If you looking for the best stock screener, then you are on the right page. In this Finviz review, we have concluded an in-depth analysis.
Finviz is an all-in-one toolkit for investors and traders, with a concentration on US markets.
Finviz’s stock market gateway 02includes a plethora of tools such as stock screeners, news feeds, portfolio management, and stock chart1i2ng.
Due to the fact that Finviz enables traders and investors to swiftly screen and identify stocks based on preset criteria, professional traders regularly utilize this platform to save time.
With a focus on US markets, Finviz offers a complete toolkit for investors and traders.
Stock screeners, news feeds, portfolio management, stock charting, and other tools are available on this stock market platform.
The goal of Finviz is to offer its consumers the best financial research, analysis, and visualization available.
The website is incredibly user-friendly considering the wealth of information it contains.
Despite having an outdated user interface, it loads quickly, which is useful if you’re always looking for information to act on.
One of the most widely used stock screeners today is Finviz. In actuality, both novice and experienced traders, as well as investment organizations, heavily utilize Finviz.
Who Makes Use of Finviz?
Finviz may be utilized by both novice and seasoned investors and traders, I know that sounds cliche. This is due to a number of factors.
The feature set of Finviz includes both technical and fundamental indicators. That confirms that a huge audience is served.
For instance, its screener enables us to hunt for businesses that fit a specific set of requirements. It may be used by seasoned traders to look for businesses that are about to make a technical shift.
For instance, based on their RSI, they could search for oversold stocks.
The Finviz tool allows swing traders to identify equities that are oversold or overbought but traded in a specific channel. The stock market scanner is therefore the best tool for identifying fresh business concepts.
The best-performing assets over a specified time period can be found via momentum operators.
Technical traders can set up conventional graphics models or look for movements that deviated from the norm by using the stock search tool.
This helps beginners save time when performing technical analysis, in particular.
Why You Should Choose Finviz?
- The customers receive a lot of information that is quite helpful in tracking the performance of connected equities.
- Its user-friendly UI is excellent.
- the simplicity of use for both experienced and novice traders.
- There are custom filters available, which might help you save time.
- Backtests can be used to conduct profitability studies and give users Real-time and Pre-market data.
- If you are dissatisfied, they will refund your entire subscription fee within 30 days of signing up.
- Both the free and registered versions have no advertisements.
Finviz Elite Review
There are many wonderful features included in the Finviz free version. The free version may please investors. Finviz Elite, on the other hand, offers a significant value addition at a reasonable price if you are a trader.
You can see a compiled representation of every scanning tool available by selecting the All option.
This stock screener features filters that can be used to further refine your search; they are accessible just below the major tabs.
For instance, the Exchange, Market Cap, Earnings Date, and Target Price screener filters appear in the first column under the Descriptive tab.
The built-in filter choices allow you to further hone your stock scan findings, and you can even save personalized screener presets for later use.
You can use any of the additional 13 built-in filter choices, including Short Float, Sector, Industry, and Price, to further restrict the number of stocks.
Here, we have included key benefits of Finviz Elite:
You have the ability to fine-tune Finviz Elite’s visual attractiveness using the customization choices.
The customization function distinguishes the premium FINVIZ stock screener from the free versions by enhancing time-saving adaptability and flexibility.
When it comes to quick, accurate stock scans, having practically any filter available for customization can be a game-changer.
Additionally, you can modify the time frame and the number of screener rows on the hover charts.
2. Modul for Backtesting
The backtesting option is intriguing but not as excellent as the one from Trade Proposals. The user interface is adequate, and you may start a new backtest by selecting “make your first backtest.”
You can also include transaction expenses in the computation, as well as alternative entry and exit circumstances.
A stop loss level and a time-based exit can also be set. Of course, you may use Finviz Elite to test both long and short strategies.
3. Price Alerts & Notifications
Although the price alert and notification tool is a great one, your trading platform undoubtedly has one that is superior.
It is, however, a part of Finviz Elite. So go ahead and give it a shot.
Select “settings” from the menu under “info” in the upper right. You clicked “alerts” there. Your alerts can be configured there.
