Finviz Review – Is The Elite Subscription Worth It?

Updated May 9, 2024

At a glance

overall

4.5

Overview

Finviz is a financial website that provides a comprehensive platform for traders and investors to analyze stocks, market trends, and other financial instruments.


When it comes to navigating the intricate waves of the stock market, having a robust set of stock screening tools at your disposal can make all the difference.

The Finviz platform, standing for Financial Visualizations, has been a beacon for individuals seeking clarity in the turbulent sea of market data. 

Since its inception in 2007, Finviz has emerged as a leader in market analysis, offering its users an intuitive way to visualize financial ecosystems and unlocking a treasure trove of investment opportunities.

Key Takeaways

  • Finviz simplifies financial market analysis with easy-to-use stock screening tools.
  • The platform provides powerful financial visualizations to enhance user experience.
  • Real-time quotes and customizable filters aid in precise market navigation.
  • It caters to a diverse audience, from casual investors to professional portfolio managers.
  • Equipped with both technical and fundamental analysis tools, Finviz supports a variety of investment strategies.
  • Market visualizations on Finviz are designed to help users quickly interpret complex data.

Introduction to Finviz

In the dynamic world of investing, where financial data visualization empowers participants to make informed decisions, Finviz emerges as a key player in stock market research and investment screening.

The platform's user-friendly interface combined with an arsenal of analytical tools bridges the gap between complex data and actionable insights, catering to a diverse spectrum of market players.

What Finviz Stands For

At its core, Finviz (an abbreviation for Financial Visualizations) is dedicated to providing sophisticated yet manageable financial data visualization tools intended to enhance stock market research.

The well-architected framework offers an array of resources for investment screening, enabling both novice and veteran investors to swiftly sift through the vast geographical landscape of stocks, commodities, forex, and more. Finviz's allure lies in its precision filters and interactive features that transform the intricacies of market data into understandable, straightforward visuals that inform investment strategies.

Overview of Finviz's History and Growth

Embarking on its journey as a vision of Juraj Duris, Finviz was conceptualized not merely as a platform but as an initiative aimed at democratizing access to financial information.

This platform, from its inception in 2007, has seen exponential growth, reflecting a consistent upward trajectory from its humble beginnings to a comprehensive tool utilized globally.

Now boasting a significant user base that spans individual investors to financial institutions, Finviz has cemented its status as an indispensable asset within the market research arena and continues to drive the evolution of investment screening for various stakeholders.

Trade Ideas provides a comprehensive suite of tools and services for active traders and investors, offering real-time market scanning, stock screening, and algorithmic trading strategies to help users identify potential investment opportunities in the stock market.

ABOUT the Trade Ideas

  • Rated A+ by the BBB
  • Reviewed by Benzinga 5-Star
  • Editors’ Choice Award from WealthUp
  • Earned over 8,000+ 5-Star Customer Ratings

Getting Acquainted with Finviz's Core Functionalities

For those seeking to advance their skills in stock analysis and market tracking, the Finviz platform is a treasure trove of data-rich tools designed to enhance investment decision-making. At the heart of Finviz's offerings, you'll discover an expansive stock screener, user-friendly heatmaps, and a suite of advanced charting tools that cater to all levels of market participants.

With Finviz Elite, the platform transcends its already comprehensive free features to provide premium users with a more penetrative look into market dynamics. Let’s delve into the core functionalities that set Finviz apart as an indispensable asset for traders and investors:

  • Dynamic Stock Screener: Search through over 8,500 stocks and ETFs with the aid of 67 fine-tuned filters, making it an ideal resource for both fundamental and technical analysis aficionados.
  • Versatile Heatmaps: Get a quick, visual read on the market with color-coded heatmaps, representing a breadth of sectors and industries at a single glance.
  • Advanced Charting Options: Access a diverse array of chart types, offering different time frames to accommodate varied analytical approaches and market tracking strategies.
  • Portfolio Management: Organize and monitor your investments with sophisticated yet user-friendly portfolio tools designed for both novice traders and experienced market professionals.
  • Alert Systems: Stay ahead of market events and movements with customizable alerts that ensure you're always informed in real-time.
  • Backtesting Tools: Validate your trading strategies using robust backtesting tools that leverage historical data to forecast potential future performance.

Finviz Elite takes these core features and augments them with additional data sets and capabilities, illustrating its commitment to being an all-encompassing platform for serious market practitioners.

Whether you're tracking market trends, analyzing individual stocks, or backtesting strategies, Finviz equips you with the tools necessary to navigate the complexities of the financial markets with confidence and precision.

