Are you a stock investor and want to learn more about the best stock research tools? Or maybe you use an analyzer to find the best stocks currently on the market. Either way, we all want to keep our eye on what’s going on in the stock market. The more information we can gather, the better positioned we are as investors.
Making money from trading in the stock market is not easy. No matter who you are, what you do for a living or where you live in the world, buying and selling stocks requires a lot of research and work. Obviously, if you become an expert trader then eventually things will be a lot easier for you. That is why I think it is good to learn about the best free stock research tools available online.Stock market research tools can be broken down into two categories: websites and apps.
Charles Schwab
Charles Schwab’s frequent trader platform, StreetSmart Edge, offers Screener Plus, which uses real-time streaming data, allowing clients to filter stocks and ETFs based on a range of fundamental and technical criteria, including technical signals from Recognia. Traders can set the parameters that are most important to them and then integrate Screener Plus results with their pre-defined watch lists. StreetSmart Edge’s customizable charts incorporate Recognia pattern recognition tools.
Charting on mobile devices includes quite a few technical analysis indicators, though there are no drawing tools.
Ycharts
Ycharts was founded back in 2009 and since then it’s well known for providing an extensive range of data points. They claim to have over 4000 clients who collectively, oversee more than $750 billion in assets.
Ychart provides 7-day free trail for their services,
- Their Standard basic package is priced at $3,600/year and the Professional is priced at $6,000/year
The standard package includes access to the following :
- Fundamental & Technical Charting
- Stock & Fund Screeners
- Live News and Customizable Alerts
- Analyst Estimates & Recommendations
- Dashboard for Monitoring Markets & Securities
Professional and Enterprise packages allow for the user to have access for features such as Charts, Excel Add-In, Integration Support, Model Portfolios, Comp Tables & Timeseries Analysis, Scoring Models, Dedicated Account Manager, Collaboration & Content Sharing Across Users, Tailored Onboarding & Training Program, Firm-wide Excel Model Conversion & Automation, and Consolidated Billing & Account Admin.
Morningstar
Morningstar is an investing news and analysis website that is one of the best-known names in investment research. Morningstar provides analysis and ratings for individual stocks as well as mutual funds and exchange-traded funds (ETFs), making it useful for investors of all types.
The company is primarily focused on value investors who want to find good deals on strong companies and to hold those shares for the long-term. If you’re a buy and hold investor, Morningstar’s analysis will likely be useful. If you want to try your hand at day trading, the information on Morningstar’s site is likely to be less useful.
The company is also well-known for its industry-leading mutual fund ratings, making it a good resource for investors who like to use mutual funds.
Morningstar offers some of its content, including article archive and basic stock screening capabilities for free. Full access to its content, including analyst reports, investment picks, and its portfolio X-ray tool, requires a premium subscription, which costs $199 per year.
Dough Roller readers can get a discount on Morningstar Premium, saving $30 on a one-year subscription, $70 on a two-year subscription, and $100 on a three-year subscription.
E*TRADE
On Power E*TRADE, the firm’s active trader platform, the Live Action scanner has over 100 pre-defined screens that scan the market in real-time on live prices and live analytical metrics based on technical, fundamental, earnings, sentiment and news events.
The Oscillator scans built into Live Action help uncover overbought or oversold stocks and explore additional opportunities for a client’s portfolio. Many of these built-in screens are unique to the Power E*TRADE platform.
The Recognia scanner enables you to scan stocks based on technical events or patterns, and set alerts when new criteria are met. You can use the paper trading capabilities of Power E*TRADE to test out your technical trading system.
Business Quant
That’s us! Business Quant provides provides financial data, segment financials, KPI data and powerful analytical tools to help investors research stocks and understand industry trends. We like to think that Business Quant is one of the best stock research tools when it comes to making informed investment decisions.With Business Quant, you can access powerful features such as:
- Key Performance Indicator Data (eg. AT&T’s subscriber adds, McDonalds’ restaurant openings, Tesla’s vehicle deliveries by model etc.),
- Segment and geographic financials (eg. revenue by segment, revenue by region etc.),
- Industry Data (eg. market share, shipments by vendor etc.),
- Non-GAAP metrics from company presentations and filings,
- Stock Screener,
- Sector financials,
- Stock comparison functionality,
- Stock warnings,
- Stock ratings
- SEC filings
- 200+ financial items and ratios for thousands for US stocks,
- Financial statements dating back 10+ years,
- Charting and visualization tools,
- Download data in CSV and XLSX formats
Our team of analysts goes through company filings, press releases, investor presentations and other company documents, to compile segment financials, non-GAAP metrics and key performance indicators. This way, you never have to dig through boring company documents and maintain a database of your own. Countless hours saved!
