A stock market research tool is a software which you can use to easily do the technical analysis for a particular company. In other words, it will help you analyze the price movements of a stock and whether its shares are likely to move upwards or downwards, thus giving you the opportunity to make a profit from this prediction.
There are a number of resources available to us as online traders and investors. To be successful, we need to pick those resources carefully. Below I will share those resources that I consider the best.
Stock Rover: Best Free Stock Analysis & Research Tool
From my perspective, Stock Rover is simply the single best stock screener on the market today; in fact, it won our Top 10 Best Stock Screeners Review & Test.
Our tests show that Stock Rover is the best stock analysis tool for fundamental and financial research and screening. Stock Rover has ten years of historical financial performance data combined with 350 fundamental performance metrics that allow you to implement powerful dividend, growth, and value investing strategies and portfolios.
Stock Rover also has stock charting capabilities that complement the scanning functionality focusing on financial metrics charting and technical indicators like volume, moving averaging, and relative strength.
You can have Stock Rover for free; however, the real power of Stock Rover is unleashed with the Premium Plus service. Moreover, their top tier of service is not even expensive when compared to the competition.
How Much Does Stock Rover Cost?
Stock Rover’s service starts with free, meaning you can perform research and screen over 10,000 stocks and ETFs. Included in the free service are a stock newsfeed and powerful watchlist/portfolio management. If you want unlimited access to the 10-year financial database and fair value/ margin of safety ratings, then you will need the Premium Plus service at $27.99 per month.
- Free $0. Scanning for 10,000 stocks, 43,000 mutual funds & ETF’s, broker integration, portfolio analysis & market news
- Essentials $7.99 US /mo. 5 years of historical data, 10 fair value, and margin of safety ratings per month + earnings calendar
- Premium $17.99 US /mo. 350 fundamental metrics, 10 years of historical data, stock & ETF ranked screening, 10 stock ratings per month, 20 fair value & margin of safety ratings per month.
- Premium Plus (Recommended) $27.99 US/mo. 10 years of historical screening, an unlimited margin of safety and fair value scoring, unlimited stock warnings, and stock ratings + analyst ratings scoring.
I strongly recommend going for the Stock Rover Premium Plus at $27.99 per month. Why? Because having used the service extensively, I cannot live without the unlimited stock ratings, analyst ratings scoring, and the unlimited fair value and margin of safety scoring.
Video: My 10 Reasons Why Stock Rover Is Rated “Best Free Stock Screener”
Top 10 Reasons I Use Stock Rover For Research, Screening & Strategy Building | Stock Rover Review
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Stock Charting & Technical Analysis
Looking at stock charts with Stock Rover is different from all the other free stock software on the market. Whereas MetaStock & TradingView focus on hundreds of technical analysis price/volume indicators, Stock Rover focuses on charting the fundamental financial strength indicators.
With 154 different financial indicators and only 9 technical analysis indicators, Stock Rover is not the best technical analysis software for traders. Still, it is by far the complete package for fundamental income, growth, and value investors.
Stock Rover’s Free Stock Analysis Reports
Stock Rover provides free stock analysis with its innovative research reports. The research reports combine all of the historical and forecasted financial data of a company into a cohesive unbiased analysis. The free stock analysis provides a real-time view of the company’s financial situation, earnings, and analyst consensus estimates.
The reports are available to download in PDF format for the Dow Jones 30 Index component companies here.
Stock Rover for Value Investors
Testing shows that Stock Rover enables you to build a more informed value investing portfolio because it has integrated a deep set of Fair Value and Margin of Safety calculations. This enables the investor to rank stocks based on how much they are undervalued, according to the forward cash flow and fair value calculations popularized by Benjamin Graham and Warren Buffett.
How to Beat the Stock Market With Stock Rover
I love Stock Rover so much that I spent 2 years creating a growth stock investing strategy that has outperformed the S&P 500 by 102% over the last eight years. I used Stock Rover’s excellent backtesting, screening, and historical database to achieve this.
This Liberated Stock Trader Beat the Market Strategy (LST BTM) is built exclusively for Stock Rover Premium Plus Subscribers.
