Stock Market Research Tools Canada. For many investors, research is not fun or easy at all. To their rescue comes Stock market Analysis Tools Canada, the perfect tool for the bulls and bears out there.
From stock research to stock analysis right till technical analysis in their website, one can learn with ease. Here are the best tools.
Slope of Hope
Slope of Hope was founded in 2005 after creator and perma-bear Tim Knight sold his charting site, Prophet.net, to TD Ameritrade, to share charts and trading experiences with a few of his fans. It is now a destination for technical analysis, trading ideas, charts, and discussions with traders of all stripes.
Many of the features, including a very powerful technical charting package, are free to use, and rival the capabilities of much more expensive sites. A key feature of SlopeCharts is SlopeRules, which lets you create and test a trading system using technical rules. Drag and drop the rules you’d like to use on a chart and test them, then set up an alert to let you know when the conditions have been met.
An integrated virtual trading system is available that starts off with an account with $100,000 to help you learn how to hone your trading skills. Options traders will find some terrific analytical tools.
Premium membership levels ($14.95–$79.95 per month, two months free with an annual subscription) offer access to additional data, powerful options analysis, and access to exclusive trading ideas.
Slope has launched native mobile apps for iOS and Android devices, allowing access to all posts and a subset of the tools from the website.
StockCharts
StockCharts allows you to create intraday, daily, weekly, monthly, quarterly, and yearly price charts, point & figure charts, seasonality charts, relative rotation graphs, and more. There are over 1000 technical market indicators and indexes, and real-time data coverage for a number of cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash.
The ability to do technical analysis on cryptocurrencies is relatively unique. You can use a limited set of features for free; monthly subscription plans that allow additional technical studies and more historical data range from $14.95–$39.95.
TC2000
TC2000 is also a venerable name in the technical analysis world and was formerly known as Worden’s TC2000. Version 20 has Windows, Mac, mobile, and web platforms available, plus you can connect directly to Interactive Brokers to place trades through TC2000 Brokerage. TC2000 combines charting, stock and option screening, and trading features, and you can use the practice version for free.
You’ll need the Gold or Platinum level subscription ($29.99–$89.98 per month) to use the scanners; Platinum subscriptions allow you to scan the market for specific conditions on any date that has available data, just to get an idea of how well a custom indicator you may be building will work. Data feeds incur additional charges.
Ticker Tocker
Ticker Tocker, launched in 2018, offers users a wide variety of trading services, including education, research, and automated trading resources.
You can follow other members who are signed in as Leaders or use the strategy creation tools to generate your own trading system. You can backtest the strategies you’ve created with historical data to see how they would have performed. The charting system built-in allows you to overlay price charts with technical indicators.
The site also includes Ticker Tocker’s in-platform and syndicated trading TV channel, Ticker Tocker TV. The platform is compatible with brokers including Interactive Brokers, E*TRADE, TD Ameritrade, Tradier, Fidelity Investments, and TradeStation.
You can join and use many of the features at no charge, though there are fees for premium services and access to experts.
Trade Ideas
Trade Ideas launched in 2003, counts among its subscribers investors, traders, and market professionals. The system has 311 alerts and 243 filters that include fundamental, technical, social media, and other non-structured data sets and identifies short-term and swing trading opportunities.
Subscribers can also create their own formulas as indicators and build custom, dynamically updating watch lists and real-time alerts. These trading systems can then be back-tested and traded in a simulated trading environment.
Premium plan subscribers with connected Interactive Brokers accounts can send live trades via the Trade Ideas platform. The Trade Ideas platform links with most trading and charting platforms. The majority of Trade Ideas subscribers now leverage TI’s HOLLY AI, an artificially intelligent trading assistant to identify trades derived from continually optimized strategies that are demonstrating a consistent performance edge in the market.
Trade Ideas is downloadable to Windows platforms and also offers a web version for access on any device. A standard subscription is $118 per month ($1068 per year), while the premium services are $228 monthly ($2,228 per year).
TradingView
TradingView has over 100 indicators combined with intelligent drawing tools that cover global stocks, currencies, and cryptocurrencies.
