to include the float metric, empowering you to make more informed trading decisions.
Step 1: Accessing the Webull Screener – Your Launchpad to Discovery
First things first, let's get you to the Webull screener. This is where the magic begins!
Open the Webull App or Desktop Platform: Whether you're on your mobile device or desktop, launch the Webull application.
Locate the "Markets" Tab: On the mobile app, you'll typically find this at the bottom of your screen. On the desktop platform, it's usually on the left-hand side or top navigation bar. Click on "Markets" to proceed.
Find the "Screener" Option: Within the "Markets" section, you'll see various tools like "Hot," "Gainers," "Losers," and so on. Look for "Screener" or "Stock Screener" and tap or click on it.
Congratulations! You've successfully navigated to the Webull stock screener. Now, let's start customizing.
Step 2: Navigating the Screener Interface – Your Control Panel
Once you're in the screener, you'll see a default set of criteria. Our goal is to add "Float" to this list.
Identify Existing Filters: Take a moment to familiarize yourself with the filters already present. These might include things like "Market Cap," "Price," "Volume," etc.
Locate the "Add Filter" or "Customize" Button: Webull's interface is generally intuitive. Look for a button that says "Add Filter," "Customize," or a plus sign (+) icon. This is your gateway to adding new screening parameters. This button is crucial for expanding your screening capabilities.
Step 3: Searching for "Float" – The Key to Your New Insight
Now, for the main event: finding and adding "Float."
Click on "Add Filter" / "Customize": Once you click this button, a new window or panel will typically appear, presenting a list of available screening metrics.
Utilize the Search Bar: To quickly find "Float," look for a search bar within this new window. Type "Float" into the search bar.
Select "Float" from the Results: As you type, "Float" (or sometimes "Public Float" or "Shares Outstanding (Float)") should appear in the search results. Click on "Float" to select it.
You might also be able to browse through categories like "Fundamentals" or "Financials" to find "Float" if you prefer not to use the search bar.
Step 4: Configuring Your Float Criteria – Defining Your Sweet Spot
Once "Float" is added, you'll need to define the specific range you're interested in. This is where you tailor the screener to your particular trading strategy.
Locate the "Float" Filter: After selecting it, "Float" will now appear in your list of active filters.
Set Your Desired Range: Next to the "Float" filter, you'll usually see options to set a minimum and maximum value.
For Low Float Stocks: If you're looking for highly volatile stocks with potential for rapid price movements, you'll want to set a low maximum float. For example, you might set a range of 0 to 100 million or even 0 to 50 million for very low float stocks.
For High Float Stocks: If you prefer more stable, less volatile stocks, you might set a high minimum float, perhaps above 500 million or 1 billion.
Consider Your Strategy: The ideal float range depends entirely on your trading strategy and risk tolerance. Experiment with different ranges to see what kind of stocks they generate.
Confirm Your Selection: After setting your desired float range, ensure you confirm or apply the changes. This might be a "Done," "Apply," or "Confirm" button.
Step 5: Combining Float with Other Filters – Crafting Powerful Strategies
Adding float on its own is a great start, but its true power lies in combining it with other filters to create highly specific and effective screening strategies.
Add Other Relevant Filters: Think about what other criteria are important to your trading. Some popular combinations include:
Volume: Combine low float with high daily volume to identify stocks that are actively being traded and have the potential for significant price action.
Price: Filter by price range (e.g., under $10, between $20 and $50) to align with your investment budget.
Market Cap: Combine with market capitalization to focus on small-cap, mid-cap, or large-cap stocks.
Industry/Sector: Narrow down your search to specific industries that you follow or understand well.
Technical Indicators: Webull also offers a plethora of technical indicators like RSI, MACD, Moving Averages, etc. Incorporate these to find stocks exhibiting specific technical setups.
Refine Your Filters: As you add more filters, observe the number of results. If you have too few, you might be too restrictive. If you have too many, you might need to add more specific criteria. It's an iterative process of refinement.
