The US represents about 60% of stock market capitalization around the world.
Because of the popularity of American investing, traders need to use the best stock analysis software to look into investment opportunities and assess various possibilities. Read on to learn the top technical analysis software that can help you make smarter investments.
1. Charles Schwab
Charles Schwab is one of the biggest stock trading platforms in the world. Their website offers a huge number of different investing services in addition to online trading and ETFs. One of these services on their StreetSmart Edge trader platform is known as “Screener Plus.”
On Screener Plus, you’ll get real-time data about the hottest stocks on the market. You can filter out stocks and ETFs based on many different technical criteria, including Trading Central technical signals. It’s also possible to set parameters and restrictions like price, growth rate, and popularity so that you can find the perfect investments for your portfolio.
You can also create stock watchlists with certain criteria. The Screener Plus mobile application will alert you when it recognizes something that falls into your pre-defined parameters’ pattern. This makes it one of the best stock apps on the market since investing is so simple when you use its tracking tools.
2. TradingView
TradingView is one of the most popular apps for traders across the globe. The website charts stocks and market trends and presents them in the form of easy-to-read charts and graphs.
If you don’t know how to chart yet, this stock analysis software program will walk you through the process. If you’re already a pro, you can build your own overlay functions set to leverage the tool in a way that makes sense to you.
There are lots of benefits to this platform beyond its display settings, including its stock screener and drawing tools. It also provides a market overview and more specific watchlists so that you can get all the information you need for wise investments. You can save charts and share them as well.
And, best of all, it’s 100% free.
3. TrendSpider
TrendSpider has the same technical charting capabilities that TradingView offers. It also is heavily automated so that you can grow your wealth with dynamic tools. It will plot trendlines, identify support levels for stocks, and assess risk and resistance.
This tool is therefore great for people who don’t want to sit and monitor stocks full-time. It will give you automated assessments within moments.
This tool is also ideal because it gives you dynamic alerts to the smartphone or browser the app is installed on. It works on any web browser as well as both Android and iOS apps.
Get Started With the Best Stock Analysis Software
Making smart investments can be challenging, but the best stock analysis software can make it easier. Now that you know some of these technologies, it’s time to learn more.
My YouTube channel, “Figuring Out Money,” is committed to providing both new and seasoned traders with the tips they need to succeed when investing in stocks. Contact me to learn more about this channel and how you can use technical analysis tools to bring your A-game to investing.
