There are many great resources in the internet that allow traders and investors to find possible investments, screen stocks based on specific fundamental or technical data. In the following we provide an overview over the 5 best online tools.
Finviz is a stock screener and also offers a great charting platform and many other features and it is our clear #1.
The Finviz screener is the most sophisticated out there. You can screen for company specific financial data such as P/E, EPS, Sales, Dividend, ROI and also trading and stock market related data such as volume, floating short numbers, absolute highs and lows and analyst recommendations and many more.
If a trader understands how to use the Finviz screener effectively he can very fast and efficiently create a sector analysis and identify stocks to add to his watchlist.
The Finviz map visualizes equity and stock market data. By default, it shows the return of equities, but you can choose to display company-specific data such as P/E, Dividends, earnings and more. The FInviz map is a nice add-on that visualizes stock data very nicely and enables traders to consume data very fast.
Go to Finviz.com
Zacks is another commonly used screener. It also offers a wide variety of screening criteria that a trader can use to create a sophisticated analysis and to identify interesting stocks. The financial and valuation criteria are very sophisticated and you can find all criteria you can think of using the zacks.com screener. Besides the stock screener, you can also screen for ETFs and mutual funds. The premium screener already combines sets of screening data that allows a trader to quickly identify interesting stocks based on criteria such as growth, aggressive growth, value or their own ‘bonus’ screens criteria.
Go to Zacks.com
Although PastStat comes in as our #3, where PastStat beats the other two screeners is when it comes to technical anlaysis. It even offers to screen stocks for specific candlestick patterns, Bollinger Bands® criteria, higher highs and lows, MACD standings and other indicator settings and technical analysis concepts. The PastStat screener is very easy to handle and a great addition to the previously mentioned screening tools because of its unique featues.
Go to PastStat.com
Although the screening tools Finviz and Zacks also offer charting possibilities, there are two specific charting tools that have to be mentioned separately.
Tradingview is a great charting website and you can use it to chart stocks, indices, Forex, futures, CFDs, Bitcoins and economic data. But once you get into the nitty gritty details, you will only see the value of Tradingview and fall in love with it.
You can compare different instruments on top of each other to find correlations and see how different markets related to each other, find volume leaders and the greatest volume changer, evaluate the best and worst performing stocks, create personal trading notes (you need to sign up to save notes), Tradingview provides an integrated economic calendar and a wide variety of charting tools and indicators.
When it comes to charting, Tradingview is clearly the best possible solution out there.
Go to Tradingview.com
Stockcharts is another great resource when it comes to charting on the web. Stockcharts also offers point&figure, Renko, Ichimoku among the other commonly used charts.
You can choose to create your own charts using a great variety of technical tools and indicators, analyze sectors by themselves, analyze broad market data and also get information about sentiment. Although the design cannot compete wit Tradingview, the additional features and topics are a great addition when it comes to you performing a market analysis.
Go to Stockcharts.com
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