Today, I’ll show you what is the best stock screener for 52-week high.
Momentum traders and trend followers look for stocks with a strong uptrend. However, they need tools to scan the market to find those securities.
The best stock screener for 52-week high includes the following list.
- Johndeotools – Free stock Analyzer
These are some of my personal favorites based on the features, but I enjoy investing.com the best.
In these up trend stock screeners, you can find high momentum stocks in the market faster to follow the trend.
From the examples below, a 52-week high breakout strategy is easy to find because stock screeners are available.
Well, someone can earn consistent income with momentum stocks at the highs.
I found that 52-week high screener is one of the best stock screeners.
What is a 52-week high for stocks?
According to Investopedia, a 52-week high is the highest price the stock has traded during the previous year.
Most traders and investors consider this price level essential to determine the value of the security. It is a healthy resistance level where profit-taking takes place.
However, when there is a fundamental catalyst, the stock can easily breakout to the upside.
What does 52-week high mean?
If the price is near the 52-week high, you can consider the stock to be on a strong uptrend.
There are several ways to enter and exit at this level.
For example, traders buy when the price is above the 52-week high and sell below it. However, you shouldn’t do that.
When buying stocks at 52-week highs, you are at risk of a false breakout because the stock may not have a catalyst.
In that area on the price chart, you probably will put your stops below the high to reduce your risk.
However, the market will run the stops and then move right back up in the trend’s direction.
Have you experienced that before?
Well, I enjoy buying the stock below the 52-week high to expect a breakout. I have found that this method is better.
If you want to know why I don’t do that, you can read it below.
How do you identify a stock’s 52-week high?
In my 52-week high trading strategy, you can use a stock screener, chart, or investing.com free tool to find signals.
Well, I have shared my strategy on this website to give details about my system.
The above 52-week high is 233.47.
How to find 52-week high stocks?
Well, you can use either Jondeotools Free Stock Analyzer, Investing.com or Amibroker stock screener in the stock market to scan for shares near the 52-week high.
Well, in the United States, you can try FINVIZ as well.
Well, I use them all when I’m trading to check the result of the screeners.
Johndeotools – Free Stock Analyzer
I created the Johndeotools free stock analyzer to scan the world’s stock markets to help a lot of traders.
You can use the 52-week-high change and put -20% to find stocks near the high.
Just go to the tool and select historical performance to use the best screener.
In this 52-week high stocks today, you can scan stocks near the highest price in the last 12 months to set breakout or anticipation trades.
The supported markets are:
- Toronto Stock Exchange
- LSE (London Stock Exchange)
- ASX (Australian Stock Exchange)
- Frankfurt Stock Exchange
- Amsterdam Stock Exchange
- OMX Stockholm
- OMX Helsinki
- Oslo Stock Exchange
- SIX (Swiss Stock Exchange)
- SGX (Singapore Stock Exchange)
- HSE (Hong-Kong Stock Exchange)
- Bursa Malaysia
In this world stock screener, I have included 17 stock exchanges for now to reduce the server load.
I hope I can add additional stock exchanges, but I can only provide a few because the server may crash.
In this top 52-week high stocks, you can scan stocks near the high of the previous year to find profitable trading setups.
Also, I can find stocks 20% below the 52 weeks high every day to select the best trades.
Well, I will add more features in the future.
You can also view the average volume to see if the move has buying power.
Investing.com Stock screener
Investing.com’s free 52-week high stock screener is straight forward. It includes almost all stocks in the world.
The supported stock exchanges are the Americas, Europe, Asia/Pacific, Middle East, and Africa.
From its features, this stock breakout screener is also reliable.
One can select the country you want, and the screener will scan the stock market immediately.
You will see stocks near 52 weeks high from live data to find some trading opportunities.
In the example above, I selected the United States, and I can see all stocks that are near the 52-week high.
You can see a lot of stocks, and it would confuse which ones to buy.
In this 52-week high stock screener, I can sort the stocks based on the performance to rank the most top gainers.
Now, I can buy the best-performing stocks. I can see that SINTX has grown up to 1750.00% within one year.
Something must have happened in the stock, and we can ride its momentum.
However, what if you want to see stocks 20% below the 52-week high?
