The post Best Stock Analysis App by Anna Yen appeared first on Benzinga. Visit Benzinga to get more great content like this.
Stock market gains rarely happen by accident. Stock trading requires careful analysis and research and there are plenty of tools out there to help, including Benzinga Pro and Webull. In fact, there are hundreds of different stock analysis applications, so choosing which one to use can be a little daunting.
That’s where we come in. We’ve used countless stock analysis platforms over the years, and have poured that experience into creating a definitive list of the best stock analysis applications, broken down by which is right for each type of investor.
Quick Look at the Best Stock Analysis App:
- Best for Stock Market News: Benzinga Pro
- Best for Fundamental Data Analysis: Webull
- Best for Identifying Investing Opportunities: Stock Market Guides
- Best for Visual Stock Insights: Simply Wall Street
- Best for Investment Research: Seeking Alpha Premium
- Best for Intraday Stock Traders: VectorVest
- Best for Stock Research Tools: Morningstar
- Best for Long-Term Investments: Motley Fool Rule Breakers
- Best for Stock Analysis Options: E*TRADE
- Best for Technical Analysis: MetaStock
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10 Best Stock Analysis Apps
Here are some of the top stock analysis apps available for you to select from.
1. Best for Stock Market News: Benzinga Pro
Benzinga has some of the best stock analysis software you’ll find anywhere. The platform reliably relays the latest stock market news for the benefit of the traders subscribing to the service. When it comes to the stock market, news is crucial. News reports alert you to business or financial changes that lead to significant stock price movements.
Benzinga Pro provides audio squawk and other valuable tools for stock trading and investments. The platform offers a stock screener, stock research and an integrated stock chart room. It has a friendly user interface and is easy to navigate. Benzinga Pro is the best stock analysis software for stock market news, which is offered conveniently through an audio broadcast called Audio Squawk. Here’s how you can use Benzinga Pro.
Why We Picked It: Providing the latest stock news and updates in real-time, Benzinga Pro ensures that users are always informed of any market-moving events. With its real-time stock scanner, users can quickly identify potential opportunities and trends. Additionally, Benzinga Pro offers powerful stock charting tools, enabling users to analyze stock performance and trends with ease.
2. Best for Fundamental Data Analysis: Webull
Webull entered the public sphere in 2017 as a prime competitor to the mobile brokerage platform app Robinhood, the OG of commission-free trading. Since then, most major brokers have eliminated commissions on equities, but Webull has remained ahead of the curve with its affordable and efficient services. Want to learn more about what this innovative app has to offer? Keep reading Benzinga’s Webull Review to learn more.
- Active traders
- Technical traders
- Moderate to advanced investors
- Commission-free trading of stocks, ETFs and options
- High-quality charting and analysis tools
- Cash, margin and IRA accounts
- Platform can be difficult to navigate
- Crypto trading requires a separate app
- Limited customer service options
Webull is a stock analysis software that focuses on free trades and technical analysis. If you are an investor who trades using technical analysis, this app is perfect for you. Webull also offers a community discussion forum where users can share stock ideas. Watchlist alerts are another useful Webull feature.
Why We Picked It: With Webull’s advanced technical analysis tools, users have access to powerful features that help them make informed decisions when trading stocks. From chart pattern recognition to customizable indicators, Webull’s technical analysis tools enable traders to analyze market trends and identify potential trading opportunities.
3. Best for Identifying Investing Opportunities: Stock Market Guides
Stock Market Guides is a unique platform that offers insights into stock and option picks. The software scans the market for the best opportunities for you, sends you alerts and tracks the historical performance of those picks. If you’re looking for more guidance, this is a place to start that can help you become a more efficient and effective investor.
- Identifying investing opportunities
- Stock and option information
- Alerts based on real-time information
- Investing calculators
- Glossary of investing terms
- Information for swing traders
- High monthly pricing
Stock Market Guides is not your traditional stock analysis app. It has a scanner that is unique. It doesn’t just scan for popular trading setups based on indicators or chart patterns. It also shows you how that trade setup has performed historically for the stock.
