I've used Finviz for a few years now and have found it to be a pretty powerful tool, especially considering there is a free version. One of the features that really stands out for me is the ability to use a wide range of technical and fundamental filters. This flexibility allows me to customize my screens specifically to my investment strategies, whether I'm looking at growth, value, or even speculative stocks.
One particular filter that I've found especially useful is the “Average Volume” filter. This helps in narrowing down stocks that have higher liquidity, which is crucial if you're looking to enter or exit positions without significant price slippage. There’s also a good range of indicators for technical analysis like RSI, SMA, and more, which I find helpful when I'm gauging market trends.
In terms of the comparison between the free and the paid version, I’d say that the free version is great for basic screening and casual analysis. However, the paid version, Finviz Elite, offers real-time data and more advanced charting capabilities, which can be very beneficial if you’re day trading or need the latest information to make quick decisions. The Elite version also provides access to alerts, backtesting, and fundamental charts, which adds significant value if you’re a more serious investor or trader.
To get the most out of Finviz, I recommend spending some time exploring different filter combinations to see what aligns with your investment goals. Also, using their interactive charts to analyze historical performance can add another dimension to your research. Additionally, keeping an eye on their "News" and "Insider Trading" sections can provide insights into potential stock movements.
I'd be curious to know if anyone else uses other tools alongside Finviz to complement their stock analysis and how they integrate these tools into their process. Does anyone have a favorite combination of tools or strategies that they find particularly effective?