Save Your Screener (Highly Recommended!): Once you've created a screener you're happy with, save it! This will save you a lot of time in the future. Look for a "Save" or "Save Custom Screener" option. Give it a descriptive name like "Low Float Momentum Plays" or "Stable High Float Gems."
Step 6: Running and Analyzing Your Results – Unleashing the Data
Now that your screener is configured, it's time to put it to work!
Run the Screener: With all your filters set, click the "Run," "Scan," or "Search" button. Webull will then process your criteria and present a list of stocks that match.
Review the Results: Carefully examine the list of stocks generated.
Check Float Values: Verify that the float values for the listed stocks fall within your specified range.
Analyze Other Metrics: Look at other key metrics like volume, price action, news, and charts for each stock.
Deep Dive into Promising Candidates: For stocks that look particularly interesting, click on them to view their detailed quotes, charts, news, and financials. This is where you conduct your fundamental and technical analysis.
Remember: a screener is a starting point, not the end of your research. It helps you efficiently identify potential opportunities that then require further due diligence.
Step 7: Continuous Optimization – Evolving Your Strategy
The market is constantly changing, and so should your screening strategies.
Adjust Filters Regularly: As market conditions evolve, revisit your saved screeners. You might need to adjust float ranges, volume requirements, or add new technical indicators.
Experiment with New Combinations: Don't be afraid to try new combinations of filters. You might discover hidden gems by thinking outside the box.
Learn from Your Trades: After making trades based on your screener results, analyze their performance. Did your low-float strategy work well? Did the high-float stocks behave as expected? Use these insights to refine your future screening criteria.
Stay Informed: Keep up with market news and trends. This will help you understand which metrics are most relevant at any given time.
By diligently following these steps and continuously refining your approach, you'll become a master of the Webull screener, leveraging the power of "Float" to make more informed and potentially profitable trading decisions.
10 Related FAQ Questions:
How to customize Webull stock screener filters?
To customize Webull stock screener filters, navigate to the "Screener" section, click on "Add Filter" or "Customize," and then select from the list of available criteria, setting your desired ranges.
How to save a custom stock screener on Webull?
To save a custom stock screener on Webull, after setting all your desired filters, look for a "Save" or "Save Custom Screener" button, typically located at the top or bottom of the screener interface, and then give it a descriptive name.
How to reset Webull screener to default settings?
To reset Webull screener to default settings, look for a "Reset" or "Clear All" button within the screener interface. This will remove all custom filters and revert to the original settings.
How to find low float stocks on Webull?
To find low float stocks on Webull, go to the screener, add the "Float" filter, and set the maximum value to a relatively low number (e.g., 50 million or 100 million shares).
How to add multiple criteria to Webull screener?
To add multiple criteria to Webull screener, repeatedly click the "Add Filter" or "Customize" button and select each desired metric one by one, setting their respective ranges.
How to use technical indicators in Webull screener?
To use technical indicators in Webull screener, access the "Add Filter" section, search for specific indicators like "RSI," "MACD," or "Moving Average," and then configure their parameters (e.g., RSI overbought/oversold levels).
How to filter stocks by volume on Webull screener?
To filter stocks by volume on Webull screener, add the "Volume" filter and set a minimum daily average volume to identify actively traded stocks.
How to find penny stocks on Webull screener?
To find penny stocks on Webull screener, add the "Price" filter and set the maximum price to a low value (e.g., less than $5 or $10) to target lower-priced equities.
How to create a watchlist from Webull screener results?
To create a watchlist from Webull screener results, after running your screener, you can usually select multiple stocks from the results and then choose an option to "Add to Watchlist" or "Create New Watchlist."
How to interpret float values in stock analysis?
To interpret float values in stock analysis, understand that a lower float often indicates higher volatility and potential for larger price swings, while a higher float suggests more stability and liquidity, with less dramatic price movements.
