Stock tools are very important to get great returns in the stock market. Here you can find free stock market analysis tools to download. By using these stock tools you can easily analyze the stock market stocks to earn hefty profit.
Best stock market analysis software can be used for effective stock trading along with correct chart patterns. It is also important to have a good brokerage account . Free technical analysis software should use underlying technical indicators like stochastics, macd, rsi, moving averages, etc.
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.
StockwareLite
StockwareLite is a free stock analysis software for Windows. It can be used for stock market analysis and portfolio management. It uses Franklin Oscillator as a technical indicator for stock market analysis.
In this stock market analysis software, all the main tools are available on the main interface itself. To analyze market data, you can choose a database from the index list (NYSE Composite, Euronext 100, BSE Sensitive, FTSE 100, etc.) and select a stock exchange (NYSE US, NSE-ALL, AMEX US, ASX Australia, KLS Malaysia, OSLO Norway, etc.). Now, choose a stock market from the stock list as per the selected stock exchange.
For example, for NYSE US, you can perform stock market analysis for ALCOA, ABB LTD, Eaton Corporation, BlackRock, Black Hills Corporation, Cascade, Comerica Incorporated, etc. As you click on a stock market, you can see a graph with wave patterns with close value, Exponential Moving Average (EMA), Zero Line, etc. in different color schemes. Franklin trend, last date, last trade, day open, day high, etc. information are also shown.
You can also read the latest stock market news by clicking on News headlines button.
Other features of this stock market analysis software:
- By right-clicking on the chart, a context menu opens up. Simply go to Change Plot > Change Period option to change the time period for data you want to view, like 1 month, 3 months, 6 months, 1 year, 2 years, etc. Or, you can change plot to Price Rate of Change, Stochastic Oscillator, Aroon Oscillator, etc.
- You can add a stock to watchlist with date and its latest price. Also, you can add a stock to the portfolio with stock’s date, purchase price, and purchase quantity.
- It lets you edit and manage your watchlist and portfolio.
- You can see the status of your watchlist and portfolio in the form of graph or table.
- Also, you can see the tradebook status.
Many of features in StockwareLite are disabled because those features require an upgrade to its paid version named StockwarePro. These functions include Start Stock Filter, Intraday Charts, etc.
Stock Rover
Stock Rover unapologetically described itself as “simply the best investment research platform on the web”. While we don’t necessarily agree that it’s THE absolute best, it’s certainly in the top tier of the field. Although they offer four paid versions, they also have a free version – Stock Rover Free.
The service provides comprehensive information on more than 8,500 North American stocks, plus over 4,000 exchange-traded funds and – incredibly – 40,000 mutual funds. And in a feature you wouldn’t expect to find in free stock analysis software, Stock Rover Free also provides portfolio management and brokerage integration for automated syncing of your portfolios.
You’ll also find multiple charting capabilities, as well as daily analyst ratings and analyst rankings, and in-depth market news, including news on individual companies.
One of the best features of Stock Rover is the ability to trade up to the premium plans if you decide you like the free version but want to take advantage of the many investment tools each plan offers.
For example, by signing up for Stock Rover Essentials, at just $7.99 per month, you’ll have all the features of the Free version, plus fully customizable financial columns, over 260 metrics with five years of detailed historical data, portfolio and watchlist tracking, the full support from the technical team, and access to the Stock Rover Library and guru portfolios, advanced screeners, and other tools.
If this interests you, read our thorough review of Stock Rover for more.
StockCharts.com
StockCharts.com describes itself as “the web’s most advanced, interactive financial charting platform, designed to transform the way you see the markets”. It doesn’t seem that claim is an exaggeration. It provides real-time charting and the industry’s best technical tools and resources on your desktop, laptop, smartphone, or tablet. It’s designed to serve both active and passive traders with advanced scanning tools, award-winning charting and annotation tools, the ability to track your positions and your entire portfolio with ChartLists, and provides custom technical alerts to help you enter or exit your position that the best time.
StockCharts.com offers four different plans, including a free version and three premium plans.
The free version is pretty basic, offering three technical indicators per chart and three technical overlays per chart. The maximum chart width is 900 px. It also comes with the company’s free data plan, which uses BATS real-time data for US markets and delayed data for international markets.
But without a doubt, the free plan is just to whet your appetite for the premium plans, which have a lot more punch. The Basic, Extra and PRO plans run from $14.95 per month to $39.95 per month, but each offers 25 technical indicators and overlays, as well as intraday charting, saved chart storage, saved chart annotations, auto-fresh interval, historical price data back to 1980 (or even 1900 for the PRO plan) and 350 ChartLists per account.
TradingView
One of the major benefits with TradingView is that it can work for either a beginner or an advanced trader. It doesn’t matter which you are, it provides all the information, tools, and screening capabilities required by investors at all levels. It also offers an important networking capability so you can swap trading stories and get information and tips from other participants on the platform. TradingView is available for both desktop and mobile devices.
Research and information are available on companies trading on stock exchanges around the world. And it will all be delivered in real time.
One of the advantages of this service is that there’s nothing to download. You can open it in your browser and begin using it immediately. That’ll give you access to the stock screeners and customized technical analysis, including over 100 pre-built studies offering in-depth market analysis. And if you’re interested in Bitcoin, TradingView provides tracking of that cryptocurrency in real time.
Like other stock analysis software on this list, TradingView also offers premium editions as well as the free version. There are three premium versions, Pro, Pro+, and Premium, with monthly subscription fees ranging from $14.95 to $59.95. Each offers progressively more services and features than the one before it.
Finviz
Finviz is a stock analysis software and screener tool that offers both a free version and a premium edition, Finviz Elite. That means if you’re happy with the free version, you will always have the option to trade up to the premium edition, with its greatly expanded menu of features, tools and services.
The free version is admittedly limited, since it offers only delayed quotes, charts and screen capabilities. For example, groups and maps will take up to five minutes to be available. Also, you’ll be limited to 10 tables and 36 charts. However, if you register for the free account, you’ll be able to track up to 50 portfolios and as many as 50 tickets for each portfolio as well as those the stock screener presets.
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.urn:uuid:673daaec-767f-6a83-a577-6a83767f673d
Charting on mobile devices includes quite a few technical analysis indicators, though there are no drawing tools.
Read Investopedia’s review of Charles Schwab.
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.
Read Investopedia’s review of E*TRADE.
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.
Read Investopedia’s review of Fidelity.
Conclusion
Whether you are looking for free or paid stock analysis tools, it is important to get the information you need to make your investment decisions. There are several stock market analysis tools online, but not all of them are reliable. This article will help you learn how to choose the best stock analysis tools that suit your trading needs.