The world of stock market investing can be a mystery for many people who are interested in the subject, or for inexperienced people who are slowly getting to know every aspect of these market. However, it is common to feel stagnant or not have the results you expected when you started. This is due to all the parameters that you need to know and manage safely to be successful.
For these reasons, all these pages or programs seek to facilitate, in one way or another, the information that is provided to users, in order to improve their decisions and operations. Within this premise enters Finviz, which is a financial tool that offers several functions so that the user can perform better fundamental or technical analysis before making a transaction.
Finviz is a great competitor to any other stock screener or trading software since one of its main attractions is the amount of information it offers for free, which, although limited, can serve to start on the right foot to manage your first movements and investments.
Here, we will briefly analyze each of the main functions that Finviz offers to offer an honest and real opinion about the reality of this program and avoid inconveniences or loss of money in the worst case.
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What is Finviz?
As already briefly mentioned, Finviz is a platform that provides information to analyze the markets, mainly stocks. It is a tool that has many users around the world who find Finviz functionalities and simple management of information that they do not get anywhere else.
This company has a long history in this market, which has allowed it to perfect the options it offers to the user and to include functions that make it stand out. Among some of the features for which it is recognized among traders is the variety of quality information that you can find with a free account.
That’s right, a large part of the users who use this software on a daily basis do not even have a membership, which is a great opportunity for many users without much experience or who do not have the need to purchase payment plans. With the free version, you can access the heat maps, the list of current news, stock screeners, and some filters, among other functions, which make it a complete tool from the beginning.
Therefore, we will explain what these main features offered by Finviz consist of and the differences between the different plans it offers. This way, you can easily determine whether you need to purchase a paid version of the platform or whether you can be part of that group of people who benefit only from the free version.
More info at https://finviz.com/
Finviz Features
Having the right tools, when it comes to making investments in any of the markets, is essential to making timely and accurate decisions. Finviz has positioned itself as one of the most popular platforms among investors thanks to its intuitive interface and wide range of functionalities. So it can have a big impact on how you perform and the paths you take in favor of your profits.
We will describe the operation of each of the main functions to serve as a guide for anyone who is thinking of using this software or wants to purchase one of its plans to make use of it. However, it is up to the user to decide whether to start using this platform or to purchase one of its plans.
– Stock Search
Finviz’s stock search function is an indispensable tool for any investor who needs quick access to specific information about a stock or asset. By simply entering the ticker or company name in the search bar, you can get a detailed summary of its performance, including real-time charts, fundamental data, and relevant news. This functionality significantly speeds up the research process and allows you to make more informed investment decisions in less time.
– Finviz Stock Screener
This is an important option that Finviz offers its users. The Finviz Stock Screener is nothing more than an opportunity finder, with which you can search and filter through thousands of companies in the market and find the one that best suits the characteristics you want.
One of the great advantages of this option is that you can apply filters according to different parameters, whether technical, fundamental, or descriptive. This allows you to find companies with specific characteristics or stocks for your trading style.
Among the parameters that you can apply to searches you can find are parameters of growth of a stock in a given time, filters of the highs or lows in a period, volatility, and patterns, among others, for technical parameters. If your interest is fundamental, you can apply filters for a company’s price-earnings ratio, expected growth over a period of time, a company’s gross margin, return on equity, etc.
Or, if you are interested in applying descriptive parameters, you can filter by Exchange, market capitalization, index to which the company belongs, dividend yield, industry, country, and current share price, among many others. So you can perform effective searches for your interests.
– Finviz Maps
Another functionality that stands out among the forums and web pages is the heat maps that are found within the maps option in Finviz. These maps, in a summarized form, show the weight that a company has within the S&P 500 index.
This map represents the different companies as squares, where its size indicates the importance it has in the index, and its color shows the current share price advance. That is, a green color means a positive increase and a red color refers to a negative increase.
In this way, you can, at a glance, determine and analyze which companies are performing better and which are not, or you can see which industries are performing better. In addition, if you hover over these charts, you can see other data about the company you are selecting. Having a great source of information on one screen.
– Finviz News
Finviz News is a resource for any trader looking to keep up to date with news affecting the different markets. This section offers a list of breaking news, both nationally and internationally, that can have a significant impact on the price of stocks and other assets and that, in addition, is updated in real-time.