Stock Rover Screeners Buffett’s Holy Grail
When you log in to Stock Rover and select any screener, in this case, I selected the “Strong Buys Screener” and simply select the “Fair Value” tab; you are rewarded with arguably the killer features of Stock Rover. The Fair Value and Margin of Safety analysis and rankings.
These analysis factors are difficult to calculate yourself manually, and it could be said to warrant the investment in Stock Rover all by themselves.
[Related Tutorial: Setup Your Own Buffett Stock Screener With Stock Rover]
Stock Rover Usability
Stock Rover is incredibly easy to use. Within 5 minutes, I was using Stock Rover as there is no installation required and no need to configure data feeds. Also, there are so many curated screeners and portfolios to import and use; you are instantly productive. It is quite a feat that it is easy to use, considering Stock Rover has so many powerful scoring and analysis systems.
Introduction to Stock Rover Video
Introduction to Stock Rover – Part I
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FinViz
The FinViz Screener can look intimidating. But it’s very powerful.
The FinViz screener is one of the best ways to sort potential investment ideas by a variety of metrics. Some of them include the target price, index, industry, volume, dividend yield, and price. Like other stock market research tools, you can also view the in-depth financial data to make your own calculations include the free cash flow.
You can also use the screener to filter by fundamental and technical indicators. Personally, I prefer fundamental investing but that’s me.
Credit: Morning Brew
Thinkorswim by TD Ameritrade
- Available: Sign up here
- Price: $0 trades
This trading app for the brokerage TD Ameritrade gives you access to trading stocks, options, futures, and forex. To help with your research, tradable assets have comprehensive charts.
You can view them as line charts, Japanese candlesticks, bar charts, and more. It’s possible to change time frames to see long-term and short-term trends.
Thinkorswim has a vast educational section and live chat support. Perhaps the best feature is that you can practice trading without risking real money. Because TD Ameritrade is highly reputable and regulated, it’s an excellent option for traders hesitant about investing.
NinjaTrader
NinjaTrader is designed mainly for futures and options trading, but they offer free use of advanced charting, back testing and trade simulation. But it’s also a brokerage firm that enables you to trade with as little as $400, and it looks like you need to open a brokerage account to gain access to the platform.
But if you do, it offers thousands of apps and add-ons, including trading software and trading indicators and – if you are a developer – you can build integrated indicators, drawing tools, automated strategies and much more. Advanced charting provides you with the ability to trade directly from your chart. You can also use order flow, volumetric bars and market-to-confirm movement in a specific direction.
NinjaTrader comes with real-time analysis of hundreds of markets, as well as advanced alerting capabilities that can trigger custom notifications, social media sharing and orders based on analysis. The platform also uses third-party trading indicators and apps built specifically for NinjaTrader, and once again, unlimited simulated trading so you can simulate automated trading strategies on historical data and analyze their past performance.
Motley Fool Stock Advisor – Best for Buy and Hold Investors
- Available: Sign up here
- Best for: Buy-and-hold growth investors
- Price: $99 for the first year
The main difference between Motley Fool’s services is the type of stock pick recommendations.
Stock Advisor primarily recommends well-established companies. Over a decade ago, they advised subscribers to buy companies such as Netflix and Disney, which have been majorly successful.
As a subscriber, you’re granted access to their history of recommendations and can see for yourself how they have done over the years.
According to their website, the Motley Fool Stock Advisor stock subscription service has done five times better than the S&P 500 over the last 17 years.
What to Expect from Motley Fool’s Stock Advisor:
The Stock Advisor service provides a lot of worthwhile resources to subscribers.
- “Starter Stocks” recommendations to serve as a foundation to your portfolio for new and experienced investors
- Two new stock picks each month
- 10 “Best Buys Now” chosen from over 300 stocks the service watches
- Investing resources with the stock picking service’s library of stock recommendations
- Access to community of investors engaged in outperforming the market and talking shop
The service costs $99 per year and has a 30-day membership refund period. Consider signing up for Stock Advisor today.
Conclusion
Morningstar UK is a UK stock research tools for investors that enables UK investors to carry out their own research into shares, but also lets them evaluate UK shares comparatively. UK shares are not easily researched when you are in the UK, but when you use Morningstar UK, you get Morningstar’s powerful research tools at your fingertips. If you prefer that tool, you could do couple of research on it.