The proprietary Pine Script language lets you change existing indicators or create anything from scratch. The public script library contains thousands of scripts published by other TradingView members.
You can use a limited set of features for free; subscriptions with access to additional features and data are $14.95–$59.95 per month. There’s a paper trading system built-in, or you can link TradingView to a brokerage account with several brokers, including TradeStation.
TrendSpider
Founded in 2016, TrendSpider has an impressive array of technical analysis tools designed to help you find, plan, and time your trades with greater efficiency and precision.
You can generate dynamic watch lists using the Market Scanner, which can search across time frames ranging from 1 minute to 1 month. There are several dozen scanners built-in, or you can design your own. Real-time market data and 20+ years of historical data are included at no extra charge.
The platform is web-based with your customizations stored in the cloud. The charting package includes the ability to backtest (for Premium and Elite customers) the strategies you’ve created.
Subscriptions range from $33–$97 per month, with discounts for prepaid annual plans.
Yahoo Finance
Yahoo Finance is simpler than most of the other stock analysis software on this list, but it is free and the fairly limited range of services may be all you’re looking for in your investment activities. And as a very active investment website, Yahoo Finance is, not surprisingly, very popular among investors. In fact, it may be the perfect stock analysis software for new investors.
The platform offers well over 100 technical indicators, as well as real-time quotes and charts. But what may be most remarkable is that you can trade stocks from the charts. You won’t actually be making the trades through Yahoo Finance itself, but through its partnership with a service called Trade.it, that transmits trade requests to popular brokerage firms.
TC2000
TC2000 has rolled out its Version 20, as the fastest and most stable version ever, and with new features, including premarket buzz, historical condition testing, color bars, synchronized chart and scan time frames, and much more.
They have a feature called condition wizard, which they claim, “if you can think it, you can build a condition for any indicator, step-by-step”. They offer a stock and options screener, options, charting, watchlist, built-in option strategies, option profit and loss zones, alerts and reminders, custom layouts (which begin with eight predesigned layouts that can be customized), and even a personal journal.
And whether you’re a new investor or a beginner, you’ll appreciate that the service comes with unlimited practice free of charge. That includes a fully functional trading simulator where you can practice and learn the platform.
They promise you won’t even need to put a credit card on file, though they do offer their premium Silver, Gold, and Platinum plans ranging from $9.99 per month to $89.98 per month, with greatly increased features and capabilities.
CNN Money
We couldn’t get a viable video on CNN Money, whether a tutorial or an independent review. But it still rates a position on our list of the best free stock analysis software. After all, CNN Money is one of the leading sources of investment information, and a natural choice for stock analysis software.
Much like Yahoo Finance, CNN Money is a fairly simple platform. From the homepage, you can access information from stocks on exchanges from around the globe. They’ll also provide updated information on each, as well as breaking market news and other news developments that will affect your investing activities.
It’s free and simple to use, which may make it another stock analysis software that’s highly recommended for new investors looking to cut their teeth on basic investment analysis.
Robinhood
Robinhood has been sweeping – and disrupting – the investment universe, originally by being one of the first brokerage services to offer commission-free trades. But they’ve expanded their menu of services, and now offer one of the most generous margin trading capabilities of any company in the industry.
Robinhood is an investment app designed with mobile users in mind and is very popular among young, tech-savvy investors. The trading platform is quite basic, and generally light on investment tools and research.
But it’s still an excellent trading app for new and self-directed investors, particularly if you also want to invest in cryptocurrencies. Robinhood may even be the only brokerage firm that also allows you to trade cryptos.
Though it has nothing to do with stock analysis software, you may be interested to know that Robinhood also offers its Robinhood Cash feature, currently paying 0.30% APY on your uninterested cash. And unlike the other stock analysis software on this list, Robinhood is a brokerage service where you can trade on the information and tools available right on the platform.
Here’s our full review of Robinhood.
Conclusion
There are many stock market analysis tools on the web today. Some are good, some are mediocre, some are downright terrible. I created this blog post to help my fellow retail investors identify the best stock market research tools on the internet.