Everyone dreams of making millions trading the stock market. We all saw stocks like Amazon, Netflix, AMC, Gamestop, Moderna and Tesla making new highs. But most of us invest conservatively in mutual funds or exchange-traded funds for an average return of about 8% per year.
Investing in specific stocks can outperform the average return or benchmarking indices like the S&P 500. Using the best stock analysis software, apps, and research tools enable you to make better trading decisions and cumulate profits faster.
The 2 Types of Stock Analysis Software & Apps
Do you label yourself as primarily being a fundamental investor or technical investor?
Sure, you might use both types to inform your investing decisions, but almost every investor will lean more one way than the other.
As such, stock analysis programs fall into 2 main categories:
Fundamental analysis – For long-term, buy-and-hold investors
Technical analysis – For day traders, buying and selling based on price action and trends
10 Best Stock Analysis Software & Apps
The Best Trading Tools for any day Trader. Whether you are a beginner or an experienced stock trader, These Softwares will help you to improve your day trading.
The Best Fundamental Analysis Software & Apps in 2022
Trade Ideas is an invaluable asset for any trader. Out of the thousands of stocks in the market that you could trade, these scanners will find the small handful that are actually worth trading each day. When it comes to AI scanners, there is nothing else that compares. It’s a 5 star product.
- Free live trading room delivers very helpful guidance
- Pre-defined channels provide quick looks at different investment sectors
- Browser and desktop programs are available
- Packages for professional traders
- Multiple AIs for different interpretations
- Autotrade capabilities
- Simulated trading for extra practice
- Trade suggestions for options and crypto traders
- No mobile app
- Subscriptions are expensive
- Software takes time to learn
- Robo trading tends to override individual decision-making
- No actual trades can be placed through Trade Ideas
WallStreetZen is a market research website that provides investors with easy access to technical and fundamental analysis information about leading stocks. It also offers insight into analyst stock recommendations and provides a set of proprietary metrics to help you make more knowledgeable investing decisions.
Sleek and user-friendly platform
Easy to use stock screener tools with customizable filters
Provides ratings from more than 3,000 analysts
Detailed stock information pages
Information on insider buys for top stocks
Doesn’t have a mobile app
Lacks customizable charting tools
Limited options for platform customization
Seeking Alpha is a crowd-sourced content service for financial markets. Articles and research covers a broad range of stocks, asset classes, exchange-traded funds, and investment strategies.
Seeking Alpha began in 2004 and has its headquarters in New York. The platform uses crowdsourced ideas from a global pool of investors. In other words, people from around the world create content on Seeking Alpha to share their investing ideas with others.
Seeking Alpha focuses on stock investing. However, you can also find research and analysis for ETFs, commodities, mutual funds, and cryptocurrency.
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois and was founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
Morningstar is one of the biggest names in investment research and with good reason. Premium-level membership includes resources to guide your investment decisions, focusing on the best stocks and funds.
Extensive research covering mutual funds, stocks, ETFs, and bonds
Best investments lists help you pick the best stocks and funds
Coverage for more than 620,000 investments
Discounts available for multi-year subscriptions
Paid membership required for premium content
Annual cost is as much as $359 when you pay monthly
Yahoo! Finance is a media property that is part of the Yahoo! network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It also offers some online tools for personal finance management.
Yahoo Finance has a consumer rating of 1.92 stars from 76 reviews indicating that most customers are generally dissatisfied with their purchases. Yahoo Finance ranks 170th among Personal Finance sites.
5 Best Yahoo Finance Alternatives
- Seeking Alpha
- Benzinga Pro
- Trade Ideas A.I. Pro
- EOD Historical Data
Stock Rover is best for USA & Canadian value, growth, and income investors seeking extremely detailed fundamental and financial analysis stock screening and research software. Stock Rover’s ease of use hides its flexibility and underlying strength.
Founded in 2008 by Howard Reisman and Andrew Martin, Stock Rover is a US-based company providing stock screening, research, and portfolio management software. Targeted at individual investors, Stock Rover enables value, income, and growth investors to target their investments and manage their portfolio of stocks.
Stock Rover’s ability to perform portfolio correlation and balancing, plus screening for dividends, value, and growth stocks, are key benefits. Stock Rover’s 10-year historical dataset allows you to backtest your screening criteria, which means you can see if your scans were profitable in the past.
- 650+ Financial Screening Metrics
- Potent Stock Scoring Systems
- Unique 10-Year Historical Data
- Warren Buffett Value Screeners & Portfolios
- Easy to Use
- All Financial Ratios
- Real-time Research Reports
- Review Winner
- No Social Community
- Not Recommended for Traders
- No App for Android or iPhone
- No Cryptocurrency or Forex Data
- US Markets Only
Finviz is one of the best stock screeners for traders and investors available for free and also available as a pro version called Finviz Elite. It’s is a privately held company founded by Juraj Duris in June 2007. Finviz stands for “financial visualizations,” and about 18.75 million people use their website every month.