4. Pre-Market & Real-Time Data
Finviz Elite offers access to the pre-market session as well as real-time data. The price for the data stream is already included in the Finviz Elite membership.
Normally, Finviz Elite is more expensive per month than only the data feed for stocks and futures.
Finviz Free Trial & Discount
Only Finviz Elite will give you access to real-time data, intraday charts, and backtesting features because Finviz’s free versions are severely constrained.
You can save $174.50, if you billed yearly.
Finviz Discount: Save $174.50
You can save $174.50, if you billed yearly.
You have the option of paying annually or monthly for the paid-for Elite plan. The monthly rate is $39.50 and the annual subscription fee is $299.50.
You can see that the annual subscription charge is significantly more desirable because it is $174.50 less expensive than the monthly one.
Key Of Features Finviz
It can take a lot of time and effort to find stocks with correlated or inversely correlated associations.
The correlation feature in FINVIZ Elite may quickly provide stocks with the necessary correlation whether you employ descriptive, fundamental, or technical analysis.
For instance, select any stock under the Market Cap variable on the Descriptive tab. You’ll be able to view stocks that are directly or inversely correlated to your stock right away.
Your portfolio is more diverse if it includes stocks with inverse correlations. Diversity provides protection against unfair equity losses.
Additionally, by purchasing stocks with low correlation, you might opt to lower the volatility in your portfolio. In either case, this sophisticated correlation function will be effective.
Only Finviz Elite members have access to the portfolio feature. I will go into more detail regarding Finviz Elite later on in this Finviz review. Additionally, you can find there the Finviz portfolio’s essential information.
3. Heat Maps
With no intraday charts, Finviz provides three to five-minute delayed maps. Heat maps are fantastic tools that make it easy to browse and analyze vast volumes of market data quickly.
Although traders can browse stock maps of a particular group, country, sector, exchange, or industry, the tool offers a general perspective of the market.
Additionally, if a sector or stock catches your attention, you can do more research on it.
Additionally, you can decide how the heat maps should be shown, including in squares or bubbles for a more individualized appearance.
4. Assets Pages
You can access an asset page by either clicking on a stock that is posted elsewhere on the website or by using their amazingly quick search feature to look for the company.
The profile page for stock offers a variety of crucial information, including technical charts, fundamental data that is color-coded, listings of expert ratings, recent news, and insider trading details.
This material is presented in a very straightforward manner.
In contrast, WallStreetZen’s assets page has a good layout as well. It offers a tonne of useful information and looks quite well on a smartphone.
The scanner essentially provides you full control over every scan you make, and the best part is that you may decide to save the scans you prefer for later use.
Thus, this tool spares traders the endless hours they would have needed to spend manually scanning charts.
This makes it a very effective instrument for investors who want to purchase and sell equities at the best periods.
By entering numerous parameters, the website enables traders and investors to obtain every stock that meets their requirements.
You have the option of narrowing your search for stocks by price, beta, a certain candlestick pattern, market cap, RSI, average volume, float short, sector, or even shares outstanding.
Traders can sort the Finviz news section by source or time to get breaking news quickly. Bloomberg, PR Newswire, the Wall Street Journal, Briefing, CNN, NBC, and MarketWatch are just a few examples of free news sources.
Blogs are broadcast for free on a number of third-party websites, including Vantage Point Trading, Seeking Alpha, Daily Reckoning, Calculated Risk, Zero Hedge, and Mish Talk.
This capability allows users to narrow down their news searches. As a result, visitors may quickly search for news about a specific organization.
Finviz Pricing & Plans
Mainly Finviz has three types of membership pricing plans.
- Free plan
- Registered plan
- Elite plan
1. Free plan
Finviz’s free plan is commercial, yet it offers significant value to early buyers. You can discover and screen over 10,000 stocks, check delayed charts, and access the news feed without registering.
The free plan is ideal for new investors who wish to test the market without any risk.
2. Registered plan
Users must register for the registered plan on the website. They can leverage additional FINVIZ functionalities by doing this. It takes fewer than three minutes to complete the straightforward registration process.
Daily charts and graphs, restricted screener results, portfolio tickers, 50 screener presets, and all other free access features are all available to registered users.
