Jenny Miler
Conducting in-depth stock analysis is not an easy task, as we need to conduct background checks on a company, from earnings reports to stock price trend analysis. Therefore, we often rely on software to do heavy lifting for us.
Before picking the best stock analysis software, we should also understand the advantages and disadvantages of each software. Once you choose unreliable software, it is possible to get wrong analysis results, which will affect your investment.
I have over five years of experience investing in stocks and have used over 20 different stock analysis software. Most of them I've given up, and a few I still use today. Here is my list of the best stock analysis software.
Based on my experience, good stock analysis software should have the following features:
Recommended Rating:
Cost: $12.95 - $499.95/month, or $155.40 - $5,999.40 / year
Free trial: Yes, 30 days
Tradingview is a multi-functional platform that provides traders with real-time market data, advanced charts, and many stock analysis tools. If you enjoy doing in-depth technical analysis on stocks, then I highly recommend you try TradingView.
TradingView offers over 400 popular indicators and access to over 110 drawing tools, all of which are helpful for traders, only if you know how to use them. The majority of TradingView's tools are free to use and easily accessible. Many brokerage platforms usually rely on TradingView's platform for their own, so using this stock analysis software will be unavoidable.
With TradingView, you can view the data of stocks, crypto, and ETFs from 150+ exchanges in 50+ countries. Moreover, you can use TradingView's screeners to screen stocks and other asset categories from different regions and identify investment opportunities.
I have been using TradingView for a few years, and the features that impressed me most are multi-time frame analysis and its long historical financial data. Multi-time frame analysis allows me to analyze the same stock in different time frames, helping me to identify the best buy and sell prices.
However, as more and more advanced features were introduced, TradingView’s pricing became more targeted towards professional traders, making it increasingly expensive for regular users.
Pros | Cons |
---|---|
Powerful technical analysis | Lack of in-depth fundamental analysis |
Provide long-term historical data | Premium plans can be expensive |
Suitable for experienced investors | Cannot predict stock prices or recommend stocks |
Recommended Rating:
Cost: $14.95 - $79.95/month, or $143.52 -$767.52 /year
Free trial: Yes, $1/7 days
Most of the stock analysis software today offers traditional methodologies to help investors conduct technical or fundamental stock analysis, which is often very complicated and time-consuming. But, with the rise of AI, there is a very innovative platform that removes the complexity of stock research by offering a powerful and easy to use software tool.
Intellectia's platform offers investors access to both technical and fundamental stock analysis with an intuitive and interactive AI agent designed to answer any financial-related analysis questions.
As an example, we have recently seen a surge in growth in the semiconductor industry. We can simply ask Intellectia's AI agent, "Should I buy Nividia today?" and the AI will run a complex algorithmic analysis and provide actionable suggestions.
The AI goes far beyond just providing suggestions; it will break down all of a stock's financial data and information into simplified charts and graphs, creating clear visualizations of whether a stock is a good or bad investment. Intellectia provides a wide range of must-have AI-driven analysis tools that I highly recommend you explore.
Intellectia.AI also provides other advanced cool stock-picking features. I want to share with you the one that impressed me the most, called Swing Trades. Based on advanced algorithms, Swing Trades monitors and analyzes stock technical indicators on a real-time basis, sending me signals when it’s time to buy or sell. For traders who don't have the knowledge to figure out how to identify stock signals via Tradingview, Intellectia.AI certainly is a much easier tool for you.
Pros | Cons |
---|---|
Analyst-level stock & crypto analysis | Lack of educational resources |
AI analysis based on real-time accurate data updates with no illusion | Strong coverage of US stocks, ETFs, and cryptos, but lack of coverage in other financial markets |
Stock & crypto screening and selection made easy | |
Accurate stock & crypto price prediction capability powered by AI |
Recommended Rating:
Cost: Free to use
Thinkorswim is a stock analysis software owned by TD Ameritrade, and it has been established for more than 20 years.
Similar to TradingView, Thinkorswim is also a powerful stock analysis platform, which means that most of the analysis functions that TradingView has are also available in Thinkorswim. For example, it has hundreds of built-in technical indicators and chart visualizations and provides you with stock quotes, market data, and news.
The difference between the two is that Thinkorswim is free to use. Although its technical analysis function is not as powerful as TradingView, it is enough for beginners. In addition, Thinkorswim is deeply integrated with TD Ameritrade's brokerage account, so you can buy and sell directly within the program.
Thinkorswim also provides a lot of learning resources to teach you how to analyze stocks and use the platform, which is great for beginners. But sometimes when I used Thinkorswim, the data would get delayed, which is unacceptable for day traders and scalpers.
When I use Thinkorswim, it allows me to create my own analysis tools using a built-in programming language called thinkScript. With this, I can design trading indicators or strategies based on my needs, which is really cool. If you know programming languages, you can give it a try.
