Not financial advice. Nasdaq Scanner is a personal hobby project. Results are automated, may be wrong, and are for education only. Trading can lose you money; you use this site at your own risk. Read full disclaimer
How to use this tool
Nasdaq Scanner is a personal hobby project. Nothing here is financial advice or a recommendation to buy or sell any stock. See the full disclaimer.
1. On the home page, the list shows NASDAQ and NYSE stocks where the algorithm detected a sideways range followed by an upward breakout.
2. Use the search box to find a stock, then click "View chart" to see the weekly candles, the sideways support and resistance lines, and the swing pivots A, B, C and D that formed the range. Charts are only available for recent breakouts.
3. Treat each result as a starting point for your own research, not as a signal to trade. Any decision to trade, and how much risk to take, is entirely yours.
How the scanner works
All analysis uses weekly candles.
It looks for stocks moving sideways and draws the support and resistance lines of that range.
It marks the swing pivots inside the range (A, B, C, D) so you can see how the range formed.
It flags when price breaks out of the range and checks how price behaves after the breakout.
Results are automated, may be wrong or late, and past results do not predict future performance.