Finviz Elite 2024 Review: Best Stock Screener Tool?

Finviz Elite Review

Overview: Finviz Elite is a powerful, all-in-one platform designed to streamline your stock research and analysis process. With its comprehensive suite of tools and real-time data, Finviz Elite empowers you to quickly uncover profitable investment opportunities and stay ahead of the market.

What sets Finviz Elite apart is its unrivaled combination of real-time market data, advanced screening capabilities, and intuitive user interface. Whether you’re an active trader or long-term investor, Finviz Elite provides the insights and efficiency you need to make informed decisions with confidence.

One of the standout features of Finviz Elite is its real-time data feed, which keeps you updated on every market move as it happens. From live quotes and news to insider transactions and SEC filings, you’ll have instant access to the information that moves markets, allowing you to react quickly and seize opportunities as they arise.

Another game-changing aspect of Finviz Elite is its powerful stock screening tools. With the ability to filter stocks across a wide range of criteria, you can easily home in on the stocks that perfectly match your investment strategy:

• Fundamental criteria - Identify stocks based on financial metrics and ratios

• Technical criteria - Find stocks that match specific chart patterns and indicators

• Descriptive criteria - Screen for stocks by sector, industry, market cap, and more

For those who want to test their strategies before risking real money, Finviz Elite’s backtesting capabilities are a true game-changer. With access to over 20 years of historical market data, you can validate your trading ideas and refine your approach based on actual performance data. This level of testing and optimization can give you a significant edge in the market.

Beyond its powerful features, Finviz Elite also stands out for its user-friendly interface and customization options. The platform is intuitively designed to put the information and tools you need at your fingertips, with customizable layouts, charts, and watch lists that adapt to your preferences.

Plus, with no ads and the ability to export data for further analysis, Finviz Elite provides a distraction-free environment that lets you focus on what matters most – making profitable trades.

In essence, Finviz Elite is more than just another research tool – it’s a comprehensive platform that equips you with the data, insights, and efficiency you need to succeed in the markets. By combining real-time data, advanced screening, backtesting capabilities, and an intuitive interface, Finviz Elite gives you a powerful edge over basic research tools and empowers you to take your trading to the next level.

Bottom Line Upfront: Finviz Elite is an incredibly powerful platform that provides active traders with all the tools and data they need to gain an edge in the markets. While it may not be the right fit for every investor, for those who will take full advantage of its capabilities, the subscription cost is easily justified by the depth of insights and efficiency it enables.

What really sets Finviz Elite apart is how it combines real-time market data, advanced screening, professional-grade charting, and backtesting all into one integrated, user-friendly interface. This means you can go from generating an idea to researching it, validating it, and executing a trade seamlessly.

A few of the key benefits for active traders include:

• Instant alerts on price moves, news, and insider transactions on your positions

• Powerful stock screeners to quickly find trade ideas matching your parameters

• Advanced charting with extensive technical indicators and timeframe analysis

• 20+ years of historical data for backtesting and strategy optimization

Is Finviz Elite a necessity for every investor? No. But for active traders who depend on speed, flexibility and robust data to drive their decision making, I believe the platform is an invaluable resource.

The monthly cost should be looked at as an investment in your own success. If you are the type of trader who is hungry for an edge and willing to put in the work to capitalize on these professional-grade tools, Finviz Elite is a powerful ally that can elevate your market intelligence and streamline your process.

Ultimately, by enabling more informed, opportunistic trades, the subscription can pay for itself many times over.

The Good

One of the standout features of Finviz Elite is the real-time data and alerts. For active traders, having instant access to price changes, news, and insider transactions provides a significant edge in making timely trading decisions.

Finviz Elite offers exceptionally deep and flexible screening tools. With the ability to quickly filter the entire market across fundamental, technical, and descriptive criteria, you can easily find stocks that fit your exact trading strategies. The screener is a powerhouse for uncovering new trade ideas (see our review) aligned with your goals.

The backtesting tools in Finviz Elite are a game-changer for validating trading strategies. By testing your ideas against 20+ years of historical data, you can gain much more confidence before risking real money. Backtesting is an essential feature for serious traders looking to optimize their approaches.

