Introduction
In stock trading, identifying the right opportunities often depends on how you scan the market. With thousands of stocks
moving every day, traders rely on tools like price scans and technical scans to filter out the noise. But here’s the question:
Which one should you trust more? In this article, we’ll break down what price scans and technical scans are, their
differences, and how to use them effectively.
What is a Price Scan?
A price scan filters stocks based on their price movement over a specific time frame. For example, you might screen for:
Stocks that gained more than 5% today
Stocks hitting 52-week highs or lows
Stocks with intraday price breakouts
✅ Best for traders looking for momentum or volatility in the short term.
What is a Technical Scan?
A technical scan uses indicators and chart patterns instead of just raw price movement. For example, you might scan for:
RSI below 30 (oversold zone)
MACD bullish crossover
Candlestick patterns like Doji, Hammer, or Engulfing
Stocks above their 200-day moving average
✅ Best for traders who want signals based on market psychology and trend analysis.
Key Differences Between Price Scans & Technical Scans
Factor Price Scan Technical Scan
Basis Pure price movement Indicators & chart patterns
Best For Quick trades, intraday momentum Swing trading, trend-following
Complexity Simple to use Requires some technical knowledge
Accuracy Can give false signals in volatile markets More reliable when combined with volume & trend
4. Price Scans vs Technical Scans:
Which One Should You Rely On?
Which One Should You Rely On?
The truth is—you shouldn’t rely on just one. Here’s why:
Price Scans are excellent for spotting instant momentum, but can be misleading if not backed by volume or fundamentals.
Technical Scans provide deeper insights into market psychology but may lag in capturing sudden breakouts.
👉 The smart approach: Combine both.
Example: Use a price scan to spot stocks gaining 3%+ intraday, then confirm the signal with a technical scan (like RSI or
MACD) before entering a trade.
Real-Life Example
Imagine a stock jumped 6% intraday (price scan). Before buying, you run a technical scan:
RSI shows 85 (overbought) → risky, could reverse.
MACD still bullish → short-term upside possible.
💡 Decision: Enter with caution and set a strict stop-loss.
Conclusion
Both price scans and technical scans have their place in trading. Price scans give speed, while technical scans give depth.
The most successful traders combine both to validate their trades and minimise risks.
👉 Want to try both in one place? MarketYakk offers real-time price scans and technical scans so you never miss an
opportunity.