FINVIZ REVIEW TEST RESULTS & RATINGS
Finviz is packed with charts, data, and market insights to help you make informed decisions. In this review, we’ve researched Finviz profoundly, tested it, and decided how it stands up regarding features, ease of use, and overall value. So, whether you’re a beginner or a seasoned pro, let’s see how Finviz can fit into your financial toolkit!
Who Uses Finviz?
Finviz is a powerful financial visualization tool. Stock traders find it invaluable for its ability to scan and analyze price movements and patterns quickly. Investors utilize it to research and compare fundamental data across various companies.
Portfolio managers and financial advisors use it for screening features to identify investment opportunities. Even finance students and casual market observers use Finviz to learn about market trends and real-time news.
Pros and Cons of Using Finviz Stock Screener
- Free offerings, making it accessible for beginners and those on a budget.
- Offers multiple filters and charts, helping in detailed stock analysis.
- Provides real-time data on thousands of stocks (for premium members), helping identify timely trading opportunities.
- It is well-suited for swing traders and long-term investors due to its comprehensive screening and research capabilities.
- Premium membership opens up advanced features like backtesting, alerts, real-time stock quotes, and advanced charting, serving as an all-in-one resource for daily trading needs.
- <liMight not be the best option for active day traders who require instant data.
- Premium features, while valuable, come at a cost, with subscriptions ranging up to $39.50/month.
- The free version may present limitations for advanced traders seeking comprehensive analysis tools and real-time data.
- interface, while data-rich, can feel overwhelming to new users’ unaccustomed to dense financial information.
- There’s a learning curve to efficiently guide and utilize Finviz’s future, which might deter those looking for simpler solutions.
Types of Technical Indicators Used in Finviz
Alright, let’s break it down simply. When you hop onto Finviz to peek at how stocks are doing, you’ll come across some nifty tools called technical indicators. These secret codes help you make logical conclusions as to where a stock might be heading. Here’s a quick rundown of the types you’ll see:
- Trend Indicators: These indicators help you see how the stock “wave” moves. Up, down, or sideways? It’s all about spotting the direction.
- Momentum Indicators: Momentum indicators tell you if a stock is about to speed up, slow down, or keep going at its current pace.
- Volume Indicators: Volume indicators measure how many shares are being bought or sold.
- Volatility Indicators: Stocks can be calm one day and wild the next. Volatility indicators are predicting when things might get stormy or stay smooth.
- Oscillators: Oscillators bounce back and forth within a range and help you figure out when a stock is too high or too low.
Finviz News & Social Features
Let’s check the best news and social features Finviz has to offer.
- Your Daily Dose of Finance News: You’re getting quick, bite-sized updates on all the need-to-know stuff happening in the stock market.
- All-Star News Sources: What makes this news even better? It’s collected from the superstars of the financial news world, from The Wall Street Journal to Bloomberg, and more.
- Social Buzz Feed: The social feature uses StockTwits, a popular platform where traders exchange views, offering a sneak peek into what market gurus say.
How Does Finviz Help with Market Targets?
The platform’s screening feature helps narrow down a diverse market to a handful of stocks that suit your particular goals.
With Finviz’s detailed charts and indicators, you get a closer look at your chosen stocks – their past performance, current trends, everything.
With real-time data (for Elite members), you can time your investment or trading decision just right. It’s like throwing the dart right when the wind is in your favor.
Markets change daily, and so do opportunities. With daily news updates and social sentiment trackers, Finviz continues to help you find new targets and opportunities.
How Much Does Finviz Cost? (Pricing Review)
Here’s how Finviz’s pricing breaks down:
Finviz Pricing Review
- Unregistered Users
- Cost: $0 (Free)
- Features:
- Access to a comprehensive list of stocks.
- Delayed charts.
- News feeds for specific stocks.
- Stock information like average volume, ROI, and price change.
- Financial statements dating back three years.
- Registered Users
- Cost: $0 (Free, but requires registration)
- Additional Features for Registered Users:
- Track up to 50 portfolios.
- Include up to 50 tickers per portfolio.
- Use up to 50 screener presets.
- Access to layout customization.
- Finviz Elite
- Monthly Cost: $39.50
- Annual Cost: $299.50
- Elite Features:
- Access to real-time data and intraday charts.
- Fundamental and advanced charting.
- Technical studies and backtesting.
- Alerts, custom screener ranges.
- The portfolio limit increases to 100 and the ticker limits up to 100.
- Screener presets up to a maximum of 200.
Additional Notes
- The real-time data for Finviz Elite updates once a minute may not suit day traders who require second-to-second updates.
- The interactive charting feature does not support note saving or adding indicators.
- The detail level in backtesting reports may not meet the needs of advanced traders.
Types of Advanced Charts Available on Finviz
Finviz offers different charting types, we’ll just mention a few.
- Candlestick Charts: Candlestick charts show the opening, closing, highest, and lowest prices for your chosen stocks. Each “candle” represents a specific period, a day, week, or month. The color of each candle, usually red or green, shows if the prices went down or up in the specified period.
- Basic Line and Area Charts: These are the most straightforward charts. Line charts draw a line from one price point to the next, showing the flow of stock prices over time. Area charts enrich this view by coloring the area under the line, creating a more visually engaging representation.
