Are you looking for the best stock market analysis software free ? It is no secret that stock markets and share trading in particular, can make a lot of money when done right. We all know there is a lot of money in short and long-term investment. Those who were able to make smart trades in the stock market in the year 2008 and before, must be really happy now.
Many financial products and companies offer free stock research tools and stock market analysis software. These tools allow you to keep track of stocks and the market on a daily basis. They can help you create portfolios, find high-performing stocks, follow new companies and so much more!
StockRover
Pros
- Advanced comparative analysis
- Recommendations with supporting data
- No installation required
- Available on PC, Mac, Smartphone and Tablet
- Incredible reports on specific stocks generated in real-time
Cons
- Could be improved by more technical indicators
StockRover integrates with almost every large broker, including Fidelity and Firstrade. Although you won’t be able to trade from charts, it will look after the profit and loss reporting and offer recommendations on portfolio rebalancing
This software is most suitable for long-term investors and those looking to optimize their portfolio income. A high-point of the software is its stock scanning, filtering, and of course, its fundamental watchlists. The premium service offers traders more than 150 thoughtfully pre-built screeners, including a favorite, Buffettology screener.
Pricing and Plans
A free version of StockRover is available, and it is impressive. But the premium plus service unleashes the real potential of the software. Moreover, it comes in at a competitive price point of $27.99 per month. The analysis software runs on smartphones, Mac, PC, and tablets, with no installation necessary.
Features
For news and social media integration, StockRover shows information from Benzinga News and Yahoo Finance. Yahoo Finance has a lot of great articles and news regarding the fluctuation of the stock for example StockRover could predict that Microsoft stocks are great to be bought or if NVIDIA shouldn’t be bought right now. While they are not real-time, this shouldn’t be an issue for any long-term investors.
Using technical analysis and reading stock charts are crucial parts of trading. If these are a priority for you then it is worth noting that StockRover focuses on charting the fundamental financial strength indicators. In comparison, TradingView and MetaStock focus on hundreds of technical analysis indicators.
Now we know that StockRover is different from other software vendors, we can understand why it offers over 10 years of scanning possibilities and information—this is far better than almost all other stock screening packages.
For usability, the software can be set up within 15 minutes with no installation needed and no data feeds that need configuring. Even better, the software offers so many screeners and portfolios ready to be imported so that you can get started instantly.
For the long-term investor, there’s no better option than StockRover.
On-Balance Volume
First up, use the on-balance volume indicator (OBV) to measure the positive and negative flow of volume in a security over time.
The indicator is a running total of up volume minus down volume. Up volume is how much volume there is on a day when the price rallied. Down volume is the volume on a day when the price falls. Each day volume is added or subtracted from the indicator based on whether the price went higher or lower.
When OBV is rising, it shows that buyers are willing to step in and push the price higher. When OBV is falling, the selling volume is outpacing buying volume, which indicates lower prices. In this way, it acts like a trend confirmation tool. If price and OBV are rising, that helps indicate a continuation of the trend.
Traders who use OBV also watch for divergence. This occurs when the indicator and price are going in different directions. If the price is rising but OBV is falling, that could indicate that the trend is not backed by strong buyers and could soon reverse.
Benzinga Pro
- Who it’s for: All levels
- Price: Starts at $99 per month – Learn More
Benzinga’s own Benzinga Pro is a full suite of easy-to-use, customizable stock research tools.
The core of the platform is the real-time newsfeed, but includes several other tools for stock research. Users can also set up a variety of real-time alerts, including desktop notifications, email, and voice alerts among the tools.
Tools inside Benzinga Pro include:
- Newsfeed
- Screener
- Movers (Find top gainers and losers)
- Audio Squawk
- Stock Details
- Why Is It Moving?
- Calendar Suite
- Watchlists
- Signal Alerts (including opening gaps, block trades and options alerts)
Whether you’re looking for a screener, top movers or want to chat with other traders, Benzinga Pro brings all the essential tools together in a single platform. Each of the tools are customizable so you can fit it to your trading strategy.
The Accumulation/Distribution line (A/D line)
Accumulation and Distribution are among the most commonly used technical analysis indicators to determine the money flow in and out of security.
This indicator is developed by Marc Chaikin to measure the cumulative flow of money in and out of the security. This indicator was named earlier as the Cumulative Money Flow Line.
Learn about various Types of Technical Analysis Indicators for free with ELM School
This indicator attempts to gauge supply and demand by determining whether the investors are buying (accumulating) or selling (distribution) a particular stock.
Calculation:
The money flow indicator is calculated by :
(close – low) – (high – close)
This value is then divided by the high minus the low.
(close – low) – (high – close) / (high – low)
The final number is the money flow multiplier.
Interpretation:
This indicator helps to show how demand and supply factors are influencing the price. Accumulation/ Distribution can move in the same direction as price or may have an inverse slope.
If the security’s price is in a downtrend while the accumulation/distribution line is in an uptrend then the indicators show that there may be buying pressure and the prices may reverse. Similarly, if a security’s price is in an uptrend while the accumulation/distribution line is in a downtrend then the indicator shows that there may be selling pressure and the prices may reverse.
We can see from the above daily chart of ONGC that the prices were in an uptrend whereas the accumulation/distribution line was sloping downwards which showed the selling pressure in ONGC and prices eventually reversed and the trend became bearish.
Motley Fool Rule Breakers
- Available: Sign up here
- Best for: Buy-and-hold growth investors
- Price: $99 for the first year
Motley Fool Rule Breakers focuses on stocks that have massive growth potential in emerging industries. This service isn’t fixating on what’s currently popular, but rather always looking for the next big stock.
The service has six rules they follow before making stock recommendations to subscribers:
- Only invest in “top dog” companies in an emerging industry – As Motley Fool puts it: “It doesn’t matter if you’re the big player in floppy drives — the industry is falling apart.”
- The company must have a sustainable advantage
- Company must have strong past price appreciation
- Company needs to have strong and competent management
- There must be strong consumer appeal
- Financial media must overvalue the company
As you can see, before recommending a stock to users, Rule Breakers considers a number of factors. In short, the service mainly looks for well-run companies in emerging industries with a sustainable advantage over competitors, among other factors.
And their rules seem to pay off if their results have anything to say about it.
Over the past 15 years, Rule Breakers has more than tripled the S&P 500, beating many leading money managers on Wall Street. Their results speak for themselves and easily justify the affordable price tag of $99 for the first year.
What to Expect from Motley Fool’s Rule Breakers:
The service includes three primary items you can expect to receive:
- A listing of Starter Stocks to begin your Rule Breakers journey with their “essential Rule Breakers”
- 5 “Best Buys Now” opportunities each month
- Two new stock picks each month
You’ll receive regular communications from the stock picking service with their analysis and rationales for buying stocks meeting their investment criteria.
If you’re unhappy with the service within the first month, you can receive a full refund.Our Stock Recommendation PickMotley Fool | Rule Breakers
Motley Fool Rule Breakers is an investment advisory service which provides insight and recommendations on market-beating growth stocks and businesses which are poised to be tomorrow’s stock market leaders.
Conclusion:
As a trader, you can take advantage of a wide array of stock market analysis tools. These tools can help you make better decisions and ultimately translate into making a lot of money. While there are a lot of paid stock market analysis tools out there that claim to do wonders, there are actually a number of good free ones you can use.