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If you are new to stock investing, what are the best stock analysis websites to help you with your stock research?
How do you actually use these stock analysis websites for your stock research?
Most importantly, can they really help you make better investment decisions?
In this article, I am going to share with you everything that I’ve learned after trying out almost all the stock analysis website out there so that you won’t waste your time (and money) on the wrong ones.
What Are The Different Types Of Stock Analysis Websites?
First, let’s take a look at the different types of stock analysis websites.
There are three main types:
Type #1: Stock Analysis Websites For Fundamental Analysis
The first type of stock analysis websites are websites that you can use for fundamental analysis.
So, what is fundamental analysis?
It basically means that you are doing research on the underlying companies of the stocks to see whether they are really profitable businesses and also whether their business will do well in the long term.
If it’s a good business based on the research, then you also want to find out if the current share price of the company is expensive, fair, or cheap.
So, if you think the stock price is cheap or fair based on your analysis, you can consider investing in the stock.
But, if you think the stock price is expensive based on your analysis, you can consider waiting for the price to drop to a reasonable and fair price level.
Type #2: Stock Analysis Websites For Technical Analysis
The second type of stock analysis websites are websites that you can use to do technical analysis.
So, what is technical analysis?
Technical analysis is used to predict stock price movements by mainly analyzing the price charts of the stocks.
If you think the stock price is going up based on your analysis, you can buy the stock (i.e. long the stock)
But, if you think the stock price is going down based on your analysis, you can sell the stock (i.e. short the stock)
Type #3: Stock Analysis Websites For Stock Recommendation & Advice
The third type of stock analysis websites are websites that you can use for stock recommendation and advice.
Some websites give stock recommendations and advice for free while others offer paid stock picking services.
Generally, free stock analysis websites are financial blogs where bloggers publish their own stock analysis and their personal views on the stocks.
On the other hand, most paid stock analysis websites are run by well-known investment experts with proven investment track records and are well-supported by a large team of stock analysts.
Best Stock Analysis Websites For Fundamental Analysis
Stock Rover is a stock analysis and research platform that is specifically designed and built for fundamental analysis.
Personally, I am a Stock Rover Premium Plus user, so I can tell you my first-hand experience of using it for my stock research.
Inside Stock Rover, there are many useful tools, but below are the three most powerful research tools of all:
- Stock Screener
- Dynamic Tables For Direct Stock Comparison
- Research Report
First, let’s talk about Stock Rover Screener.
Stock Rover provides over 650 metrics.
These metrics cover a wide range of areas such as earnings, growth, profitability, financial strength, analyst ratings, and stock ratings.
Moreover, it includes advanced metrics such as the Fair Value, Margin of Safety and Piotroski F-Score.
The best part is that you can mix and match to create your customized stock screener.
So far, Stock Rover is probably the ONLY stock research and analysis platform that provides the most comprehensive financial and fundamental information on US & Canada stocks in one place.
Next, it’s the dynamic and easy-to-use “Table” that you can use for side-by-side stock comparison and evaluation.
The Table is a very powerful comparison tool that can sort, filter, color rows, pulls up-to-date financials and pricing data, and lets you dynamically swap out datasets with just a click.
So, there is no need for you to learn all the different Excel functions to do stock comparison analysis by yourself!
My third favorite research tool is Stock Rover’s research reports.
Unlike the free research reports you get from your brokers, Stock Rover‘s research reports are updated in real-time, so all the financial data are up-to-date.
Also, you get everything you need to know(e.g. valuations, profitability, growth, peer analysis, etc), about the stock to determine if it is a fundamentally strong company to invest in.
Read My Full Review Of Stock Rover Now
Best Stock Analysis Websites For Technical Analysis
TradingView is my No.1 choice when it comes to doing technical analysis on stocks.
It’s very user friendly, and the design is very intuitive and visually pleasing too.
Unlike some stock charting software that has a steep learning curve, you will find TradingView very easy to use even if you are just a beginner stock investor or trader.
Also, for TradingView, it covers almost ALL the international stock markets.
Whether you are trading the US stock market, the HK stock market, or the Indian stock market, you can simply input the stock symbol to retrieve the stock charts and all the other relevant stock information.