Users of the option are not required to pay anything, although it has fewer features than the elite price option.
3. Elite Plan
The cost of the monthly subscription to the elite plan is $39.50. By choosing an annual subscription, which costs $299.50, users can save money.
Premium features are equally accessible under the monthly and annual pricing options.
What Could Be Improved in Finviz?
- Mobile Application
If you expect comprehensive market coverage, you will be disappointed. Finviz exclusively covers US markets, so you’re out of luck if you’re seeking European or Asian statistics.
Foreign enterprises are covered as long as they trade in US markets.
This may be fine if you’re only interested in US equities, but traders seeking exposure to international markets will need to go elsewhere.
It doesn’t appear to be as good as websites like TradingView and TrendSpider. Although its speed is a benefit, I believe Finviz should consider increasing its investment in this area.
3. Mobile application
Finviz has no mobile app. On top of that, the website isn’t mobile-friendly. This makes the experience of using Finviz on the go quite poor.
We are dissatisfied with Finviz’s limited covering of ETFs. It is obviously focused on stocks, and most stock tickers provide additional information that is really helpful.
Finviz pros & cons
1 excellent heat maps. 2 aggregation of integrated news. 3 Excellent visualisation of the industry and sector. 4 33 automatic indications from stock charts. 5 Affordable among competitor. 6 The best stock screeners available. 7 Insider Sales Tracking. 8 30-day money back guarantee. 1 Market data only covers US. 2 All features are not available free.
excellent heat maps.
aggregation of integrated news.
Excellent visualisation of the industry and sector.
33 automatic indications from stock charts.
Affordable among competitor.
The best stock screeners available.
Insider Sales Tracking.
30-day money back guarantee.
Market data only covers US.
All features are not available free.
Final Word: Finviz review
Finviz provides good value for the money overall. It’s a terrific platform for beginner traders who aren’t ready to invest their hard-earned money because there is a free plan and a free-registered plan.
However, because it is free, it has fewer features than the paid service, Finviz Elite.
The Finviz Elite package is definitely worth a try if you want to have access to top-notch stock screening tools at an amazing price.
After all, if you are dissatisfied and decide to discontinue your subscription, you can always get your money back. Not to mention that a monthly subscription is only $39.50 and a yearly subscription is only $299.50.
Frequently Asked Questions
How good is finviz?
Its extensive toolkit, which includes real-time data, interactive charts, pre-market data, and backtesting utilizing years of historical data, is what sets it apart for swing traders, though. All investors and traders should consider FINVIZ, but we think it’s the greatest stock screener for swing trading.
How much does finviz cost?
The cost of the monthly subscription to the elite plan is $39.50. By choosing an annual subscription, which costs $299.50, users can save money. Premium features are equally accessible under the monthly and annual pricing options.
Is finviz elite good for day trading?
A Finviz Elite subscription is advised in order to use Finviz for day trading to its fullest potential. This offers real-time quotations and screener customization that are necessary for this kind of day trading. Only want stocks that do a respectable amount of daily volume (Average Volume=Over 2M).
Is finviz elite worth it?
We believe that the FINVIZ Elite plan is more than reasonable at $24.95/month for traders who are serious about enhancing their trading ability with the premium scanning feature and other market research tools offered by FINVIZ.
How do you get finviz elite for free?
Not at all—creating a FINVIZ Registered account is costless. Just your email address and a password are required. Additionally, you can use Paypal to pay for FINVIZ Elite if you decide to sign up.
Does finviz have an app?
All traders and investors, whether beginners or experienced, should have the Finviz app in their trading toolbox because it is an easy-to-use stock scanning tool.
Can you trade on finviz?
Based on the selected filters, traders will use Finviz to find the best stocks to trade.
Is finviz real?
One of the most well-liked stock screens now available to investors is Finviz. A stock screener and trading tool called Finviz is used to produce financial displays.
What does Finviz’s free option entail?
Finviz offers a free stock screener, groups, maps, portfolio management tools, insider trading data, and a strong search engine, among many other things.
Who makes use of Finviz?
Both beginner and experienced investors, including those from Bank of America and Goldman Sachs, among others, use Finviz.