Finviz Stock Screener Review – How Does it Compare?

About Finviz

Finviz is a browser-based inventory market analysis platform that provides helpful technical and elementary instruments for each merchants and traders. Finviz is brief for monetary visualizations, which completely describes this web site. Finviz is filled with distinctive knowledge views, charts, and warmth maps. It additionally affords stats, a inventory screener, information headlines, and social media streams.

It may well take a little bit of acclimation to get used to Finviz. However the sheer quantity of sources make this platform a digital one-stop store for locating buying and selling and investing alternatives within the inventory, futures, and foreign exchange markets.

Finviz affords each a free model and a paid model (Finviz Elite). There’s little question that the free model is filled with nice options, however Finviz Elite affords much more instruments. So, is the paid subscription definitely worth the cash? Preserve studying our FinViz evaluate to search out out.

Finviz Pricing Choices

There are three membership plans at Finviz: Free, Registered, and Elite.

The Free plan gives entry to a majority of Finviz’s instruments, together with interactive charts, knowledge visualizations, and screens. The catch is that knowledge is delayed by as much as 5 minutes. There are additionally no intraday charts, portfolios, or screener presets with an unregistered free account.

The Registered plan requires you to enroll along with your electronic mail, but it surely’s nonetheless free. Registered customers get entry to 50 inventory screener presets, portfolio tickers, and portfolios. You too can save your inventory screeners which is a pleasant additional advantage.

The Finviz Elite plan gives real-time and pre-market quotes, superior charts, screening with intraday charting, technical research, backtests, correlation evaluation, and electronic mail alerts. It additionally consists of as much as 100 portfolios, tickers, and screener presets, plus eliminates the entire ads on the positioning.

Finviz Elite prices $39.50 a month or $299.50 in the event you pay for the entire 12 months upfront. That is comparatively cheap when in comparison with different scanners. We’ll focus on whether or not or not it’s truly price it in our Finviz Elite evaluate.

Finviz Options

Finviz is an all-in-one inventory market analysis web site with instruments for day buying and selling, swing buying and selling, and investing. Whether or not you’re a day dealer or an investor, you’ll discover useful options on this platform.

Let’s take a better look.

Information

Information headlines on Finviz are extracted from quite a few free information feeds together with PR Newswire, Briefing.com, MarketWatch, Bloomberg, CNN, NBC, and Wall Avenue Journal. Weblog headlines are aggregated from sources like Looking for Alpha, Motley Idiot, Zero Hedge, Vantage Level Buying and selling, Mish Speak, Calculated Danger, Ritholtz, and Each day Reckoning.

Finviz positively affords one of many higher free market newsfeeds. It’s straightforward to scan the headlines and see which sources they got here from. I discover it to be loads simpler to make use of than the newsfeed on Yahoo Finance, for instance.

Warmth Maps

Finviz’s warmth maps are useful visualizations that give merchants and traders a hen’s-eye view of the sectors and shares experiencing noteworthy worth motion. They are often accessed from the homepage or instantly from the “Maps” web page on the positioning.

Warmth maps might be filtered by:

S&P 500

ETFs

World markets

Full inventory market

From there, the warmth maps might be organized in keeping with metrics like:

1 Day Efficiency

1 Week Efficiency

1 12 months Efficiency

P/E

Relative Quantity

PEG

Dividend Yield

And extra

The warmth maps part affords probably the greatest visualizations on the positioning. You should use this instrument to gauge the general well being of the market and discover high winners and high losers in any sector.

Most individuals stick to the default efficiency breakdown, however the extra filters present a ton of invaluable insights. For instance, traders can use the “Dividend Yield” view to search out shares with the most effective annual yields. Lively inventory merchants can use the “Relative Quantity” view to search out probably the most liquid shares.

I didn’t understand how helpful warmth maps are till I began utilizing them on Finviz. The depth of every sector and the main gainers and losers in these sectors are displayed in a visually and logically interesting format. There’s additionally an choice to show the warmth map knowledge in bubbles, however I desire the squares.

One of the best a part of the warmth maps module is that it’s utterly free. Whereas Finviz Elite subscribers have entry to real-time market knowledge, free customers have entry to the identical visualizations with knowledge delayed by 3-5 minutes. This delay isn’t an enormous deal for many warmth map analyses.

Sector Efficiency Instruments

FinViz affords fast visualization instruments for analyzing sector efficiency beneath the “Teams” tab of the web site. This instrument breaks down efficiency into teams, together with particular sectors, industries, and themes. Teams might be segmented by order based mostly on elementary efficiency metrics like P/E, market capitalization, EPS, and worth/money, to call a number of. Merchants can see the place the cash is flowing after which delve deeper into the group to search out particular person shares price buying and selling.

This instrument is extremely useful for seeing which sectors are performing effectively throughout long-term and short-term timeframes.

Insider Gross sales Monitoring

The “Insider” tab of the web site gives insider buying and selling data to assist merchants get a leap on potential worth motion. Shares usually transfer on insider buying and selling knowledge, particularly when high executives purchase or promote shares on the open market.

