Screener

 

A screener is a tool that helps you filters out large list of stocks that match your criteria.

Screener helps you to find companies based on  price, volume,  sectors, market-cap, earnings, p-e ratio and other predefined requirements.

Stock screeners helps you to filter, sort and analyze stocks.

• Descriptive factors: Price, Average volume, Industry, Sector

• Fundamentals factors: EPS growth, PE ratio, Revenue growth, Dividend yield, Inside ownership, debt-to equity.

• Technical factors: Moving Averages, RSI, ATR, Volatility.
• News

Free screeners :

• Yahoo Finance
• Finviz
• TradingView

The screener I use is FINVIZ. The free version.

https://finviz.com/ . Then click on screener.

After getting the list of companies, then I do check if the stock is halal from zoya app.

https://zoya.finance/

Charts

 Chart:

• Chart basically has two axis i.e  x axis and y axis.
• X-axis is time.
• Y -axis is price.
• Stock chart is a relationship of  price and time.
• These charts show us how the price swings.
• In simple words these charts show us how much a share cost and how many people are buying and selling.
• There are different types of charts 
• Candlestick chart
• Bar chart.
• Line chart.

Timeframe:

• Charts can be viewed in different timeframe i.e 1 year, 6 months,  3 months, 1 month, 1week, 1 hour, 1 minute.
• I view in Weekly - daily - 4 hour -1hour  - 30 minute -5 minute
• Long term  - Quartly- yearly- monthly

My Take:

• View each stock in daily and weekly view (candlestick)
• Identify if its a uptrend with higher highs and higher lows.
• Then move to 4hr to 30 minute timeframe.
• Identify the support and resistance level.
• Look for the volume its more than 500k.
• Move to 15 minute  for entering an order.

   

Charting software

•  TradingView 

    

My reference :

• https://youtu.be/UU4ZQF-X9jE?si=0j0VZEI_IbkgyWFg
• https://youtu.be/C5E5SlMzMMM?

Stock VS Halal Stock

 

Stock

• Unit of ownership of a company.
• With no restrictions what type of a company or its financial status.   

Halal Stock

• Unit of ownership of a company but comply with Shariah Law.
• Business
• Which avoids prohibited industries 
• Alcohol  
• Tobacco
• Gambling
• Pork
• Weapons 
• Interest bearing products
• Adult entertainment.
•  Fiance
• Debt -to -market cap < 33%.
• Cash & interest bearing should be < 33%.
• Impermissible income < 5% 

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APP I use to check if the Stock is Halal:

            

            Zoya App.