By staying on top of the latest news on corporate results, changes in monetary policies, geopolitical events, and other important factors, you can make more informed investment decisions and take advantage of opportunities as they arise. Finviz even allows you to filter news by sector, industry, or specific company, making it easy to find information that is critical to your investment portfolio.
– Finviz Portfolio
Finally, another of the functions acclaimed by users is the incorporation of a portfolio where you can add stocks and track their behavior according to different metrics, such as price, volume, and market value, among others. In addition, it has a window at the top where you can see news related to the stocks you have in your portfolio.
To use it is very simple. The first thing it will ask you to do is name the portfolio and add the stocks you want in it. Here, you can include as many as you want, up to a maximum of 50.
Once added, you will have on-screen a list of the stocks and the values for each parameter in the portfolio. It is really useful to quickly visualize the behavior of these.
Then, you can make trades by specifically selecting “+ trade”, where you can add the type of transaction you want to make, and the cost, and save the action to perform.
Finviz Plans and pricing
As mentioned, Finviz has a free and paid version, which differs mainly in the amount of customization you can include in the different functions offered.
The free version of Finviz is really a relatively complete way to use this software, especially useful for beginner traders or those who do not need very complex information to carry out their investments. The elite version, on the other hand, offers somewhat more complex information, which can benefit more experienced users.
Therefore, we will briefly detail what can be done with each of the existing plans, so that you can decide, according to your criteria, the plan of your convenience:
Free
- Information of quotations, graphics, and screening with delay.
- Charts and groups are displayed with a delay of 3 to 5 minutes.
- Intraday charts, advanced technical studies, and backtesting are not available in this version.
- Email alerts are not available.
- As well as fundamental charts, correlations, and management information are not available.
- Access to 3 years of financial statement data.
- Rows per page in screeners are limited.
- Custom ranges in screeners, exports to Excel, or APIs are not available.
- Layout customization is not available.
Registered
- Similar to a free plan in most respects.
- Quotes, charts, and screening with retro.
- Maps and groups with a 3 to 5-minute delay.
- Portfolios per user, tickers per portfolio, screener presets, up to a maximum of 50.
Elite
- Quotes, charts, and screening with real-time information.
- Maps and groups with real-time information.
- Intraday charts, advanced technical studies, and backtesting available.
- Email alerts, including prices, insider information, ratings, and news.
- Fundamental charts are available (EPS, sales, and shares).
- Correlations and management data are available.
- Access to 8 years of financial statement data.
- Portfolios up to a maximum of 100.
- Tickers per portfolio up to a maximum of 500.
- Rows per page in screeners up to 100/120/50.
- Custom ranges in screeners, exports to Excel, or APIs are available.
- Layout customization is available.
More info at official website https://finviz.com/
Is Finviz Elite worth it?
When deciding if Finviz Elite is worth paying for this subscription, it is important to analyze what you get when paying this plan at the same price. Maybe that ratio between features and cost is attractive enough and the extra options really help your trading strategy.
FinViz Elite has several features that are exclusive to this paid version, and those in the free plans may be limited or simply not available. For example:
Real-time quotes, charts, and analysis: With this relevant information, it is possible to make decisions earlier than if you had only a free account. This could mean an important advantage over other traders.
Advanced charts: FinViz Elite offers access to advanced charts, such as intraday charts, which allow you to identify patterns and trends that can be used when making a decision.
Backtesting: This feature is very useful for testing and validating strategies using historical data. This function can be a great ally for risk management and adapting a strategy for optimal performance.
Email alerts: By paying for a Finviz Elite membership, you can benefit from receiving alerts on prices, rating changes, news, and so on, all by email. This feature can be a great time saver and a guarantee not to miss important events.
Expanded financial statement data: Although free users can also use financial statement information, the difference with the Elite plan is that free users can analyze up to 8 years of data, which can lead to a more complete analysis of a company’s financial health.
Portfolio enhancement: The Elite user can have better options when creating a portfolio, such as the ability to have more tickers per portfolio (up to 500), more portfolios per user, and the ability to export screener results.
Ad-free experience: This subscription also prevents the appearance of annoying on-screen advertising that may inconvenience or confuse the user.
After understanding the number of features that are unlocked by purchasing an elite plan, we can reaffirm that, if you are a user with little knowledge or who does not perform operations too frequently, the free version may be more than enough for your requirements.