- Advanced Line Charts: These charts allow you to track multiple stocks or compare a stock with an index, like the S&P 500. This way you can see how your stock performs against others or the broader market.
- Technical Analysis Overlays: These tools help you analyze a stock’s past performance to predict its future price movements. These include tools like Bollinger Bands, Moving Averages, Trendlines, etc., that “add layers” over your stock chart, providing deeper insights.
- Interactive Charts: Finviz gives you interactive charts you can manipulate instead of static charts in newspapers. You can zoom in or out to view a stock’s performance on a particular day or over the years.
- Tick Charts: Available for Finviz Elite members, Tick charts update every time a specified number of trades have occurred. These charts cater to the needs of day traders who require updates on every stock activity.
These advanced Finviz charts provide flexible tools to understand a stock’s performance better. While it may seem complex initially, with practice and time, you’ll find them becoming indispensable for your investment decisions.
What Basic Features Does Finviz Offer?
Let’s understand some basic features that Finviz offers in plain terms:
- Stock Screener: This tool lets you filter through lots of stocks. You can sort them out based on things like how much they cost, how much they make, and their performance metrics.
- Charts: Finviz serves up visual graphs for stocks that show how their prices have changed over time. You can look at them as lines or candlesticks, like bar codes telling you how the stock’s price has moved within a certain period.
- News: The platform collects news from around the web about companies and the stock market to see all the latest headlines in one spot.
- Portfolio: As a registered user, you can keep a list of stocks you watch. The site lets you watch up to 50 tickers in these portfolios.
- Customization: If you sign up for a free account, you can tweak how certain parts of the site look to your liking. This means you can set up the pages to show the information the way you find most helpful.
Futures and Forex Markets
Finviz shows the lowdown on futures and forex markets. This is handy if you’re into different investments, not just stocks.
- Futures: Fancy commodities or indices? Finviz drops real-time prices and charts at your fingertips. Plus, you get a trend gauge, indicating the general direction, like bullish or bearish.
- Forex: All about currency pairs? Finviz has got you covered with forex charts and the latest exchange rates. This is a big deal if you’re dabbling in currencies around the globe.
Finviz Registration and Login
Signing up on Finviz is a breeze. Just hit the register button, drop in some basic info, and bam, you’re in. This step unlocks more features like portfolio tracking and customization. And logging in? Like any other site – pop in your credentials and you’re good to go.
Additional Tools and Benefits of Using FinViz
Here’s what’s in store:
- Advanced Screener: Filters get sharper, so you zero in on the stocks that fit your needs like the perfect puzzle piece.
- Backtesting: Got a strategy? Test-drive it with historical data before putting real money on the line.
- Email Alerts: Keeps you in the loop, sending you updates when your stock hits the important marks you care about.
- Data Export: For spreadsheet lovers, you can pull data off Finviz and into Excel, making crunching numbers much easier.
Finviz Alerts (Elite Plan)
The Elite Plan ensures you never miss out on major moves or patterns in your chosen stocks. You can set up alerts for price changes, news, or new analysis findings, and they’ll hit your email inbox instantly.
Finviz Elite Backtesting Review
Backtesting with Finviz Elite lets you check how strategies would have fared in the past. It’s a great tool for optimizing your trading tactics without real-world risks.
Is Finviz Elite Worth it?
Finviz Elite can be worth the investment for serious traders who need up-to-the-second info, advanced charting, and extra tools that go beyond what’s free.
When to Use Finviz Free
For beginners, casual traders, or cost-conscious people, the free version of Finviz offers plenty of useful features like a stock screener, basic charts, and market news.
Finviz Alternatives
Other platforms like TradingView, Yahoo Finance, or StockCharts can serve as alternatives, offering varying levels of financial analysis depth, usability, and price points.
Is there a free trial for Finviz Elite?
Yes, Finviz offers a limited-time free trial for its Elite Plan, letting you test the premium features before committing to them.
Does Finviz scan premarket?
Yes, the Elite Plan provides pre-market scanning capabilities to take stock of the market terrain before the opening bell.
How to use Finviz to find breakout stocks
Breakout trading is all about catching the moment when a stock’s price moves outside a defined support or resistance level with increased volume. Here’s how to find breakout stocks with Finviz:
- Open the Finviz screener.
- Set the “Price” filter to “Over MA50”. This means the stock’s current price is higher than its 50-day moving average, which could indicate upward momentum.
- For the “Gap” filter, set the value to “5.5%”. This indicates the stock’s price has gapped up by at least 5.5%, showing a potential breakout.
These setups help you spot stocks that were previously sliding but are now hopping above their 50-day moving averages with a substantial gap, characteristic of a breakout.
Are Finviz stock quotes delayed or in real-time?
Real-time quotes are crucial for accurate trading decisions. With free Finviz access, you get stock quotes 12 to 15 minutes late. If you go for Finviz Elite, you get lightning-fast, real-time quotes with a delay of just one to five seconds. This helps you get the latest market data quickly for on-the-spot decisions.
Author Opinion
Finviz is a platform that levels the game. The free version is a solid starting point jam-packed with essential features. The Finviz Elite subscription can open a whole new world for serious traders with real-time data, advanced screening & backtesting, and timely alerts that could be essential for precision trading.