Stock Market Guides has unveiled an innovative upgrade to its stock scanning software that could change how traders evaluate potential investments. The new feature doesn’t just identify trading opportunities: it reveals how similar setups have performed in the past.
The enhanced scanner technology finds real-time trading opportunities based on popular indicators, then automatically shows traders the historical performance of those exact setups. This allows investors to see whether a strategy that looks promising today has actually delivered results in the past.
“Before you pull the trigger on buying a stock that’s oversold, wouldn’t you want to know how that stock has performed historically when it’s been oversold?” explains Andy Yuda, Senior Consultant at Stock Market Guides. “If that stock doesn’t have a track record of success historically for that trade setup, why buy it now?”
For different types of investors
The tool caters to various investment approaches:
- Active traders can evaluate technical indicators like RSI (Relative Strength Index)
- Long-term investors can analyze fundamental metrics like P/E ratios
- Options traders can assess specific option strategies
Users can even enable the scanner to automatically select trades based on their preferred criteria, for both stocks and options.
Making research accessible
Based in Altadena, California, Stock Market Guides has been providing scanning services since 2023, though its founders spent years developing the technology before launching. The company also offers free educational resources covering everything from basic stock purchasing to advanced technical indicators.
This latest upgrade represents another step in the company’s mission to provide retail investors with professional-grade research tools that were previously available only to institutional traders.
For traders looking to improve their success rate, this historical performance data could provide valuable context beyond what traditional scanners offer.
Sources:
- Chainwire – https://chainwire.org/2025/05/20/new-scanner-technology-at-stock-market-guides-shows-the-historical-track-record-of-each-trade-setup-it-finds/