Exploring the Depths of the Finviz Stock Screener

As the digitized world of stock investing continues to evolve, sophisticated platforms like Finviz empower investors with advanced tools to formulate a distinctive investment strategy.

Through Finviz's rigorous stock filtering process, traders have the capacity to sift through the market's noise and concentrate on financial metrics that matter. Finviz's dynamic screener serves as a beacon for those who rely on technical and fundamental analysis to guide their investment journeys.

Analyzing the Screener's Technical Criteria

Delving into the screener's technical criteria, Finviz offers a granular level of control that can refine an investor's search to match precise trading preferences and strategies.

Variables such as moving averages, RSI levels, and patterns, from head and shoulders to wedges, facilitate a comprehensive understanding of technical momentum and trend indicators.

This nuanced approach allows investors to make informed decisions based on established technical metrics, increasing the potential for favorable outcomes in the volatile stock market.

Filtering Stocks with Fundamental Criteria

In addition to technical data, Finviz's screener is adept at dissecting stocks using a robust array of fundamental criteria.

Assessing financial health through metrics such as P/E ratio, debt/equity, ROI, and Earnings Per Share (EPS) growth captures a snapshot of a company's underlying value and future prospects.

This meticulous evaluation provides a powerful complement to any investment strategy, enabling one to filter and select stocks that align with established financial benchmarks and personal investing goals.

Analyzing Finviz's Unique Heatmaps Feature

When it comes to market visualization, Finviz's heatmap tool stands out for its ability to offer investors a quick snapshot of sector performance. By using an intuitive color-coded system, these heatmaps allow individuals to discern market movements with clarity and speed. Each shade corresponds to a specific performance range, making it effortless to identify trends within industries.

  • Green tones indicate positive movement, reflecting a stock's outperformance.
  • Red hues suggest a decline or underperformance relative to the market.
  • Brighter intensities of colors highlight larger moves, while muted tones suggest minimal change.

The heatmap tool is more than a static visual aid; it's interactive, inviting users to delve deeper into the data by selecting specific sectors or stocks to examine individual performance. This interactive capacity bridges the gap between macro-level overviews and granular, asset-specific analysis.

  1. Click on a densely colored area to view substantial price movements within that sector.
  2. Select an individual stock to retrieve essential details such as price changes, volume stats, and more.
  3. Utilize the sorting feature to organize assets by criteria like market cap, P/E ratio, or dividend yield.

By blending comprehensive market data into an accessible, visual format, Finviz's heatmap tool complements other features of the platform to offer a well-rounded view of the market. This visualization is indispensable for those seeking to gauge the pulse of the market and align their investment strategies accordingly.

Insight into Finviz's Advanced Charting Tools

For investors who thrive on technical analysis, Finviz offers a sophisticated suite of advanced charting tools designed to enhance market decision-making.

Whether you're a novice investor or a seasoned market analyst, the platform’s array of chart types and its cornucopia of indicators provide a rich tapestry of data that can be tailored to fit any investment style or analysis technique.

The Variety of Chart Types Available

With an extensive selection of chart types at your disposal, navigating the waters of stock analysis has never been more intuitive. Finviz accommodates various preferences:

Chart Type

Description

Key Benefits

Candle Chart

Displays price movements with candles representing individual trading periods.

Useful for spotting patterns and price action.

Line Chart

Lines connect closing prices to show the trend over time.

Simplicity and clarity for trend analysis.

Advanced Chart

Enables the addition of various technical indicators onto the chart.

Flexibility for technical analysts to overlay multiple indicators.

Interactive Chart

Allows users to interact with the chart for a more detailed analysis.

Dynamic and detailed, perfect for in-depth technical analysis.

Each chart type is a gateway to a deeper understanding of market trends, bolstered by chart indicators that provide insights into volume, volatility, momentum, and much more.

Accessibility of Charts across Different Account Tiers

The accessibility of Finviz’s charts varies depending on the user’s subscription level:

  • Basic account holders can benefit from a wide selection of chart types and standard indicators.
  • Finviz Elite members gain exclusive access to interactive charts, allowing dynamic analysis with real-time data.

Additional features such as extensive backtesting and immersive time frames are unlocked with Finviz Elite, ensuring that every subscriber has the tools they need for comprehensive technical evaluations.

By investing in Finviz Elite, serious traders can dive into an enriched trading experience with a full complement of chart indicators and interactive charts that reveal the subtleties of market movements. No matter the account tier, Finviz is committed to delivering advanced charting capabilities that empower users to make informed and strategic investment choices.