It also offers investment calculators, glossaries for investors, strategies for investors and alerts that you can use to make the most of your portfolio. Each service is $49 per month, and you can choose which combination you prefer that will suit your strategy:
- Pre-Market Stock Picks (avg. 10 per day)
- Market Hours Stock Picks (avg. 4 per day)
- Pre-Market Option Picks (avg. 10 per day)
- Market Hours Option Picks (avg. 2 per day)
Why We Picked It: Stock Market Guides offers a unique scanner that provides traders with valuable insights into the historical performance of various trade setups. Whether you are a beginner or an experienced trader, Stock Market Guides also provides a wide range of educational tools to help enhance your trading skills.
4. Best for Visual Stock Insights: Simply Wall Street
Simply Wall Street is designed to help you use long-term investing wisdom that will help you, as they say, “think in decades not months”. Using the platform, you gain access to:
- Learn about any business and gain insights on its performance
- Look through trading ideas that have been curated by experts
- Use a portfolio tracker to review what interests you and analyze those assets
- Learn more about the markets with updates on current events
With this information, you can zoom in on the right companies, choose a fair price at which you should invest and search all these assets for free. Other account options in Premium for $10 per month and Unlimited for $20 per month.
- Learn about any business for free
- Trading ideas
- Portfolio tracking
- Get updates on current events
- Low pricing for advanced plans
- Long-term investing information
- You may feel overwhelmed by the amount of information that’s available
Simply Wall St excels in stock analysis by offering deep insights into the long-term health and potential of companies. Trusted by over 6 million retail investors, here’s how it aids in detailed analysis:
- Visual Stock Insights: The comprehensive stock report transforms complex, long-term financial data into visually engaging analysis. By presenting the data visually, it helps investors quickly understand critical aspects of a company’s performance over time, providing a clearer picture of its long-term stability and growth prospects.
- Comprehensive Valuation Analysis: Embedded across the platform, this feature evaluates stocks by diving into various proven valuation methods used by the best investors. This analysis helps you see beyond short-term fluctuations to assess the true value of a stock.
- Advanced Stock Screener: Leverage the unique snowflake filter to sift through stocks based on holistic, long-term metrics that align with your investment goals.
- Intelligent Stock Alerts: Get concise updates that not only reflect key changes but also contextualize how these changes might impact the long-term outlook of the stocks in your portfolio.
- Screener Alerts: Stay ahead of the curve with alerts that notify you when new stocks match your long-term investment criteria, enabling you to capitalize on opportunities as they arise.
Simply Wall St is dedicated to providing independent, factual analysis that helps investors view their potential and current investments with an objective lens, enhancing strategic decision-making and boosting long-term success.
Offering a free-forever plan, with other paid plans available, including Premium for $10 per month and Unlimited for $20 per month, Simply Wall St ensures that investors of all levels have the tools they need for thorough stock analysis.
Why We Picked It: Simply Wall St offers valuable insights and analysis on various investment opportunities, allowing you to learn and grow as an investor. Additionally, portfolio trackers provided by Simply Wall St help you efficiently manage the information you uncover.
5. Best for Investment Research: Seeking Alpha Premium
Seeking Alpha, the world’s largest investment community platform, provides investors with excellent financial informational content on stocks, exchange-traded funds (ETFs) and cryptocurrencies. The company has been at the forefront of alternative financial services since 2004 when it was founded by Wall Street analyst David Jackson.
Seeking Alpha focuses on facilitating its subscribers’ wealth building and portfolio growth through providing extensive research on stocks and other assets. Seeking Alpha also empowers investors to make more informed investment decisions with a high-quality blend of fundamental analysis tools, market data, reliable news and crowdsourced debate.
In addition to a free Basic service, the company currently offers 2 paid subscription products: Seeking Alpha Premium that caters to most investors and Seeking Alpha Pro that is aimed at high net worth individuals and investment professionals. The company also provides access to its Seeking Alpha Marketplace that lets you choose from more than 150 paid investment services.