The charting capabilities in Finviz Elite are top-notch:

• View multiple timeframes

• Compare against benchmarks

• Access a wide range of technical indicators

You have everything you need for in-depth market analysis. The charts are not only highly informative but also visually intuitive.

Finviz Elite shines in its user-friendliness and customization options. The interface is thoughtfully designed, making it easy to navigate the extensive features. The ability to import your portfolio and watchlists, set up personalized alerts, and customize your layout enhances the overall experience and efficiency.

The Hype

While Finviz Elite offers a wealth of valuable features, some aspects of its marketing don’t quite align with reality. The insider trading data, for instance, is often touted as a key selling point. However, it’s important to remember that just because an executive bought shares doesn’t guarantee the stock will soar.

Insider transactions can provide interesting insights, but they shouldn’t be the foundation of your investment thesis. Many other factors should be carefully considered before making any investment decisions based on insider activity alone, such as:

• The company’s financial health

• Competitive landscape

• Growth prospects

Another area where the hype doesn’t match reality is the notion that Finviz Elite is suitable for all investors. While the platform offers an impressive array of tools and data, it’s primarily designed for active traders who require real-time information and advanced analytical capabilities.

Buy-and-hold investors or those with smaller portfolios may find the subscription cost harder to justify, as they may not fully utilize the short-term focused features. It’s crucial to align your investment style and needs with the platform’s offerings before subscribing, to ensure you’re getting the most value for your money.

What Can Be Improved?

While incredibly powerful, the array of features in Finviz Elite can feel a bit overwhelming at first, especially for less experienced investors. It takes some time to learn how to leverage all the tools effectively, which may pose a steep learning curve for newer investors.

The stock screening features, while robust, lack some of the more advanced filters and ranking algorithms available in other tools focused purely on screening. While it’s great for most use cases, power users might want even more granularity in their screening capabilities.

Fundamental data could be better integrated into the platform. It would be useful to see more fundamental data directly incorporated into the charts and additional valuation metrics added to the screening options. For example, the ability to screen on historical EPS growth rates would provide valuable insights for investors.

The subscription cost for Finviz Elite can be prohibitive for some users. Paying for a premium service like this only makes sense if you have a decent account size and trade relatively frequently, as the monthly cost can add up for smaller portfolios or less active investors.

Closing

For the serious trader or investor who demands the best tools to maximize their edge in the markets, Finviz Elite is simply indispensable. By integrating real-time data, advanced analytics, and intuitive visualizations into one powerful platform, it streamlines your research process and empowers you to spot opportunities ahead of the crowd.

Finviz Elite doesn’t just deliver information - it provides deep market insights. With its robust screening capabilities, customizable charts and alerts, and extensive backtesting tools, you can swiftly zero in on the most promising trade setups and invest with greater precision and conviction.

This is the type of service that separates the elite traders from the average ones.

While the subscription does require an investment, for an active trader the potential benefits far outweigh the costs. The time you’ll save in research and the trading mistakes you can avoid by leveraging the platform’s tools can easily pay for the service many times over.

In the world of investing, knowledge is power - and Finviz Elite puts that power at your fingertips.

If you’re committed to elevating your trading game and achieving superior returns, you owe it to yourself to experience what Finviz Elite can do for you. With its unmatched capabilities and user-friendly interface, it’s a service that can truly take your investing to the next level.

Seize this opportunity to sharpen your edge - your future self will thank you.

FAQ: Finviz Elite

• Q: How much does a Finviz Elite subscription cost?

A: Finviz Elite costs $39.50 per month. There is no long-term contract, so you can cancel anytime.

• Q: How does Finviz Elite compare to other stock research and analysis platforms?

A: Finviz Elite stands out for its:

Powerful real-time data

• Advanced screening capabilities

• Backtesting tools

• Highly customizable interface

While some platforms may offer more fundamental data or advisory services, Finviz Elite excels in enabling self-directed research and active trading.

Q: What level of investing experience do I need to make the most of Finviz Elite?

A: While Finviz Elite is accessible to investors of all skill levels, intermediate to advanced investors will likely capture the most value from it. The platform’s extensive features and data are geared towards those who already have a foundation in financial markets and want to elevate their research capabilities.

Q: Who is the ideal user for Finviz Elite?

