Finviz is a comprehensive stock screener tool that offers a range of features to help traders and investors analyze the stock market. From chart patterns to news updates, Finviz provides real-time data and advanced analytics tools. For beginners and seasoned traders alike, understanding how to use Finviz can be a game-changer in your trading strategy.
You should read this article because it provides a comprehensive guide to using Finviz, a stock screener tool that can be a game-changer in your trading strategy.
I’ll answer the following questions:
- What is Finviz Stock Screener and how does it work?
- Who are the primary users of Finviz?
- What are the key benefits of using Finviz for stock screening?
- How does Finviz help in visualizing the market?
- What types of filters does Finviz offer for stock screening?
- How up-to-date is the market data provided by Finviz?
- What types of technical indicators are available in Finviz?
- What are the features of Finviz Elite and how do they differ from the free version?
Let’s get to the content!
Table of Contents
- 1 What Is Finviz Stock Screener?
- 2 Who Uses Finviz?
- 3 Benefits of Using Finviz Stock Screener
- 4 Technical Indicators on Finviz
- 5 Advanced Charts on Finviz
- 6 Finviz Elite Tier Features
- 7 Trading Strategies Recommended by FinViz Elite
- 8 Finviz Pricing
- 9 Key Takeaways
- 10 FAQs
- 10.1 Who is Finviz Best For?
- 10.2 Is There a Free Trial for Finviz Elite?
- 10.3 Is FinViz Elite Worth It?
- 10.4 What Basic Features Does Finviz Offer?
- 10.5 How Detailed Are Finviz’s Financial Metrics?
- 10.6 How User-Friendly Is the Finviz Platform?
- 10.7 Can I Set Alerts for Insider Transactions?
- 10.8 How Does Finviz Help with Market Targets?
- 10.9 What Role Does ROE% Play in Screening Stocks?
What Is Finviz Stock Screener?
Finviz stands for “Financial Visualizations,” and it lives up to its name by offering a visually intuitive platform for stock market analysis. As someone who’s been trading and teaching for years, I can tell you that a reliable stock screener like Finviz is indispensable.
How Does Finviz Stock Screener Work?
Finviz operates by aggregating large volumes of market data and presenting it in an easily digestible format. Users can filter stocks based on various criteria like price, volume, and performance. The screener then provides a list of stocks that meet your specified conditions, simplifying the research process.
Who Uses Finviz?
Finviz is used by a diverse group of market participants, including day traders, swing traders, and long-term investors. Its user-friendly interface and range of features make it suitable for traders of all experience levels.
Benefits of Using Finviz Stock Screener
The benefits of using Finviz are numerous, and they extend beyond just the numbers. It’s a tool that offers a holistic view of the market, helping traders make informed decisions.
Visualizing the Market
One of the standout features of Finviz is its market visualizations. These visual aids help traders quickly identify trends and patterns, which is crucial for making timely trades.
Filtering Stocks Easily
Finviz offers a wide range of filters, from basic ones like price and volume to more advanced options like earnings per share. This feature allows traders to narrow down their search and focus on stocks that meet their specific criteria.
Up-to-Date Market Data
Real-time market data is essential for traders who need to make quick decisions. Finviz provides up-to-date information on stocks, ETFs, and futures, ensuring that you’re not trading on outdated data.
Interactive Charting Tools
Finviz offers interactive charts that allow users to customize their view of the stock market. These charts can be tailored to show various indicators and time frames, providing a comprehensive analysis tool for traders.
User-Friendly Design
The platform is designed with user experience in mind. Its intuitive layout makes it easy for traders to navigate through various features and access the information they need.
Staying Updated with News
Finviz aggregates news from multiple sources, providing a centralized platform for all your market news. This feature helps traders stay updated on events that could impact their trades.
Setting Custom Alerts
Custom alerts can be set based on a variety of factors like price movement or volume changes. These alerts are delivered via email, ensuring that you don’t miss any critical market events.