- Investors
- Stock traders
- ETF traders
- World’s largest crowdsourced investment community
- In-depth financial market research
- Opinion and informational articles by highly experienced professionals
- Crowdsourced debate lets you interact directly with other traders or investors
- Focuses mostly on U.S. and Canadian stocks
Seeking Alpha Premium is a great stock analysis platform with various tools and features for easier investment decisions. This stock analysis software offers users valuable investment research and data analysis functions.
Seeking Alpha uses a quant-based system to study and analyze multiple stocks. It provides expert analysis and a stock screener to easily filter stocks.
Why We Picked It: Seeking Alpha’s stock screener feature lets users easily filter through a vast amount of data to find the best investment opportunities that align with their financial goals and risk tolerance. The user-friendly interface of Seeking Alpha makes navigating and utilizing these powerful tools simple and intuitive.
6. Best for Intraday Stock Traders: VectorVest
Nearly all recent indicators tell a similar story regarding the U.S. economy: fast-evaporating inflation, red-hot labor market and roaring economic activity. Major stock indexes, including the S&P 500 and the Dow Jones Industrial Average, are at an all-time high, signifying a full-on, horns-out, snorting bull market. A strong economy and rising stock market presents an opportunity to start buying stocks if you’re a beginner investor. Expert traders can leverage their expertise to identify undervalued stocks or growth opportunities in specific industries to optimize returns in the long term.
However, navigating the complexities of stock trading requires effective risk management strategies and adequate market research and analysis. Regardless of your trading experience, stock analysis software can help minimize risk and make your trades more profitable. This is where VectorVest comes into play. This robust automated stock analysis and investment management software provides many ideas for traders, including buying, selling and holding recommendations.
VectorVest is your ideal fundamental and technical analysis tool for profitable stock trading. It lets you analyze, rank and graph over 18,000 stocks daily, and the platform includes safety and timing ratings, pre-built trading systems, and stock scans. Besides its numerous data-driven analytical features, VectorVest boasts excellent user interfaces that streamline trading analysis and informed decision-making. Benzinga reviews VectorVest, spotlighting its key features, pricing, customer support and user experience to help you decide if it’s the right analytical tool for you.
- Experienced or expert intraday stock traders seeking fast and actionable trade ideas to optimize their trading strategies and maximize profits
- Advanced stock traders and portfolio managers with an excellent knowledge of the financial market seeking simplified stock analytical tools with high-quality data to support their trading strategy
- Beginner or newer stock traders with basic trading expertise and technical know-how can also benefit from the (fundamentals and technical) ideas and trading systems that VectorVest offers
- Uses mathematical and statistical models for effective and accurate prediction of buy, sell and hold signals
- Robust proprietary indicators for lightning-fast and deep analysis of 18,000+ stocks
- Feature-packed software with customizable search, pre-built screener, watchlists and email alerts
- Free and accessible U.S.-based live support to streamline account setup, expedite complaint resolution and help you trade confidently
- Intuitive and user-friendly mobile app for remote and on-the-go access to the core features as well as portfolio management
- Integrates with popular brokerage accounts like Interactive Broker and QuestTrader for streamlined all-in-one portfolio management
- Excellent educational resources, including a free quick start course, blog articles and daily investment coaching
- Support diverse investment strategies, including long-term and retirement investing, as well as short-term and intraday trading
- Well-designed research platform with excellent user interface and step-by-step guide
- Flexible testing period at affordable cost — $9.95 for 30 days
- Can be overwhelming for beginner stock traders with little knowledge of the stock market fundamentals.
- Relatively costly, mainly when you include the add-on features
When you need help finding the best stocks information, it can be difficult to bring data together when you don’t know where to start. This is where VectorVest comes into the fold and provides you with automated stock analysis software that aims to help you both reduce risk and trade effectively.
Whether you are buying, selling, or holding, you can use this platform to complete a full fundamental or technical analysis of any asset. To add to the benefits you receive, you also get:
- Ranking and graphing for over 16,000 stocks
- Safety and timing ratings
- Pre-built systems
- Stock scans
- Data-driven features throughout the site
Built for intraday stock traders, anyone can use VectorVest to review mathematical and statistical models that will help you uncover new assets for your portfolio. Integrating with TradeStation, IBKR and QuestTrade, you can manage your entire portfolio in one place, on one screen.
