9 Best Stock Screeners For Indian Investors 2024

23 de maio de 2023 0 Por admin

As an example, you can compare P/E ratios of all S&P500 sectors. Furthermore, you can see the performance of the different sectors over different periods of time. There are a few more bits and pieces, but this is really just an entry point to more detailed features in Finviz. There’s a small map to the right with the several industries and sectors in the S&P 500 index. This vizualisation is a great way to assess how the markets are behaving. The homepage on Finviz, although crowded, gives us a sneak peek of a few very interesting features.

However, the good thing is that Finviz provides you with the freedom to experiment with a wide variety of scans to help you find the best investing opportunities. Just play around a bit, and after a few minutes, you will have understood entirely how Finviz premarket scans work. It took me about 10 seconds to identify two stocks out of 24 worth watching at in more detail. That’s because I never care about penny stocks below $1 and stocks with nearly no volume since those usually have high spreads.

  1. Registering for the free Finviz version unlocks plenty of features like customized layouts, portfolio builder, screener presets, etc.
  2. A good stock screener should essentially consist of the following elements.
  3. While you can easily export the results of a screener directly into a portfolio for monitoring and see any aggregated news on that portfolio, calling it a portfolio is a stretch.
  4. You can also compare a stock’s performance with the S&P 500 index.

Trendlyne is another useful website that provides stock market analysis, research reports, stock alerts, and trending business news. This website can be used for both fundamental and technical analysis. It is mandatory to register yourself with the website before you can use it. In India, an investor either chooses traditional investment methods like real estate and gold or invest in modern-day assets such as stocks and shares. Investments made in stable companies that have the potential to grow over time can prove to be extremely beneficial for investors.

That’s why we chose TradingView as the best stock screener for global investing. When a trader or an investor uses a option screener, he or she will choose a set of variables with defined values. For example, you can screen all companies and get the ones with a market capitalization above INR 1 billion. The screener searches through the database and lists the stocks of all companies that fulfill the mentioned criteria. Intraday Screener enables traders to conduct a 360-degree analysis of the stock market so that they can choose the best ones.

The Finviz Groups tab allows you to visualize the price performance of US stock sectors or industries based on daily, weekly, quarterly, or yearly performance. This lets you see which sectors are performing well and drill down to individual stocks to look for trading opportunities. Finviz has three pricing plans; the Free plan is free to use without registering. Registered users can also use the service for free and save their settings. Finally, the Elite service costs $39.99/mo or $24.96/mo annually, saving you 37%. Registering for the free Finviz version unlocks plenty of features like customized layouts, portfolio builder, screener presets, etc.

They created an advanced web application to simplify how investors can research, select, and track investments. Its platform offers almost 500 screening filters for financial indicators for screening and comparing stocks, ETFs, and mutual funds. Users can finetune their results by creating complex equations and combining multiple filters. Zacks Investment Research has a comprehensive stock screener finviz india solution with high functionality supported by a massive number of metrics. The free version offers enough tools to conduct thorough and informed filtering of stocks, which is why we picked Zacks as the best free option for a stock screener. Equity Boss is one of India’s leading stock research platforms that helps investors identify the best stocks using a rating and grading engine.

Best for Global Investing

The screener also offers a Futures dashboard that helps users track all the Options and Futures stocks for long buildup, short covering, long unwinding, etc. The fundamental data is gathered from FactSet financial database. It saves research time by suggesting stocks to traders and investors. In fact, traders can also customize the screening parameters for every stock for an in-depth company analysis. This can be done by creating a new screen with custom metrics like accounting quality, market cap, price performance, previous day closing price, and more.

Investello Investing Screener

At MoneyWorks4me Portfolio Advisory, we specialize in helping investors navigate market fluctuations and build a strong, diversified portfolio. With our collaborative approach, you can maintain control over your investments while benefiting from our expertise and guidance. Finviz has been online since 2005, but does that make it a legitimate company? Surprisingly there is very little public information about Finviz and no reference to the ownership, corporate structure, or goverance.

The free plan is ideal for beginner investors who want to check the markets fuss-free. I first used Finviz over 14 years ago, so when I started testing this platform, I was hoping for some big surprises. Finviz has implemented big improvements in charting, pattern recognition, and backtesting. That makes TradingView our pick as the best stock screener for global investing. The Gold plan provides full access to the EasyScan screener, including a simple step-by-step wizard for creating conditions.

Does it share the tools to enable decision making transparently?

Looking at stock charts with Finviz is different from the other stock software products on the market. Finviz Elite costs $39.99/mo or $24.96/mo on an annual plan with a 40% discount. The big bonus of the Elite subscription is the real-time data, customizable alerts, fundamental charts, correlation charts, and backtesting capabilities. You can also export your screener results and access eight years of company financial statements. The best stock screeners combine ease of use with flexibility without sacrificing data accuracy or quantity. The best screeners have a broad range of stocks in their databases that can be filtered with precision using both preset and custom criteria.

Although in this section you will find news for every company, you can also see news for a specific company when you search for it. It is possible to look for stocks with a known candlestick like a doji and inverted hammer, or even use your own custom candlesticks for Elite users. Given the amount of information available, the website is remarkably easy to use. Although it looks dated from a user interface perspective, it loads quite fast, which is great if you’re constantly trying to find information to act on. If you’re interested in learning more and with a minimum portfolio size of 25 L+, we can help you manage your portfolio, no matter the size. And as a bonus, we’re offering a FREE Portfolio Review using our “Portfolio Manager” tool during our conversation.

How to use Finviz Elite

Topstockresearch is an extremely powerful stock screener that can be used for extensive technical analysis. This platform is not very user friendly as it requires a clear understanding of charts and patterns. However, Topstockresearch can be extremely beneficial for veteran investors and traders. This platform provides a detailed analysis of a company’s past performance and all its financial reports to its users. Stock Rover offers a free account that’s sufficient to get you started, but you can start with the Essentials plan for $7.99 a month to access more functionality.

MoneyWorks4Me offers pre-defined screeners to traders along with screeners created on parameters like sector, price, industry, rating, and others. For each stock, you will get detailed information in terms of price change, CMP, ROE, sales growth in the last 5 years, and more. Traders can now get new trading ideas with CapitalCube’s stock screen. Pre-built screens save the time in scanning a company for its past performance, profits over the years, dividends, and other technical factors. Additionally, Ticker Tape also offers ETFs (Exchange-Traded Funds), mutual funds, stocks, and indices.

This is a great way to assess how executives perceive their own companies’ stock. If too many executives at a company are selling their own stock in large proportions, that could be interpreted as a negative sign. However, https://1investing.in/ if they are actually purchasing more stock, that could be seen as a bullish indicator. Once we input that data, Finviz will keep track of our overall P&L and also individual changes in every ticker we add to our portfolio.

You can simply apply filters and set your preferred metrics, and the screener will prepare a scan list accordingly. This helps you identify potential stocks and increases your chances to book more profits. Finviz also shines where the others do not because you can also screen on ten major candlestick patterns and 30 stock chart patterns. The Finviz stock screener is extremely fast and allows you to filter on 67 fundamental and technical criteria. Day traders and stock investors need access to complex data analysis to be able to sift through the tens of thousands of stocks in the U.S. and global markets.