Source : Finviz
When looking for investment ideas and tips, stock screeners are a really great idea.
The best screeners available provide a large array of different information based on unique criteria, such as P/E ratios or 12-month trailing EPS (earnings per share), and allow you to identify potential winners.
But since there are so many of them out there which one should you use?
In this article, we’re going to do a finViz review. We’ll look at the pros and cons of using FinViz – a widely known technical analysis platform for investors and traders alike.
In this article, we review the pros and cons of using FinViz – a widely known technical analysis platform for investors and traders alike.
- It’s free (ish)
Well, great software becomes even better when it’s available to anyone at no cost. Despite having a premium version known as FinViz Elite, available for about $25/month, you probably won’t need it because the free version kicks ass. Especially if you are just starting out, it doesn’t make sense to pay for tools and subscriptions on a monthly basis.
- Simple UI
The amazing thing about Finviz is its very user-friendly, yet powerful user interface (UI). The overall functionality is quite impressive. For instance, you can hover over any stock ticker that shows up in your screener and immediately have its stock chart pop up on screen. Cool right?
Everything is set up precisely, filters make it easy to segment the market the way you desire, and the whole screener is designed beautifully. Other screeners can be guilty of horrible design but Finviz definitely stands out. Finally, and most importantly, it is easy and intuitive to use.
3. Depth of offering
Finviz offers a great depth of technical, descriptive and fundamental information on stocks. It also offers great heat maps and insider trading feeds and displays search results very quickly and in a stable manner. News items, on the other hand, are sourced from very reputable media outlets such as MarketWatch, Bloomberg, NBC and much more. FinViz also has a blog that collates information from sources including Zero Hedge, Ritholtz, Seeking Alpha and Vantage Point.
One really interesting feature Finviz offers is backtesting. Backtesting is when one tests a trading strategy on historical data to figure out whether or not the strategy would be successful. It is an important instrument in any budding investor’s toolkit and the fact that Finviz offers it is very exciting.
4. Insider Sales Tracking
When insiders of a company start dumping stock or buying up stock it is a good idea to not be on the opposite side of that trade. Finviz provides info on insider trading so that you are not left behind. This is a fantastic feature.
Sign Up For Finviz And Find The Best Trending Stocks!
Freebies come with some very common problems and such include video ads. The free version of Finviz displays video ads which can be a little annoying if you are not comfortable viewing random ads from advertisers.
- Freemium model
Some of the coolest features are not available for free. Finviz uses a freemium model, so they offer the basic screener for free and ask you to pay for all the juicier stuff. If you were excited about backtesting then you will be saddened to hear that this feature is saved for paying customers. Other paid features include real-time stock quotes, advanced charting and email alerts.
For more information check out Finviz Stock Screener Review
The Bottom Line
Well thats it folks! Thats it for our FinViz review, you can think of it as an easy-to-use tool that is beneficial to any trader interested in technical analysis and vetting their stock picks in a scientific manner. Sign Up For Finviz And Find The Best Trending Stocks!
BEST STOCK NEWSLETTER for the last 5 Years (July 24, 2021 UPDATE)
One of last year's Motley Fool Stock Picks is up 648% and 6 others have already doubled!
We have been tracking ALL of the Motley Fool stock picks since January 2016. That's over 5 years and over 120 stock picks. As of July 24, 2021, 19 of their 24 stocks picks from 2020 are up with an average return of 93% compared to the SP500's 41%.
In addition, their 2019 stock picks are up 126%; their 2018 stock picks are up 253%; their 2017 stocks are up 223% and amazingly their 2016 stock picks are up 462%. The Motley Fool has done so well because they have quickly identified stocks each year that will perform well in the current environment. They adapt and constantly pick stocks before everyone else realizes the opportunities. Now they are starting to pick stocks that will do well in the post-Covid world and Biden presidency.
- Fiverr Intl (FVRR) - Sept 3, 2020 pick is up 75% in just 3 months
- CrowdStrike (CRWD) – June 4, 2020 pick and it is already up 74%
- Zoom Video (ZM) – April 16, 2020 pick and it is up 172%
- Shopify (SHOP) – April 2, 2020 pick and it is up 204%
- Zoom Video (ZM) – March 19, 2020 pick re-recommended and it is already up 301%
- DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 15%
- NVTA picked February 6, 2020 is up 129%
- Tesla (TSLA) picked January 2, 2020 before the crash and it is up 596%
- HubSpot (HUBS) picked December 5, 2019 and it is up 152%
- Netflix (NFLX) picked November 21, 2019 and it is up 59%
- Trade Desk (TTD) picked November 7, 2019 and up 368%
- Zoom Video originally picked Oct 3 and it is up 433%
- SolarEdge (SEDG) picked September 19, 2019 and it is up 204%
Now, no one can guarantee that their next picks will be as strong, but our 5 years of experience has been super profitable. They also claim that since inception, their average pick is up 596% and now we believe them. Many analysts are saying that we have passed the bottom of this COVID crisis and "certain" stocks will recover quickly and be the new leaders. So make sure you have the right stocks in your portfolio.
Normally the Fool service is priced at $199 per year but they are currently offering to new subscribers for just $99/year if you click this link.
Here is their release schedule of their upcoming stock picks:
- April 6, 2023 - New Stock Recommendation
- April 13, 2023 - List of 5 Best Stocks to Buy Now
- April 20, 2023 - New Stock Recommendation
- April 27, 2023 - List of 5 Best Stocks to Buy Now List
So, if you have a few hundred dollars to invest each month and plan on staying invested for at least 5 years, we haven't found any better source of stock picks.
CLICK HERE to get the next 24 Motley Fool Stock Picks for just $99!