Why We Picked It: With VectorVest, you get all the analysis tools you need to make intelligent investment decisions. This platform harnesses advanced metrics to provide insightful data that can help you invest wisely, whether you are considering buying, selling or holding stocks.
7. Best for Stock Research Tools: Morningstar
If you’re a value investor seeking a reputable source of investment data and analysis, a subscription to Morningstar Investor is an excellent choice. Investor offers a treasure trove of data, ratings, and research to help you make informed decisions. From mutual funds to stocks, bonds, and exchange-traded funds (ETFs), Morningstar Investor is your one-stop shop for comprehensive investment tools and research.
Morningstar Investor is the compass for savvy investors navigating the dynamic investment landscape. A Morningstar Investor subscription, although pricey, grants you access to independently researched analyst reports and ratings—and you may be eligible for a lucrative discount.
- Value investors seeking undervalued stocks
- Retirement investors or individuals planning for retirement
- A screener and watchlist for identifying potential new investments
- For investors who actively manage their portfolios
- Extensive research reports for numerous mutual funds, stocks, ETFs and bonds
- Comprehensible star ratings (one to five) to succinctly summarize funds’ risk-adjusted historical performance
- Covers 600,000+ investments or financial instruments
- Accessible investment data, expert analysis and actionable insights
- 7-day free trial
- An Investor membership subscription is relatively pricey, especially when billed monthly
- Morningstar is not a brokerage platform or broker-dealers
If you’re looking for the best stock analysis platform for stock investment research tools, you’ll find it in Morningstar. This reliable favorite offers stock screeners, in-depth analysis, market observations and research reports.
Why We Picked It: With a variety of tools and resources available, Morningstar allows users to analyze various aspects of different stocks, including performance history, financial health and market trends. One of the key features that Morningstar offers is in-depth research reports, which provide detailed information and analysis on individual stocks.
8. Best for Long-Term Investments: Motley Fool Rule Breakers
The Motley Fool is an investment and financial advising service that offers a range of paid investing newsletters and platforms that you can use to enhance your investing services. The Motley Fool’s primary offering is its Stock Advisor platform, which provides you with stock picks, access to research reports, a community forum and more. Additional newsletters and platforms focused on retirement advice and stocks with high-growth potential are also available.
A paid stock choice newsletter from The Motley Fool might be right for you if you’re looking for straightforward recommendations with proven track records of results. However, some of the company’s offerings can be prohibitively expensive — and with an especially volatile market, now might not be the best time to buy.
- Investors looking to beat the S&P 500
- Investors ready to begin buying stock soon or immediately
- Anyone interested in straightforward investing advice
- Proven track record of returns
- Higher returns on Stock Advisor and Rule Breakers picks when compared to the S&P 500
- Wealth of options for long-term and retirement investors
- Higher-tier plans and platforms that can be prohibitively expensive
Motley Fool Rule Breakers focuses more on stock investments with a high potential for significant growth. The company is highly reputable and has maintained excellent standards over the years. It is a quality platform for analyzing long-term investments.
Why We Picked It: Motley Fool Rule Breakers provides investors with discounted rates to access their wealth of financial expertise and investment recommendations. By subscribing to their service, individuals can gain access to exclusive advice on potentially lucrative opportunities in the stock market. Additionally, Motley Fool Rule Breakers has a proven track record of identifying companies with high growth potential, outperforming the S&P 500 index consistently.
9. Best for Stock Analysis Options: E*TRADE
Boasting one of the best mobile brokerage platforms on the market and a competitive fee structure, Power E*TRADE is a popular platform for options and futures trading, especially among high frequency traders. It boasts intuitive tools and beginner-friendly options for active traders and investors.
- High frequency traders who execute more than 30 options trades per quarter
- Investors who want to be able to trade via their phone or tablet
- Among the most advanced mobile apps, complete with a customizable dashboard
- Lower fees and margin rates for frequent traders
- Prebuilt portfolios, preset scans and automation tools that are great for passive investors and new investors.
