- Ease of Use
FinViz is one of the top browser-based stock screeners, offering a variety of powerful market research tools. The site features powerful scanning tools, beautiful charts, and advanced technical analysis tools. Read the review to see how to make the most of FinViz
Finviz.com is a browser-based stock market research platform that offers useful technical and fundamental tools for both traders and investors. Finviz is short for financial visualization, which perfectly describes this site. The magnitude of information can be overwhelming right from the homepage, which is overloaded with stats, charts, filters, heat maps and screened stocks along with news headlines and social media streams. The site takes a bit of acclimation, but the sheer volume of resources make it a virtual one-stop shop for finding opportunities for stocks, futures and Forex.
Access to the site is free, if you can handle the endless embedded video ads. There are three types of membership plans: free, registered free and Elite.
The Free access plan provides three to five minute delayed maps and group screens with no intraday charts or portfolios and screener presets.
The Registered plan requires registering for free access and additionally provides up to 50 screener presets, portfolio tickers and portfolios and daily charts and limited screener results in addition to the Free access benefits.
The FINVIZ*Elite plan provides real time and pre-market quotes, advanced charts, screening with intraday charting, technical studies, back tests, correlation tracking stocks, e-mail alerts and up to 100 portfolios, tickers and screener presets all without advertisements for $39.50 a month or $299.50 for the annual pre-payment plan.
The news headlines are extracted from numerous free news feeds ranging from PR Newswire, Briefing.com, MarketWatch, Bloomberg, CNN and NBC and Wall Street Journal headlines. Blogs also are streamed from numerous third-party free sources including Seeking Alpha, Zero Hedge, Vantage Point Trading, Mish Talk, Calculated Risk, Ritholtz and Daily Reckoning.
From the homepage; users are given a peek at the heat maps. These are very useful tools to get a bird’s eye perspective of the sectors and leading stocks with compelling price action. S&P 500, ETFs, World markets or the full stock market can be select for heat maps sorted by 1-day performance, to financial metrics like P/E and EPS Growth. I like to use the S&P 500 index heat map and also the ETF heat map to narrow down my search for liquid tradable stocks.
I really didn’t realize how useful heat maps are until I started using them on Finviz. The depth of each sector and the leading gainers and losers in those sectors are displayed in a visually and logically appealing format. There is also an option to display the heat map data in bubbles. I prefer the square heat maps personally.
Sector Performance Tools
Located under the Groups tab, this tool breaks down performance by groups including specific sectors, industries and themes. Groups can be segmented by order based on fundamental performance metrics like P/E, market capitalization, EPS and price/cash to name a few. Traders can see where the money is flowing and then delve deeper into the group to find individual stocks worth trading.
Insider Sales Tracking
This tab provides the latest insider transactions so traders can get a jump on potential price action. Stocks tend to move on insider buying, especially by top executives in the open market. This is a great resource for finding potential trades.
This tab provides heat maps for equity, commodities and currencies futures. It’s a great bird’s eye view of the world of futures. The heat maps provide an easy visual correlation between the various futures contracts.
Users can type in their portfolios or watch list to see how they perform. This simplifies tracking and monitoring a basket of stocks manually. It’s amazing how convenient this can be as Finviz tallies up the total performance and dollar gain or loss for each portfolio. I like to segment different portfolios with watch lists like “momentum stocks” and “swing trades”.
The screener is the crown jewel of the service. It’s incredibly versatile and flexible even on the free mode setting.
These screeners are used by veteran traders, such as Nathan Michaud at Investors Underground. They provide a variety of helpful filters:
Descriptive filters like market cap, industry, volume; dividend yield and short float can perform screens. Fundamental filters include P/E, Price/Cash, EPS, Quick Ratio and Institutional ownership. Technical filters include 20-day simple moving average, RSI, ATR, Volatility, Candlestick and most importantly by Pattern. The Pattern filter includes various classic technical patterns like Wedges, Cup and Handles, Head and Shoulders, Triangles and Double Top/Bottoms.
The Signal dropdown includes the patterns as well as Top Gainers/Losers, Insider Buying, Unusual Volume and much more. The charts show trend channels and 50/200 period simple moving averages. Results can be displayed by symbols, charts or snapshots, which include fundamentals, news, and company summaries along with technical chart.
Custom scans can be created and saved depending on the type of plan you are signed up for. The combination of filters combined with the trend lines and added technical tools make this an amazing resource. Once acclimated, you can put together some amazingly precise screens for very specific results.
FinViz is a data goldmine and the platform offers key data points for individual stocks. Once you create a scan and find stocks that you’d like to research further, FinViz provides an effective tool for analyzing key data points.
Traders can get access to important data points like:
- Company Revenue
- Market Cap
- Share Structure (i.e. Outstanding Shares and Float)
- Short Interest
- Stock Price Performance
- Technical Data
- And much more!
What Type of Trader is FinViz Best For?
Finviz.com has resources for traders and investors of all skill levels. The depth of the tool are amazing, especially with the free access if you can handle the non-stop video pop-up ads. The value is great for the monthly service, which allows for intraday data.
Most traders will be impressed by the sheer number of useful tools including one of the best multi-filter screeners on the market.
Best of all, some of the most powerful tools in the platform are available for free. This can be great for traders who don’t have access to scanners through their brokers (like Robinhood) or premium scanners like EquityFeed.
Is FinViz Elite Worth It?
FinViz Elite is a premium service that offers a few additional benefits. These core benefits include:
- Real-time Data vs. Delayed Data
- Advanced Charts
- Advanced Scans
- Intraday Charts
- Fundamental Charts
- Email Alerts
- More Preset Scans
- More Portfolios
- More Customizations
Elite users also enjoy an ad-free experience (which seems to alleviate the biggest complaint from free users).
The Elite service is priced at $39.50/month or $299.50/year (which equates to $24.96/month). The question is, is it worth it?
First things first, if you’re going to sign up for the Elite service, you should definitely lock in the yearly rate. The prepaid annual subscription is 36% cheaper than the monthly subscription.
As for whether or not the Elite service is worth it, you need to consider how you plan on using the service.
How do you plan on using FinViz? Personally, I only use FinViz for running scans after the market closes. These scans make it easy to build watch lists for the next day. I use a standalone trading platform for intraday charting and scanners.
Since I only use FinViz after hours, I have no need for real-time data, nor do I need any of the other Elite features. This is one of the rare cases where the free version of a service is so good that I can’t justify paying for the premium version. It would definitely be nice to get rid of those pesky ads, but that’s not enough to push me to upgrade.
That said, some traders may benefit from the real-time data and advanced scanning options. If you’re on the fence, I would recommend starting with a one-month subscription to the service. Every subscription is backed by a 30-day money-back guarantee, so if you are unhappy, your purchase is protected.
- Amazing screener with pre-set technical pattern scans
- Great heat maps and insider trading feeds
- Stable and fast results
- Great depth of detailed technical and fundamental information on stocks
- Portfolio tracking and custom screens can be configured and saved
- Homepage design could use streamlining
- Video ads can be quite annoying with the free service