Finviz is a superb useful resource for locating potential trades based mostly on high insider trades. The desk isn’t as visible as a few of the platform’s different instruments, but it surely’s very helpful for traders who make choices based mostly on an organization’s administration and insider transactions.

There are inventory market providers like InsiderCow which can be constructed solely round buying and selling insider buying and selling exercise. On Finviz, this is only one of many options.

Futures

The futures tab gives warmth maps for fairness, commodities, and currencies futures. It’s a fantastic overview of the futures market. The maps make it straightforward to visualise correlations between the assorted futures contracts. You possibly can verify the efficiency of worldwide markets, crude oil, commodities, and currencies. I like to make use of the Finviz futures characteristic after market hours to see how the market could carry out the following day.

The web site has comparable warmth maps for the foreign exchange and crypto markets.

Portfolio monitoring

Customers can create customized portfolios or watch listing to easily monitoring and monitoring particular shares. Finviz tallies up the entire efficiency and greenback acquire or loss for every portfolio, which is basically handy. I like to make use of the portfolio administration instruments to create segmented watch lists like “momentum shares” and “swing trades.”

Inventory Screeners

We saved the most effective a part of our Finviz evaluate for final.

The inventory screener is the crown jewel of this service and simply its most dear characteristic. Finviz affords probably the greatest free inventory scanners in the marketplace at this time.

The screener is extremely versatile and versatile, even free of charge customers. Truthfully, Finviz may maintain its personal as a standalone inventory screener, even when it eradicated all of its visualizations and market monitoring instruments.

The screener is utilized by veteran day merchants, reminiscent of Nathan Michaud at Traders Underground.

The inventory screener is comparatively straightforward to make use of and permits customers to create scans utilizing a formidable number of filters.

Descriptive filters like market cap, trade, quantity, dividend yield, and brief float.

Basic filters like P/E, Value/Money, EPS, Fast Ratio, and institutional possession.

Technical filters like 20-day easy transferring common, RSI, ATR, volatility, and candlestick. A “sample” filter enables you to seek for basic technical patterns like wedges, cup and handles, head and shoulders, triangles, and double tops and bottoms.

The Sign dropdown consists of the patterns in addition to high gainers and losers, insider shopping for, uncommon quantity, and far more. The charts present pattern channels and 50/200 interval easy transferring averages. Outcomes might be displayed by symbols, charts, or snapshots, which embody fundamentals, information, and firm summaries together with technical charts.

Customized scans might be created and saved relying on the kind of plan you might be signed up for. You possibly can create your personal customized scans utilizing quite a lot of technical indicators and elementary knowledge factors. The mixture of filters mixed with the pattern strains and added technical instruments make this a tremendous useful resource. As soon as acclimated, you possibly can put collectively some amazingly exact screens for very particular outcomes.

The scan outcomes are clear and straightforward to investigate. The outcomes are simply as spectacular because the scans themself. You possibly can view leads to desk format or as charts with pre-annotated technical evaluation.

The scans themself are easy however highly effective. I discovered them simpler to make use of than different on-line scanning platforms like StockFetcher and ChartMill.

Most merchants I do know have used the free inventory screener from Finviz at the very least as soon as. This begs the query, “is the Finviz Elite screener price it?”

The Finviz inventory screener is likely one of the greatest free buying and selling instruments in the marketplace. For a lot of merchants, the free inventory screener can be adequate. That stated, there are a number of good causes to improve to the Finviz Elite inventory screener:

Get Entry to Actual-Time Information – The Finviz Elite inventory screener lets you display shares in real-time. Whereas delayed knowledge could also be adequate for scanning exterior of market hours, you’ll positively need real-time knowledge in the event you plan to make use of Finviz intraday.

Extra Customization – The Finviz Elite inventory screener gives extra customization choices. It can save you extra presets, view extra outcomes per web page, export outcomes, and so forth. If you end up hitting the boundaries on the Finviz free plan, it might be price upgrading.

Inventory Analysis

Finviz gives entry to analysis instruments that may be useful for merchants who wish to dig deeper into the outcomes of their greatest inventory screeners.

The Finviz inventory market portal is a knowledge goldmine and the platform affords key knowledge factors for particular person shares. When you create a scan and discover shares that you simply’d wish to analysis additional, Finviz gives an efficient instrument for analyzing key knowledge factors. The inventory market portal affords a ton of knowledge that may assist you to make higher buying and selling choices.

Merchants can get entry to essential market knowledge factors like:

Firm income

Market cap

Earnings

Dividends

EPS

Share construction (i.e., excellent shares and float)

Brief curiosity

Inventory worth efficiency

Technical knowledge

And far more!

Finviz additionally gives entry to superior charting.  You possibly can select between candlestick charts, bar charts, technical charts, and extra. Whereas we wouldn’t contemplate Finviz to be a standalone charting platform for performing deep technical evaluation, the inventory charts are nice for fast evaluation and analysis. It’s clear that the superior charts will not be an afterthought.

What Kind of Dealer is Finviz Greatest For?

Finviz.com has sources for merchants and traders of all talent ranges. The depth of the instrument is superb, particularly with the free entry in the event you can deal with the continuous video pop-up adverts. The worth is nice for the month-to-month service, which permits for intraday knowledge.

