Bullish Stock - Screener (2024)

FAQs

How to scan for bullish stocks? ›

Moving Average Crossover: Look for stocks where the shorter-term 50-day moving average crosses above the longer-term 200-day moving average. This crossover is a bullish signal indicating that the stock is gaining upward momentum.

A black or filled candlestick means the closing price for the period was less than the opening price; hence, it is bearish and indicates selling pressure. Meanwhile, a white or hollow candlestick means that the closing price was greater than the opening price. This is bullish and shows buying pressure.

Use technical indicators and chart patterns to identify bullish signals. Look for stocks that are trading above key moving averages, breaking out of resistance levels, or forming bullish chart patterns such as higher highs and higher lows.

The bullish candle should open at the close of the bearish one, and both candles should have significant volumes. The closing price of the bullish candle should be at or above the opening price of the bearish candle. This pattern is often spotted at the bottom of a downtrend.

One way to do this is by using the relative strength line. The RS line measures a stock's price performance vs. the S&P 500. Look for stock charts in which the line is trending upward, which means the stock is outperforming the S&P.

The commonly accepted threshold for the start of a bull market is a rise in stock prices of 20%. Traders employ a variety of strategies, such as increased buy and hold and retracement, to profit from bull markets. The opposite of a bull market is a bear market, in which prices trend downward.

Will That Hold True in 2024? The S&P 500 finished the first half of the year with an impressive 15% gain, and forecasts for the remainder of 2024 remain bullish. Historic trends may give investors reason to be hopeful the rally continues this month in particular.

Which stock will go bullish tomorrow? ›

Bull markets generally start when the economy is strengthening or is already strong. They tend to coincide with a strong gross domestic product (GDP), a drop in unemployment, and a rise in corporate profits.

As mentioned above, a bullish trend can be identified if a price is making higher highs and higher lows. Lower highs and lower lows determine a bearish trend. This is also known as trend identification based on price action.

Define Your Criteria: It is foremost to define the criteria you want to use for the fundamental stock screening. Some common criteria include the P/E ratio, P/B ratio, EPS growth, dividend yield, and market capitalisation.