Now, how do you use TradingView for technical analysis?
First of all, its charting tool is probably one of the best in the market.
It provides stock price charts in timeframes as low as 1 second.
In terms of chart types, you can find all the popular chart types such as Bar, Candlestick and Heikin Ashi as well as little known chart types such as Renko and Kagi.
When it comes to technical analysis, the most commonly used tools are drawing tools and technical indicators.
TradingView provides ALL the drawing tools you would possibly need:
- Trendline tools
- Gann and Fibonacci tools
- XABCD pattern
- Prediction and measurement tools
What is more, TradingView even created a Magnet Mode to make drawing much easier for you.
When the Magnet Mode is on, it will make your cursor snap to the Open/High/Low/Close of nearby candles.
For example, you will find this extremely useful when you are drawing Fibonacci levels.
When you are doing technical analysis, you probably use technical indicators, too.
TradingView has a wide range of technical indicators that you can use (i.e. 100+ built-in indicators for stock market analysis and 5,000+ custom built indicators created by its talented trading community).
If that is not enough, you can create your own indicators and run them on its servers using TradingView‘s very own scripting language called Pine Script.
Here comes the super cool part about TradingView.
Imagine that you get real-time alerts for your favorite trade setups without having to stare at the charts and monitor the stock market all the time.
TradingView makes it possible by allowing you to create real-time alerts via email or SMS or pop-up whenever a pre-defined technical condition or a set of pre-defined technical conditions are met.
Lastly, analyzing the price chart of the stock might not be enough.
Personally, I also like to compare the stock against the stock market index or its competitor from the same industry on the same chart.
TradingView makes it very easy to do that.
On top of that, you can even add fundamental metrics to the stock chart to help you analyze the stocks from a fundamental point of view.
Now, does it cost you any money to use TradingView?
The answer is no.
It has a FREE plan which allows you to use most of its powerful charting tools.
By the way, TradingView has both a mobile app version as well as a web-based version, so you can easily access it on the go.
Try TradingView For FREE
TrendSpider is an automatic technical analysis trading software built by traders for traders.
Its unique set of trading tools can help you find good trade setups faster.
Now, let’s take a look at each one of its powerful tools and how you can use it to help you trade better.
Its market scanner can automatically scan the market for the best trading opportunities based on your pre-defined technical conditions.
The best part is that you can mix-and-match any technical conditions using any indicators or combination of indicators together in one scan with no programming knowledge required. (it’s all visual)
How cool is that!
If you are like me and prefer to do multiple timeframe analysis, you are going to love this.
TrendSpider’s Market Scanner can search across any timeframe, from 1-minute to 1-month, and can even combine multiple timeframes together in a single scan.
This is one of the most unique features of TrendSpider.
Now, can you do multiple scans at the same time?
Yes, TrendSpider can do that for you.
Once you have created your favorite scanners, you can use them at the same time to find good trading opportunities.
TrendSpider can even alert you if a particular stock in one scan appears in another scan — a great trading opportunity.
If you don’t have any scanners in mind yet, it’s okay too.
There are 20 pre-built scans to help you get started quickly.
Lastly, you can turn your scanner into a dynamic watchlist that is automatically refreshed and kept up-to-date.
With Market Scanner, you’ll never miss out on your ideal trading setup again.
So, what is Smart Charts?
And how can it help with your trading?
First, let’s just pause and picture this for a short while.
What if you open a chart and all the trendlines and support & resistance levels have been drawn for you?
What about automatic Fibonacci retracement levels?
Or how does automatic breakout detection or automatic candlestick pattern recognition sound to you?
With TrendSpider’s built-in automated chart analysis algorithms, you can have all these automated for you.
So, no more squinting at charts trying to identify meaningful patterns or trying to re-drawing trendlines over and over.
Also, it allows you to spot hard-to-find patterns and trends that you might otherwise miss.
With Smart Charts, you can not only reduce mistakes and eliminate guesswork but also save a lot of time.
And this is not all.
You also get real-time market data and 20+ years of historical data. (No extra charge for data)
If you are a heavy user of technical indicators, there are hundreds of indicators and studies included in Smart Charts.