The Added Advantage of Finviz Elite

For investors who seek the pinnacle of stock market analysis, Finviz Elite stands out as the premium choice.

This upgraded service of the already robust Finviz platform is designed to meet the nuances of sophisticated investment strategies, providing a full suite of tools that extends well beyond the capabilities of the standard offering.

Feature

Benefit

Finviz Basic vs Finviz Elite

Real-Time Data

Enables instantaneous market analysis and decision-making

Delayed data vs Live data updates

Advanced Charting

Comprehensive visual tools for detailed technical analysis

Limited interactive charts vs Full range with additional indicators

Backtesting

Validate strategies with over 20 years of historical data

No backtesting vs Advanced backtesting with pattern recognition

Custom Alerts

Stay informed with personalized notifications

Basic alerts vs Fully customizable alerts and notifications

Enhanced Screeners

Detailed filters for refined stock selection

Limited filters vs Expanded screener capabilities

Real-Time Data and Additional Perks for Elite Subscribers

Finviz Elite users gain an invaluable edge with access to real-time market data, enabling them to make swift and informed decisions. Real-time data ensures that you are not a step behind in the rapidly moving markets, but rather moving with the tide — a critical advantage in implementing successful trades.

Alongside this, Finviz Elite's subscribers benefit from advanced charting tools that offer deeper insights into stock chart patterns and a vast array of customization options, ensuring that personal investment strategies are accurately reflected in the analysis provided.

Backtesting: An Elite-Only Feature with 24 Years of Data

One of the most acclaimed features of Finviz Elite is the exclusive backtesting tool. Harnessing over 24 years of historical data and over 100 different trading indicators, it allows traders to validate their investment strategies against past market performance.

This feature not only gives an indication of a strategy's efficacy but also offers the ability to refine approaches based on empirical evidence. 

The depth and breadth of Finviz Elite's backtesting capabilities make it a crucial resource for traders looking to bring precision and historical perspective to their market engagement.

Additional Tools and Benefits of Using Finviz

In the modern age of investing, having comprehensive tools at your disposal is crucial for staying ahead. Finviz offers multifaceted avenues for financial analysis, including a robust financial news aggregation platform. By gathering the latest updates from credible sources like Bloomberg and the Wall Street Journal, investors can stay on top of market trends and breaking financial stories that could impact their trades and investment decisions.

Another critical aspect of Finviz is its coverage of insider trading activities. This feature provides data on stock transactions by company executives and other insiders, giving you a peek into the moves made by those who know their companies best. Tracking these transactions can be an essential part of an investor's research and strategy, potentially offering insights into future stock performance.

For traders interested in diversifying their portfolios, Finviz extends its analytic capabilities to the futures and forex markets. This provides a holistic view of the trading landscape, allowing investors to identify opportunities across different asset classes.

Moreover, Finviz understands the need for continuous learning in the ever-evolving financial world. It equips users with valuable educational resources to enhance their understanding of the markets and the tools at their disposal. Whether you're a beginner or a seasoned professional, these learning aides are designed to help you refine your market analysis and investment approach.

Quick Recap:

  • Real-time updates and analysis from well-respected financial news outlets
  • Data on insider trades that can provide unique investment insights
  • Comprehensive coverage of futures and forex for portfolio diversification
  • Educational materials to bolster financial knowledge and strategy-formation

Finviz is tailored to meet the needs of a diverse investor base, striving to facilitate informed and calculated financial decision-making. With its user-friendly interface and range of tools, Finviz is more than just a stock screener; it's a gateway to informed investment strategies.

Conclusion

As we've explored the comprehensive suite of tools offered by Finviz, it's clear that this platform has established itself as a sophisticated and accessible investment platform for a wide variety of market participants. 

From individual investors to professional traders, Finviz equips users with a powerful stock market tool through its advanced stock screener, detailed heatmaps, and intricate charting capabilities. These tools are designed to refine and inform users' market strategy, demonstrating a keen understanding of the intricacies of financial markets and the diverse methods investors employ to analyze them.

In conclusion, whether you're just starting out or you're a seasoned professional seeking to optimize your investment practice, Finviz delivers a wealth of resources and data designed to support and elevate your trading experience. With its rich functionality, user-centric design, and extensive educational support, Finviz remains a valuable ally in the pursuit of stock market success.

QUICK SUMMARY

  • Service: Stock scanning software
  • Pricing: $24.96/month
  • Promotion: 30 day money back guarantee

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