Well, I have written that post which you can find on the home page of this website.
You can read about it, and the title of the article is “buy signal.”
In this 52-week high breakout strategy, I don’t buy at the breakout because I want to avoid fake outs.
I have added price to sales in that post to filter expensive stocks.
You can use more financial ratios to reduce the list so that you can select the best one to buy.
Well, I use investing.com for my long-term trading. For short-term, I have Amibroker instead.
For trend followers, they like to buy stronger ones.
However, be careful in your selection of stocks, because some stocks are already at the peak.
You should not buy at the top, and you can do that by analyzing the charts.
Amibroker is my favorite not only for screening 52-week high stocks.
The AFL language is easy to use, and you can code it even without prior knowledge.
Go to YouTube and look for free tutorials.
However, you’ve to find a reliable trading strategy to code correctly.
Here’s the code to search for stocks near a 52-week high.
wk52h=Ref(HHV(High,252); // get the 52 week high near52=wk52h*.8; //find all stocks within 20% below the high. filter=near52; //get all stocks that are near 52wk high.
The first line will get the highest price in the previous 52 weeks. Next, I will set up the screener to find stocks that are within 20% below it.
I have a question for you. Is it better to buy before, or after the breakout?
Well, I will do my best to explain why avoid the acquisition of stocks after the break.
Why? You might ask me!
When I started my trading career, I bought a lot of stocks after the breakout.
Guess what happened?
I lost a lot of money because most it failed, and some hit my stop then went right back up.
Had I bought below the 52-week high, I would have earned some amounts.
So I asked myself, what can I do to avoid false breakouts and whipsaws?
The only way you can learn stock trading is through experience.
What if I buy a stock within 20% below of the 52-week high?
What if I sell when the price is over 30% below the high?
Everything has turned out great after I changed my strategy.
Traders may believe that it is good to buy during the breakout, but it is the other way around.
That’s what they have called, “Fear of Missing Out or FOMO.”
The fear that you cannot take the opportunity can break your trading account.
You have learned about 52-week high stock screener above, but you can’t really on one parameter.
Find the reason behind why the stock shows strong momentum because if there is no fundamental catalyst, you should not buy the stock.
Breakouts attract a lot of traders, and if you are not careful, you could be just buying another false breakout.
In this stock catalyst screener, investing.com can help you find the reason the stock has strong momentum.
I use the following financial ratios to find the catalyst of the stock:
- PE Ratio
- Price to Book
- Current Ratio
- Price to Sales Ratio
- Average Volume
- Earnings Per Share Growth
If you want to know more, you’ll have to search for our website and read the post I wrote earlier. The title is, “What fundamental analysis do you use?”
You can combine the above financial ratios to find the reason for the recent rise of the stock.
For example, if the price to sales ratio is over 10, you already know that the stock is expensive.
If you want to know why you can go to the home page and look for the post, “Buy Signal.”
Well, I have explained it in that article everything I know about the price to sales ratio.
Earnings per share growth are also significant in trading to know if the company is growing. However, many traders do not use it.
Why do you think so?
Because you probably started your trading career with technical analysis because someone told you that fundamental analysis does not work.
What have you experienced?
In my years of trading, I found that fundamental analysis does work, only if you correlate it with momentum.
I hope you have learned something today.
If you have more questions, you can leave your comments below. Ask me anything you like.
Other Stock Screeners
In my experience, I have made more money through the use of the 52-week high indicator. I can see clearly where the price will go, and I can react immediately.
If the price moves up, I follow the trend. Otherwise, I take the loss.
In the past, when I started trading, I had bought and sold stocks based purely on technical indicators.
I only used the daily charts because I have a 9 to 5 job, and I can’t monitor my trades during the trading hours.
Had I learned about momentum earlier, I could have earned more from my investments.
Of course, there are other momentum indicators out there, yet only the 52-week has given me the clarity I want from the market.
Some professional traders call it the box trading, and you can compare it to Darvas box.
However, the strategy I use is more dynamic, and it adapts to market changes.
It’s not 100% guaranteed, but you can use it to have an edge in trading.
If you want to find other stock trading strategies, you can read our recommended strategies above.
I was lucky when I found a system which I can use even if I work as an employee.