A: Finviz Elite is best suited for:

• Active traders

• Self-directed investors

• Market professionals

If you’re a hands-on investor seeking to maximize your edge in the markets, Finviz Elite is worth serious consideration.

Q: Can I use Finviz Elite for long-term investing, or is it only for short-term trading?

A: While many of Finviz Elite’s features lend themselves to short-term active trading, the platform is also valuable for longer-term investors. The screening tools, historical backtesting, and correlation analysis can absolutely inform strategic portfolio construction and investment selection for multi-year time horizons.

Q: How steep is the learning curve for using Finviz Elite effectively?

A: Finviz Elite offers an intuitive, user-friendly interface that makes exploring its features relatively straightforward. However, to fully harness its power, plan on investing some time in learning the ins and outs of the platform.

Dedicate a few hours to playing with the screeners, customizing layouts, backtesting ideas - it will pay off.

Q: Does Finviz Elite provide buy/sell signals or specific trade recommendations?

A: No, Finviz Elite does not offer any trading advice, stock picks, or portfolio management. It is strictly a research and analysis tool that empowers you to generate your own ideas and make independent trading decisions.

Q: How reliable is Finviz Elite’s data and technical analysis?

A: Finviz Elite pulls its real-time and historical market data from highly respected third-party providers to ensure accuracy and reliability. The platform’s technical studies and charting are on par with industry standards.

Q: What is the best way to learn how to use Finviz Elite?

A: To familiarize yourself with Finviz Elite’s full capabilities:

• Take advantage of the how-to guides, video tutorials, and knowledge base on the Finviz website

• Participate in the user community forums to learn from other investors’ experiences and strategies

Q: Can I access Finviz Elite from multiple devices?

A: Yes, your Finviz Elite subscription allows you to access the platform from any Internet-connected computer via your web login. While there is no dedicated mobile app, the Finviz Elite website is mobile-responsive for easy access on smartphones and tablets.

Best Alternatives to Finviz Elite

While Finviz Elite offers a robust suite of tools for active traders and investors, it’s not the only option available. Depending on your specific needs and investment style, other services might offer features better suited to your requirements. Here are some top alternatives that could serve as excellent substitutes:

1. **TradingView****TradingView is reputable for its extensive charting tools and social networking features, catering to both novice and experienced traders. It provides a wide range of technical indicators, drawing tools, and real-time data, making it a strong competitor to Finviz Elite. One of the standout features of TradingView is its community-driven insights, where users can share and discuss trading ideas. This platform is particularly useful if you value collaborative learning and community support along with advanced analytical tools.

Read our in-depth review of TradingView here.

2. Benzinga Pro****Benzinga Pro is another powerful alternative, particularly for traders who require real-time news and data. This platform excels in delivering fast and actionable market news, which can be critical for making timely trading decisions. Benzinga Pro also offers a range of screening tools, charting capabilities, and real-time alerts, similar to what Finviz Elite provides. The platform’s newsfeed is highly customizable, ensuring that you receive only the most relevant information for your trading strategies.

Read our detailed review of Benzinga Pro here.

3. Seeking Alpha Premium****If you are looking for a service that combines market insights with detailed stock analysis, Seeking Alpha Premium might be the right choice. This platform offers in-depth articles from financial experts, quantitative ratings, and exclusive stock research. While it might not have the same level of real-time data and charting tools as Finviz Elite, its strength lies in providing comprehensive analysis and investment ideas, which can be invaluable for both short-term traders and long-term investors.

Read our comprehensive review of Seeking Alpha Premium here.

4. TipRanks** TipRanks offers a unique approach by aggregating analyst ratings, insider transactions, and news sentiment to provide a holistic view of stock performance. This platform’s ability to visualize data and provide actionable insights makes it a strong alternative to Finviz Elite, especially if you’re interested in seeing how market experts are positioning their investments. TipRanks also offers powerful screening tools and portfolio management features, catering to both active traders and more passive investors.

Read our in-depth review of TipRanks here.

Each of these alternatives has its unique strengths and can cater to different aspects of trading and investing. Depending on whether you prioritize real-time data, community insights, detailed analysis, or expert opinions, you might find one of these services to be a better fit for your investment strategy.