Pros | Cons |
---|---|
Provide technical analysis functions | Lack of in-depth fundamental analysis |
Free to use | Cannot predict stock prices or recommend stocks |
Allows for customized analysis tools |
Recommended Rating:
Cost: $34.95/month, or $249 / yearFree trial: Yes, 7 days
Morningstar is well-known for its comprehensive investment research and ratings on stocks, mutual funds, and ETFs. If you are someone who focuses on company fundamentals and risk research, I suggest you take a look at Morningstar's ratings before deciding which stocks or funds to buy.
Morningstar provides detailed reports on individual stocks, including insights into the company's financial status, valuation, competitive position, and growth prospects. Based on that, Morningstar rates stocks from 1 to 5 stars. Among them, 5 stars mean the stock is undervalued and has high return potential.
In addition, Morningstar has an Economic Moat Rating, which I think is worth referring to. If a company is considered by Morningstar to have a wide moat, it means that it has a strong and difficult-to-challenge competitive advantage. This rating can help us screen out companies with long-term growth potential.
However, Morningstar currently only offers basic rating functions to free users. If you want more in-depth analysis reports or ratings, you need to subscribe to Morningstar's membership service.
Pros | Cons |
---|---|
Provide comprehensive and in-depth analysis | Premium content requires payment |
Rating systems can help you pick stocks | Lack of technical analysis features |
Suitable for professional analysts | Not friendly to beginners |
Cannot predict stock prices or recommend stocks |
Recommended Rating:
Cost: $0 - $39.95/month, or $0 - $479.40/year
Free trial: Yes, start with a free account
Yahoo Finance is a famous platform that provides tons of financial information, including real-time news, analyst ratings, earnings reports, etc. All this information can help you understand the fundamentals of each stock.
Yahoo Finance also provides technical analysis tools such as stock screeners, stock comparisons, economic calendars, advanced charts, and currency conversion to help me analyze stocks. I can also customize a stock watchlist on Yahoo Finance and set custom alerts.
However, I am not overly fond of using Yahoo Finance as it's quite restrictive in what you can do with the platform. It is primarily used for stock and financial news, and for that it is perfect, but for monitoring and tracking stocks in real-time, it doesn't compare to tools such as TradingView or ThinkorSwim.
Pros | Cons |
---|---|
Comprehensive historical and real-time stock data | It takes a lot of time to browse information |
User-friendly interface | Lack of in-depth stock analysis |
View a wealth of information for free | Cannot predict stock prices or recommend stocks |
Recommended Rating:
Cost: $0 - $99/month, or $0 - $2,400 /year
Free trial: Yes, start with a free account
The key reason why investors go to Seeking Alpha is because it provides a large number of stock analysis or insight reports, many of which are written by freelancer stock analysts and experienced investors. Seeking Alpha has more than 20 million monthly visitors and produces more than 10,000 research reports per month. This shows that the platform is widely used and trusted for investment research and analysis.
Seeking Alpha also gives ratings to stocks that Wall Street ignores. These stocks can't compare with big-cap stocks but still have a chance to bring rich returns if bought at the right price range.
Similar to Yahoo Finance, Seeking Alpha also provides a lot of financial market information, including economic news, earnings reports, etc. All this information is updated in real time.
Although Seeking Alpha provides a wealth of information, it only shows a small part to free users. If you want to get more valuable information, you need to become a paid user of Seeking Alpha. This is different from Yahoo Finance, where you can access free information daily.
You also need to note that the technical analysis tools provided by Seeking Alpha are very limited, with only simple stock/ETF filters, rankings, and monitoring functions. So if you want to analyze a stock comprehensively, it is recommended to use it in combination with other powerful technical analysis software, such as Intellectia and TradingView.
Pros | Cons |
Provides high-quality investment articles | Lack of technical analysis features |
Provides a large amount of stock information | Subscription costs are too high |
Real-time data updates | Cannot predict stock prices or recommend stocks |
No stock analysis software is perfect, all you need to do is choose one that works for you. For beginners or traders who are overwhelmed by the complexity of stock research, I suggest you try Intellectia. If you have experience in conducting technical analysis, you can choose software such as TradingView or Thinkorswim.
However, if you prefer to analyze stocks by their earnings report or news, then Yahoo Finance and Seeking Alpha are both good choices. And don't forget that there are lots of professional analytical insights for you in Morningstar. Learning insights from other experienced traders is always a good way to become a smarter investor.
The most important thing in analyzing stocks is to conduct fundamental and technical analysis. Fundamental analysis is mainly based on the company's main business conditions, financial reports, and corporate events. Technical analysis leverages a stock's trading data to find signals from a variety of technical indicators.
There are many ways to find a good stock. One way to do it is you need to find an industry that is at the growth stage of development, and then identify a company that is at the forefront of the industry and has a clear competitive advantage. The stock of such a company usually has a good return on investment in the long run. For example, Nvidia is a very good pick in the AI industry.
For beginners, it is more suitable to learn fundamental analysis. Fundamental analysis is based on the study of the company's main business, financial statements, etc. These materials are relatively easy to obtain and understand. Technical analysis has many complex indicators and charts and is more suitable for experienced traders.
The main technical indicators include MACD and RSI. MACD is used to identify potential buy and sell signals. RSI measures the strength of price movements and is used to determine if an asset is overbought or oversold.
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