Technical Indicators on Finviz
Technical indicators are a key part of any trader’s toolkit, and Finviz offers a robust selection. In my years of trading, I’ve found that the right indicators can make or break a trade.
While Finviz offers a robust selection of technical indicators, it’s always good to have alternatives for comparison. eSignal is another platform that provides a wide range of technical indicators, including some that Finviz might not offer. It’s a solid choice for traders who want to cross-reference their findings or need more specialized indicators. Interested in exploring more? Check out this eSignal review for an in-depth look.
Types of Technical Indicators Used in Finviz
Finviz offers a range of technical indicators including moving averages, RSI, and MACD among others. These indicators help traders identify trends and make more informed decisions.
How To Interpret the Technical Indicators in Finviz
Understanding how to interpret these indicators is crucial. For instance, a moving average can help you identify the general trend direction, while the RSI can indicate overbought or oversold conditions.
Strategies for Using Technical Indicators in Finviz
Combining multiple indicators can provide more reliable signals. For example, using both moving averages and RSI can give you a more comprehensive view of a stock’s momentum.
Advanced Charts on Finviz
Advanced charting capabilities are one of the standout features of Finviz Elite, the platform’s premium version. These charts offer more customization options and technical indicators, providing a more in-depth analysis tool.
Types of Advanced Charts Available on Finviz
Finviz Elite offers a variety of advanced chart types including candlestick, line, and area charts. These charts can be customized to include a range of technical indicators, providing a more comprehensive view of the market.
How To Read the Advanced Charts on Finviz
Understanding how to read these advanced charts is crucial for making informed trading decisions. They offer multiple time frames and indicators, allowing traders to analyze stock movements in detail.
Strategies for Analyzing Advanced Charts on Finviz
When analyzing advanced charts, consider using multiple time frames. For example, you might use a daily chart to understand the broader trend and a 1-hour chart for entry and exit points.
Finviz Elite Tier Features
Finviz Elite offers a range of advanced features for serious traders. From real-time data to advanced charting tools, the Elite tier provides a comprehensive toolkit for market analysis.
Realtime Data and Extended Hours
One of the key features of Finviz Elite is access to real-time data and extended trading hours. This is crucial for day traders who require up-to-the-minute information.
Advanced Charts
As mentioned earlier, advanced charts are a key feature of Finviz Elite. These charts offer more indicators and customization options, providing a more in-depth analysis tool.
Backtests
Finviz Elite allows users to backtest their trading strategies, providing insights into how a particular strategy would have performed in the past. This feature is invaluable for fine-tuning your trading approach.
Correlations
Understanding how different assets correlate can help traders manage risk. Finviz Elite offers a correlation tool that allows users to compare the performance of different stocks or sectors.
Advanced Screener
The advanced screener offers more filters and customization options, allowing traders to conduct more in-depth research.
Alerts and Notifications
Custom alerts and notifications can be set based on a variety of factors, ensuring that you’re always in the loop about market events that could impact your portfolio.
Trading Strategies Recommended by FinViz Elite
Finviz Elite offers strategy templates that traders can use as a starting point for developing their own trading plans. These strategies range from swing trading to options trading, providing a comprehensive guide for traders.
Swing Trading Strategy
Swing trading involves holding positions for several days to weeks. Finviz Elite offers tools like moving averages and RSI to help identify potential entry and exit points for swing trades.
Momentum Trading Strategy
Momentum trading involves buying stocks that are showing strong performance and selling them as they start to decline. Finviz Elite offers various tools to identify these trends.
Value Investing Strategy
For those interested in long-term investments, Finviz Elite offers tools to identify undervalued stocks. This strategy involves buying stocks that are trading for less than their intrinsic value.
Options Trading Strategy
Options trading can be complex, but Finviz Elite offers tools to simplify the process. From identifying potential options trades to setting up custom alerts, the platform offers a comprehensive toolkit for options traders.
Finviz Pricing
Finviz offers three pricing tiers: Free, Registered, and Elite. Each offers a different set of features tailored to meet the needs of various types of traders.