On top of that, you also get access to its powerful, proprietary visualizations such as heatmaps, Raindrop Charts, and anchored indicators.
Lastly, you can perform multiple timeframe analysis on a single chart.
This allows you to see trends that other traders will almost certainly miss without pulling up separate charts and manually comparing them.
The best part is that there is no software to download or install.
It’s 100% web-based.
If you are a serious technical trader, then you should definitely try out TrendSpider‘s Automated Technical Analysis
Technology which not only helps you save tons of time but also helps make sure you never miss any of your trade setups.
Read My Full Review Of TrendSpider Now
Best Stock Analysis Websites For Stock Recommendation
Motley Fool Stock Advisor
If you are looking for a stock analysis website for stock recommendation and advice, then I highly recommend Motley Fool Stock Advisor.
Personally, I have been subscribing to Motley Fool Stock Advisor for a long time.
So, why do I want to pay for stock recommendations when there is so much free information online?
Here are a few reasons.
First, I am investing my hard-earned money.
When it comes to investing, there are always risks.
Now, do you feel comfortable risking your money just based on some free stock advice from a person with no credentials and no proven track records?
Secondly, no one can possibly scan the entire stock market for good investment opportunities because you simply don’t have the time. (by the way, there are close to 4,000 stocks listed on US stock exchanges alone)
Also, there are always other people who have more knowledge and experience in a particular industry than you, so you would probably miss some great stock ideas that are hard to discover on your own.
Lastly, I think the value I’ve gotten is more than worth the small investment that I made in Motley Fool Stock Advisor.
Now, let’s take a look at the performance of Motley Fool’s stock recommendations.
For the last four years from 2016 to 2019, Motley Fool’s stock picks have beaten the S&P 500 by 53%.
Now with the Coronavirus crisis going on, how have their stock picks been performing?
As of Sep 2020, average Motley Fool Stock Advisor recommendations have returned over 481%, with over 100 stock recommendations with 100%+ returns.
Here are just some of their best-performing stock picks:
- Shopify: it is up 389%
- Amazon: it’s up 15,295%
- Netflix: it’s up 18,410%
- Zoom: it’s up 95%
- Okta: it’s up 421%
Just imagine that you actually found out about these great stocks way before everyone else did.
How would your investment portfolio be like today?
For these exact reasons, I’ve been using “Motley Fool Stock Advisor” for years.
With “Motley Fool Stock Advisor“, you get access to an experienced team of investment professionals and leverage their expertise and time to help you achieve better results with your investment.
Personally, I’ve gotten quite a lot of profitable stock ideas that I would have otherwise missed out.
Read my full review of Motley Fool Stock Advisor Now
Can Stock Analysis Websites Really Help You Invest Or Trade Better?
So, can the stock analysis websites really help you?
Personally, I am using most of the above-mentioned stock analysis websites.
I am both a long-term stock investor and a part-time stock trader.
As an investor, I use Motley Fool Stock Advisor to get investment ideas because it’s impossible for me to identify ALL the good investment opportunities by myself.
Being a Motley Fool Stock Advisor member has allowed me to pick up some really great stock picks that I would have otherwise missed.
By the way, I don’t buy every stock recommendation that I get from Motley Fool Stock Advisor because I prefer to only invest in stocks that I personally believe have the most upside potential.
That’s why I use Stock Rover to do my own fundamental analysis of these stocks as well as find other investment opportunities.
From time to time, I also take a few swing trades if I spot a great trading opportunity.
TradingView is my go-to platform for technical analysis because of its powerful charting tools and the trading alerts that I can create based on my customized technical indicator.
With TradingView, I don’t have to waste my time staring at the chart and manually look for my trade setups.
For myself, I cannot live without these stock analysis websites and platforms because it makes my life so much easier and also helps me invest better and trade better.
Now, which stock analysis website is right for you?
If you are a beginner investor, I highly recommend Motley Fool Stock Advisor because it is very beginner friendly and helps you build your investment portfolio from scratch.
If you have some experience of investing and prefer to do your own stock analysis, then I recommend Stock Rover.
Now, if you want to trade stocks instead of investing in stocks, then TradingView is probably THE best technical analysis platform for stock traders.