The stock screener Finviz would not exist without this excellent feature. The stock screener is to 90% of what Finviz is all about. All these other little gadgets are a great addition, but the stock screener itself is where Finviz shines. The Screener is an advanced tool that allows visitors to track and filter stocks based on several:
- descriptive (like stock market price, market capitalization or price)
- fundamental (like P / E, EPS growth, debt ratio, net profit margin, etc.) or
- technical indicators (among them chart patterns, candlesticks, or RSI levels).
The results can then be further sorted, applying a large number of criteria. In total, there are over 60 criteria available. Adapted to different settings, thousands of filter variants are achieved for further fine-tuning of the existing screener.
The best Finviz screener settings are part of my guide on How to use Finviz. You do not need Finviz Elite to use the different filters, but you need Finviz Elite to create price alerts and to export the results with a click on “export” in the lower right corner. Also, you need Finviz Elite to take a closer look at the statistics.
The Best Technical Analysis Software & Apps in 2022
TradingView is the market-leading charting platform used by over 30 million investors and traders every month. Many consider TradingView as the best stock analysis software and one of the best stock screeners.
Is TradingView worth it? We think it is. Our TradingView review will guide you through all features and functionalities. We also explain how to use TradingView for free and save up to 50% when subscribing to a paid plan.
The TradingView functionalities are among the best and most complete across all investing, trading and analysis platforms. It is possible to use various free features within the Basic plan. However, a paid plan like Pro, Pro+ or Premium makes sense once you need more functionalities like multiple charts, custom time intervals, real-time market data, multiple timeframes, data exports, or advanced chart types. In addition, TradingView supports extended trading hours, customized scanning depending on your trading strategies and a great community.
TradingView works as a browser-based version on any device, but it is also available as a desktop software installation and mobile app. Let’s have a closer look at the best features.
Thinkorswim is a full-feature investment platform offered by TD Ameritrade, which was bought by Schwab in 2020. It complements the firm’s main brand. Where TD Ameritrade’s core platform serves the retail market, thinkorswim is designed to appeal to hard-core investors. This is the kind of platform where searching for a stock not only pulls up its price, but the bid/ask spread, an options chain and an OCO bracket.
As a full service platform, thinkorswim supports all major asset classes. This includes stocks, ETFs, mutual funds, bonds, futures and foreign exchange. It does not, as of fall 2022, offer trading in individual cryptocurrencies, it does offer over-the-counter trusts that hold cryptocurrencies and Bitcoin futures. TD Ameritrade also offers three different ways to access the thinkorswim platform, through a desktop client, web browser or well-designed in-app trading. The browser-based portal and desktop portals are both excellent ways to use this service, although the desktop offers a greater range of data options and more customizability than its web-based cousin.
TrendSpider is a proprietary stock analysis software and automated technical analysis program for day trading, swing trading and investing. It aims to help you spotting and exploiting trends faster than the average trader and also to help you track price movements and indicators.
TrendSpider’s technical analysis software takes charting, alerts and backtesting to a whole new level. They offer popular analysis tools like Fibonacci retracements, and innovative features like raindrop charts are also available.
But is it better suited for an investor or day trader? Is it one of the best charting platforms for retail traders, and are the indicators and data worth it?
- Trendspider was founded in 2016, and its products are innovative and fully customizable. They use smart algorithms to take emotion out of the trading equation.
- Designed by traders, for traders, TrendSpider serves thousands of registered members.
- Their offices are located in Chicago, Denver, India, Russia, and Ukraine.
- Customizable automated Technical Analysis, automatic trendlines, charts, indicators and dynamic price alerts are the core components. Trading education takes place by video and via in-depth blog posts.
Best Stock Ttrading App
- Invest & Trade | M1 Finance
- TD Ameritrade Mobile
- Olymp Trade – Online Trading
- Best Brokers Stock Market Game
- IG Trading
- Real Time Stocks Track & Alert
- IBKR Mobile
- Schwab Mobile
- Wealthsimple Invest
- Kite @ Zerodha
- Yahoo! Finance
- Kotak Stock Trading App
- IQ Option – FX Broker
- Learn Stock Trading Basics & S
- Plus500 Trading
- Stock Market Simulator
- ERA Edelweiss Research App
- Paytm Money Stocks Trading App
- MO Investor
- mStock – Stocks, Demat & IPO
- Stock Market Simulator
- Upstox – Stocks & Mutual Funds
Tips for Investing
For investors just getting started, picking the right trading platform can be a key step in the process. Our guide on investing for beginners can help you learn the other key steps in this process, from understanding the numbers to picking your assets.
Practice makes perfect, and while you should certainly practice as much as possible there are also people out there who practice 40 hours per week. Finding one doesn’t have to be hard.
SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.