Most merchants can be impressed by the sheer variety of helpful instruments, together with probably the greatest multi-filter screeners in the marketplace.

Better of all, a few of the strongest instruments within the platform can be found free of charge. This may be nice for merchants who don’t have entry to a inventory screener via their brokers (like Robinhood) or premium scanners like EquityFeed.

Finviz is likely one of the few providers the place the free service is so good that you could be not even must pay for the premium subscription. Personally, I exploit different scanners like Commerce Concepts for my intraday buying and selling, however discover that Finviz is great for creating watch lists and discovering data on corporations.

I like the Finviz scanner as a result of it lets you view the charts for every inventory that reveals up within the scan outcomes. This protects me a ton of time when creating watch lists. Though Finviz isn’t a standalone charting platform, the charts are spectacular. I desire them to standalone platforms like StockCharts.com, particularly on the subject of analyzing scan outcomes.

As talked about above, you can even get a ton of data on particular person shares, reminiscent of float, brief quantity, and extra.

You possibly can examine how FinViz compares to different platforms within the guides beneath:

Is Finviz Elite Price It?

To date, our evaluate has been primarily targeted on the free Finviz service. Now, it’s time to try the Finviz Elite plan.

Finviz Elite is similar to the free model of the service but it surely has fewer restrictions and affords entry to real-time quotes.

Finviz Elite is a premium service that provides a number of extra advantages. These core advantages embody:

Actual-time Information (versus delayed knowledge)

Superior charts

Superior scans

Intraday charts

Basic charts

E-mail alerts

Proprietary correlation algorithms

Extra preset scans

Extra portfolios

Extra customizations

Here’s a full comparability of the Free, Registered, and Finviz Elite plans:

Elite customers take pleasure in an ad-free expertise (which appears to alleviate the largest grievance from free customers). There’s little question that the adverts on the Finviz web site are intrusive. When you use the positioning often it might be price paying for an Elite subscription simply to do away with these adverts.

Finviz Elite Backtesting

Finviz Elite customers even have backtesting capabilities that enable them to backtest methods utilizing 16 years of historic knowledge. You should use all of Finviz’s built-in technical indicators, together with the sample recognition options.

It’s very easy to construct backtests in Finviz and design methods that seem to beat the market. However a serious flaw is that you may’t see the person trades that went into the backtest or particulars like your most drawdown or greatest win.

Backtesting in Finviz Elite is sweet to have for some buying and selling methods, but it surely’s a bit laborious to belief the outcomes with out with the ability to dig into them.

Ought to You Pay for Finviz Elite?

The Elite plan is priced at $39.50/month or $299.50/12 months (which equates to $24.96/month). The query is, is it price it?

First issues first, in the event you’re going to join the Elite service, you must lock within the yearly charge. The pay as you go annual subscription is 36% cheaper than the month-to-month subscription.

As for whether or not or not the Elite service is price it, you want to contemplate how you intend on utilizing the service.

How do you intend on utilizing Finviz? Personally, I solely use Finviz for operating scans after the market closes. These scans make it straightforward to construct watch lists for the following day. I exploit a standalone buying and selling platform for intraday charting and scanners. I can’t see Finviz changing a desktop inventory scanner like Commerce Concepts and EquityFeed.

Since I solely use the Finviz inventory screener after hours, I’ve no want for real-time knowledge, nor do I want any of the opposite Elite options. I additionally desire desktop inventory scanners to web-based scanners (for real-time scans).

This is likely one of the uncommon circumstances the place the free model of a service is so good that I can’t justify paying for the premium model. It could be good to do away with these pesky adverts, however that’s not sufficient to push me to improve.

That stated, some merchants could profit from real-time knowledge and superior scanning choices. We have been favorably impressed by every part we uncovered in our Finviz evaluate.

When you’re on the fence, I’d suggest beginning with a one-month subscription to the service. Each subscription is backed by a 30-day money-back assure, so if you’re sad, your buy is protected.

Finviz FAQs

Is Finviz knowledge delayed?

Free and Registered customers obtain knowledge that’s delayed by 5 minutes in Finviz. This isn’t an enormous deal for traders or for after-market screening, but it surely does matter for intraday buying and selling. Finviz Elite customers get entry to real-time knowledge.

What belongings does Finviz embody?

Finviz is primarily designed for inventory evaluation, however the platform additionally has visualizations for the foreign exchange, crypto, and futures markets.

Does Finviz have alerts?

Finviz Elite affords worth alerts and information alerts. You too can obtain a notification when a brand new ticker matches the factors for certainly one of your saved screens.

Execs

Wonderful screener with preset technical sample scans

Nice warmth maps and insider buying and selling feeds

Steady and quick outcomes

Comparatively straightforward to make use of

Nice depth of detailed technical and elementary data on shares

Portfolio monitoring and customized screens might be configured and saved

Nice for every type of buying and selling, together with swing buying and selling, day buying and selling, and investing

Cons

Homepage design may use streamlining

Video adverts might be fairly annoying with the free service