FinViz stock screener review: Pros,cons and pricing

Our Verdict

Our Verdict

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Pros

• User-friendly interface
• Sector and industry analysis
• Real-time data and news
• Comprehensive screening capabilities

Cons

• Advertisement distractions
• Delayed data for free users
• Limited customization options in free version

4.7

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Price

$39.50

Stock screening and analysis

Yes

Real-time data and market monitoring

FinViz provides real-time stock quotes

What drives the utilization of scanners?

Stock trading scanners serve the purpose of refining stock lists to match your specific criteria. Whether you're seeking stocks with a 20% increase from opening or those under \$10, scanners and watch lists prove invaluable in directing your focus during trades. The Finviz app aids in filtering out risky stock options, ensuring you don't overlook lucrative opportunities tailored to your preferences. With numerous stock screeners available, selecting the right one demands time and effort. Hence, our upcoming Finviz review will demonstrate why it stands out among the rest, assisting you in navigating the abundance of information effectively.

Exploring market trends

FinViz's scanner is endorsed by major investment banks like Goldman Sachs and JP Morgan Chase, as well as hedge funds like SAC Capital. Its powerful tools swiftly provide an overview of market trends, featuring visually appealing charts and advanced technical analysis tools as demonstrated in a FinViz review. Discover how this tool can benefit your trading strategy! Take a look at a compilation of leading trading firms.

Efficiency at your fingertips

The possibilities are endless, tailored to your unique investment approach. What's remarkable is the ability to save your search criteria for future use. Craft personalized scans and store them for later reference, or even share them with your peers! Dive into one of my preferred setups for "pinch plays."

This feature saves traders valuable time they would have otherwise spent conducting manual chart scans. It's a game-changer for investors seeking to buy and sell stocks at opportune moments. Let's delve deeper into our FinViz review to uncover more insights.

Extensive filtering options

The Finviz scanner's review underscores its standout feature: the extensive range of free filters available. What stands out is the breadth of options users can employ without cost. Traders and investors can effortlessly select from over 60 individual criteria, including price, beta, specific candlestick patterns, market cap, RSI, average volume, float short, sector, and shares outstanding. The signal drop-down menu offers various options such as patterns, Top Gainers/Losers, Insider Buying, and Unusual Volume.

Charts within the platform display trend channels and 50/200-period simple moving averages, while users can choose to view results through symbols, charts, or snapshots. These results encompass fundamentals, news, company summaries, and technical charts, providing comprehensive insights for informed decision-making.

Tailoring your screening strategy with FinViz

FinViz offers a versatile platform for traders who prefer specific news-driven trading or seek stocks aligning with particular fundamental characteristics, such as earnings dates. Investors can seamlessly integrate technical and fundamental criteria or optimize their entry and exit points based on price action. Here's how FinViz caters to different investment styles:

Momentum investors: Leverage price performance indicators to pinpoint stocks with momentum and further filter by quality, earnings growth, or value, generating fresh trading prospects.

Value investors: Identify undervalued stocks using metrics like price-to-earnings ratios and price-to-book ratios.

Growth investors: Utilize the stock market scanner to uncover stocks exhibiting high-earning growth rates or those recently upgraded.

Dividend investors: Identify stocks with high dividend yields and refine the list to exclude low-quality options, making it ideal for building a portfolio geared towards passive income.

Penny stock investors: Employ FinViz as a penny stock screener to focus on small companies and unearth the best penny stocks in the market.

Examining the FinViz heat map: An overview

1. Pattern, float, sector search

In our Finviz review, we discovered that the image below epitomizes what most people associate with Finviz. Users can perform scans based on sector, individual stocks, and float, providing insights into bullish or bearish trends within these categories.

2. Users of Finviz: A diverse spectrum

Finviz proves invaluable to professional traders and investors seeking regular updates and robust stock-finding capabilities, as highlighted in our Finviz review. It serves as a powerful tool for identifying stocks making headlines, experiencing increased volume or volatility, and catering to various trading strategies:

• Finviz is particularly beneficial to stock and equity index traders, offering insights into what influences index price levels.
• Day traders utilize Finviz to pinpoint stocks drawing attention from fellow day traders, often due to volume spikes or insider trading activity.
• Swing traders leverage the Finviz app to identify oversold or overbought stocks within well-defined trading channels, facilitating the discovery of new trading opportunities.
• Momentum traders rely on Finviz to identify top-performing stocks over specific timeframes.
• Technical traders utilize the stock finder feature to identify stocks crossing moving averages or forming classical chart patterns, streamlining the technical analysis process and saving time, especially for beginners.

Assessing Finviz pricing options

Finviz Elite is priced at $24.96 per month, with an annual subscription available for $299.50, offering a discounted rate.

There are three membership plans: Free, Registered, and Elite. The Free and Registered plans offer delayed 3-5 minute maps, group screens without intraday charts or portfolios, and screener presets. Registering is free and grants access to 50 screener presets, portfolio tickers, and daily charts.

For $39.50 per month or $299.50 annually, users can subscribe to the FINVIZ*Elite Plan, which includes real-time and pre-market quotes, advanced charting, screening with intraday charting, technical studies, backtests, correlation tracking stocks, email alerts, and up to 100 portfolios, tickers, and screener presets. Subscription also removes advertisements, making it an excellent tool for stock training.

However, one limitation of FinViz is the inability to customize screening parameters extensively. For example, users are limited to preset choices like +5% and +10% when scanning for stocks up a certain percentage in a day, unlike Trade Ideas, which allows more precise values such as 3%.