The basic plan is free of cost, but provides access to limited data.
The Pro plan is priced at just $19/month, when billed annually.
FinViz
FinViz is a stock screener and news website that you can use to track different companies or identify businesses in which you might want to invest.
A stock screener is a tool that lets you search for stocks that fit specific criteria. For example, you might decide that you want to invest in companies with a market capitalization of $10 billion or less, an average trade volume of 500,000 shares per day, and a dividend yield of at least 3%. A stock screener can produce a list of every company with shares that meet those requirements.
FinViz’s stock screener is completely free to use, so any investor can use the website to find companies they might want to invest in.
If you want to learn more about a specific company, FinViz offers in-depth charts and information for each stock.
You can use multiple types of charts, including candlestick and line charts. Each stock’s page also has a list of recent news articles that discuss the company and analyst predictions about the stock’s future price movements.
FinViz offers a subscription service, FinViz Elite, for $24.96 per month. The service includes all of the tools that are available for free, plus:
- Advanced charting, including intraday charting
- Technical analysis backtesting
- Fundamental charting
- Email alerts
- Tracking for up to 100 hypothetical portfolios
- Up to 100 stock screen presets
- Custom stock screener views
Moomoo
A mobile trading app, Moomoo is an entirely free trading platform. The app features several research tools targeted at both new and experienced traders. Use it across different platforms, and without deposit restrictions, the options are endless.
Designed as a smart platform, Moomoo helps you make profitable trading decisions. You can also simulate a trading experience with their paper trading option before investing actual money.
Fidelity Investments
Active Trader Pro is Fidelity’s downloadable trading interface, offering a deeper feature set than is available through the website. Active Trader Pro provides customizable charting functions and trade tools upfront. The software can alert you to technical signals in stocks you are following, and provide alerts on open positions.
Fidelity’s web-based charting has integrated technical patterns and events provided by Recognia. The advanced charting on the web offers the ability to see up to 40 years of historical price data, 30 days of intraday data, extended hours data, and more than 60 fully customizable technical indicators.
The Fidelity Learning Center with content made up of articles, videos, webinars, infographics, and recorded webinars, includes a focus on technical analysis.
Fidelity also offers weekly online coaching sessions, where clients can attend with a small group (eight to 10 attendees) to have in-depth discussions around the topics of options and technical analysis.
GuruFocus
GuruFocus is another extensive stock research platform dedicated to value investing. It was founded in 2004 and follows the principles of Warren Buffett. They believe the most effective way to create wealth is by investing for long term and in quality instruments. GuruFocus provides a range of tools to excel at investment. For starters, it tracks 175+ investment gurus – mostly wealth managers and successful individual investors and CEOs and CFOs of various companies — to provide an upper hand on the market and information.
The platform also hosts vital features such as a comprehensive stock screener, discussion forums for investors, financial news, insider trading information and along with a range of financial statements, business and valuation ratios. Plus, GuruFocus sports interactive charts, warning signs and data APIs, to help investors to make a informed investment decisions.
Clients are entitled for the 7-days free trail of GuruFocus Premium and PremiumPlus membership.
For individual investors:
- The price of the Premium membership depends on the geographical market. US market data costs $449/year, while European and Asian market data costs only $399/year.
For professional investors:
- Professional membership cost $2,245/year for US market data and $1,995/year for Asian and European.
StockFetcher
StockFetcher is a website and mobile app that offers highly customizable stock screening tools as well as stock charting.
Like FinViz, you can use StockFetcher to build custom filters that let you find companies that meet your precise investing targets. You can filter based on things like market capitalization, stock price, recent price trends, dividend yield, and more.
If you want to dig down into a single company’s shares, you can use StockFetcher’s charts to analyze recent price changes of stocks. You can view charts with timelines as short as intraday or as long as monthly. You can also add your own trendlines and other illustrations to help you perform technical analysis.
StockFetcher’s basic tools are available for free but if you want to unlock the site’s full suite of tools, you have to purchase a subscription. You can subscribe for either $8.95 per month or $24.95 per quarter.
For people who want the top-end StockFetcher experience, you can sign up for a premium subscription, which costs $16.95 per month or $44.95 per quarter. This expands your watch list and saved filter limits and gives you even more advanced stock filters you can use.
Conclusion:
With the pervasiveness of online trading platforms, there is no shortage of stock market research tools. It’s easy to get overwhelmed when conducting your own stock analysis. Tools like stock charts and stock screening help to make sense of everything and enable you to research in a fast and efficient way.