- Fees are higher for less frequent traders
- Forex and international markets are not available
The E*TRADE platform helps users to analyze stocks by throwing light on stock exchange movements. It is great for day traders as it provides breaking news and possible trade options. E*TRADE has a straightforward interface and features interactive charts.
Why We Picked: E*TRADE stands out as a reputable platform due to its provision of great trade suggestions. This feature helps users navigate the complex world of trading with confidence, ensuring they maximize their potential returns. In addition, E*TRADE offers an easy-to-use interface that simplifies the trading process, making it accessible to both novice and experienced investors. The platform’s clean layout and intuitive design allow users to easily manage their investments and track their portfolio’s performance.
10. Best for Technical Analysis: MetaStock
MetaStock is a technical analysis software that aims to give traders the information they need to make informed decisions. There are two software versions, real-time analysis and end-of-day charts. The software features over 150 technical indicators and dozens of charts. It also has an expert advisor feature. Scanning, screening and back testing are further features offered on the platform. There is an investor community for support and ideas. On the downside, the user interface is old-fashioned and difficult to navigate.
Why We Picked It: MetaStock is a powerful platform that not only provides investors with a vibrant and engaging community for tips and ideas, but also offers a sophisticated Expert Advisor tool that helps users identify trends and signals in the market.
What is a Stock Analysis App?
A stock analysis app evaluates stock patterns and data. It helps to analyze stocks from a technical and fundamental perspective so that you can make sound trading and investment decisions. Stock analysis software allows you to review stock market investing ideas. Tools include fundamental research, stock screeners, technical analysis and stock picks.
How to Select a Stock Analysis App
Here are the key features to consider when choosing stock analysis software.
User Interface and Ease of Use
The user interface should be easy to navigate and use. Tools and functions should be readily available. Filters and dashboards make it easy to access charts and analyses without wading through information that doesn’t interest you.
Customizability
As a stock investor or trader, your stock analysis app will be your closest companion. Choose an app you can customize for the financial assets in which you trade and tailor charts and analyses into the formats you prefer. It should also be possible to change timeframes, parameters and indicators.
Technical Analysis Tools
Any stock analysis app must provide appropriate tools for technical analysis. There should be sufficient information to allow you to evaluate current stock prices and historical performance as it relates to overall market performance. Tools like moving averages, a relative strength indicator and volume analysis can help you to identify profitable trading opportunities.
Fundamental Analysis Tools
Fundamental analysis encompasses the evaluation of economic, geopolitical and other factors that may influence asset value. These tools should include a financial calendar and economic indicators like interest rates, inflation outlook and government and Central Bank policies that may affect stock market performance.
Real-Time Data and Alerts
Ideally, your stock analysis app will provide real-time data and news about the stock market with frequent updates. Some platforms will alert you of significant news or changes in the stock market.
Cost and Accessibility
Look for affordable stock analysis software. If the subscription is higher than the profit you’re making, there is no point in using the app – try switching to a cheaper platform. You should also select an app that is easily accessible.
Navigate Dynamic Stock Markets
Stock markets are dynamic and changes are frequent. Stock analysis software features tools that make stock trading easier, helping traders to make better decisions on when to buy and sell. Some of the best stock analysis apps include Benzinga Pro, E*TRADE and Seeking Alpha Premium.
Frequently Asked Questions
What is the best way to analyze stocks?
The best way to analyze stocks is through news feeds and previous stock performance. Stock analysis apps provide an unemotional view of stock investment and analysis.
What is the best fundamental stock analysis software?
The best fundamental stock analysis software is Benzinga Pro. Financial and economic changes drive stock market prices and can have a significant impact. Benzinga Pro delivers the news as it happens, allowing traders to make quick trade decisions.
How do you pick stocks that will go up?
You can identify stocks that will go up through careful analysis and research with a stock analysis app. However, there is no guarantee the stocks you pick will definitely go up.
The post Best Stock Analysis App by Anna Yen appeared first on Benzinga. Visit Benzinga to get more great content like this.