However, for those who use a large amount of information and data to be able to make a confident decision, the elite version would be worth it. All of these features mentioned above together make for a powerful tool that can greatly improve your trading performance.
Finviz User Reviews
There are many reviews on the internet from different types of people, with very varied opinions as well. However, it is common to come across similar reviews where they express their agreement with the use of Finviz due to the simplicity of its platform and how well-organized it is.
Some of the reviews you can find are the following:
What Are The Best Alternatives to Finviz?
Choosing a technical analysis platform is a crucial decision for any investor since this tool will be your main ally in making decisions. While Finviz is a popular choice, it is essential to consider whether its functionalities suit your specific needs and level of experience.
Many alternative platforms offer advanced features that can make a difference, such as the ability to create custom alerts, view data over multiple time frames, and access a wide range of technical indicators.
Anyway, here we will show you 4 that can easily be a replacement for what Finviz offers. I’m not saying they are better or worse, but they can be equally useful to help us with our trading.
Benzinga Pro
Benzinga Pro is a platform that is based on a website and stands out for its multiple functions for technical and fundamental analysis of stocks. Among its main features is its news panel, which is updated in real-time, allowing the user to be able to make trades at the right time.
In addition, it also offers stock search through specialized filters, the incorporation of alarms for any available function, signals, and audios, a community where you can give your opinion or receive trading recommendations, and even a mentoring service, with which you can considerably improve your strategy.
Undoubtedly, Benzinga Pro is an attractive option for some traders, which may be worth analyzing and studying before deciding on trading software.
Trade Ideas
Trade Ideas is another trading software widely spread on the Internet, as it is widely used among people who are engaged in day trading. These users find in this platform a set of functions and tools really useful for their strategies.
In Trade Ideas, you can get entry or exit signals given by specialized artificial intelligence, real-time market scanning, advanced charting, and a live trading room with industry experts, where you can receive suggestions or investment advice.
Therefore, along with other platforms, it is one of the most used and recommended software among traders, which gives it a good reputation for all new users who decide to try it.
Investing.com
Another great elective to Finviz is the investing.com software. This platform specializes in providing quality information in real-time to its users and is a great opportunity for those who are just starting in the business or for those who already have some experience.
Investing.com offers, first and foremost, detailed and up-to-date information on a variety of financial assets, including stock indices, stocks, commodities, currencies, ETFs, mutual funds, fixed income, cryptocurrencies, and financial certificates. In addition, this information is complemented by technical and fundamental analysis by experts.
Also, it features advanced technical analysis tools that allow users to create custom charts, identify patterns and trends, and apply technical indicators. It even offers a complete economic calendar, real-time financial news, and an education section to help users improve their knowledge of the financial markets.
Conclusions
Finviz presents itself as an invaluable stock screener and financial tool for investors and traders, offering a robust set of functionalities for analyzing the financial markets. Its intuitive interface and wide range of data make it accessible to beginners and experienced users alike.
The free version of Finviz provides a solid foundation for technical and fundamental analysis, while the elite version unlocks advanced features that can be crucial for those seeking a competitive edge. Ultimately, the choice between the two will depend on each investor’s individual needs and goals.
Whether used to track a portfolio, identify investment opportunities, or simply keep up with the latest market news, Finviz has established itself as a reliable and versatile platform in the financial analysis landscape.
But, although it has many benefits, we can also find some details to improve, which we will briefly explain below:
Pros
- Access to 67 unique stock selection metrics
- Recognition of 33 different chart patterns
- Real-time information and upgrades at 1-minute interims with Finviz Elite
- Recognized as one of the best free stock analysis utilities
- Efficient tracking of market insider transactions and news updates
- Quick visualization of sector and industry trends through heat maps
- Consistent integration of news from different sources
- Extensive backtesting capabilities, recognizing a range of chart patterns
Cons
- Elite backtesting functions could offer more versatility
- Limited set of 21 graphical indicators
- Need of committed versatile apps for Android and iOS devices.
Despite having this data that could be improved or updated, Finviz stands out as a great opportunity for all types of traders, and one that you can take considerable advantage of for free.
In our offers section you can find promotions from other stock screeners that might be of interest to you like this Trade Ideas promo code or this Benzinga Pro coupon code. You can also check out this article on the best AI bots for investing in stocks.