If you’re contemplating the Finviz Elite tier, you might also be considering other premium financial data platforms like Bloomberg Terminal. While Finviz Elite offers real-time data and advanced charting tools, Bloomberg Terminal provides a broader range of services, including news, analytics, and communication tools. However, the cost can be significantly higher. To get a better understanding of what you’re investing in, read this comparison of the cost of Bloomberg Terminal.
Finviz Free
The free version of Finviz offers basic screening and charting tools. It’s a good starting point for beginners but lacks some of the advanced features available in the paid versions.
The free version of Finviz is a great starting point for beginners, but there are other platforms that offer free charting tools. These alternatives can be useful for traders who are still exploring their options and aren’t ready to commit to a paid service. If you’re interested in exploring free charting tools, here’s a guide on free stock charts you should check out.
Finviz Registered
The Registered version offers more features than the free version but still lacks some of the advanced tools available in Finviz Elite. It’s a good option for traders who need more than the basics but aren’t ready to commit to the Elite version.
Finviz Elite
Finviz Elite is the premium version of the platform, offering advanced charting tools, real-time data, and a range of other features. It’s designed for serious traders who need a comprehensive toolkit for market analysis.
Key Takeaways
Finviz is a comprehensive stock screener that offers a range of features to help traders and investors analyze the stock market. Its user-friendly design and advanced features make it a valuable tool for traders of all experience levels.
Before you even think about becoming profitable, you’ll need to build a solid foundation. That’s what I help my students do every day — scanning the market, outlining trading plans, and answering any questions that come up.
You can check out the NO-COST webinar here for a closer look at how profitable traders go about preparing for the trading day!
What stock screener do YOU use? Let me know in the comments!
FAQs
Who is Finviz Best For?
Finviz is suitable for traders of all experience levels, from beginners to seasoned professionals. Its range of features and user-friendly design make it a versatile tool for market analysis.
Is There a Free Trial for Finviz Elite?
Finviz Elite does not offer a free trial, but the platform does provide a range of pricing options to suit different budgets and needs.
Is FinViz Elite Worth It?
Whether Finviz Elite is worth the investment depends on your trading needs. If you require advanced charting tools and real-time data, then the Elite version offers a comprehensive toolkit for serious trading.
What Basic Features Does Finviz Offer?
Finviz offers a variety of basic features like stock screeners that allow users to sift through a myriad of quotes and financial data. You can easily navigate the site and its pages to find the information you’re looking for.
How Detailed Are Finviz’s Financial Metrics?
Finviz provides comprehensive financial metrics including tickers for specific companies like AAPL. You can look up details such as the opening price (open), adjusted close price (adj close), float, short interest, and various ratios like earnings per share for next year (EPS next Y) and return on assets (ROA %).
How User-Friendly Is the Finviz Platform?
The user-friendly interface of Finviz enables users to access a world of investment possibilities. You can see the results of your screening criteria, add stocks to your portfolios, and make statements about your investment strategies. The platform’s ability to offer clear and concise information makes it easier for users to manage their money.
Can I Set Alerts for Insider Transactions?
Absolutely, you can set email alerts for insider transactions (insider trans) as well as institutional transactions (inst trans). This feature helps you stay up-to-date on company and industry-specific moves that could impact your investment decisions.
How Does Finviz Help with Market Targets?
Finviz allows you to explore target prices for specific stocks to better understand their potential upside or downside in the markets. By setting a target price, you can use other metrics like “EPS next Q” (Earnings Per Share for the next quarter) and “EPS this Y” (Earnings Per Share for the current year) to evaluate whether a stock could reach or exceed its target.
What Role Does ROE% Play in Screening Stocks?
The Return on Equity percentage (ROE %) is a critical metric that can be screened through Finviz. This is especially useful when comparing companies within the same industry or markets. By examining the ROE % along with “EPS next Q” and “EPS this Y,” you can get a comprehensive picture of a company’s financial health and profitability.