Looking for the best software to fast-pace your market research and improve your investing strategy?
Relax, you’re not alone! With every software promoting itself as the best, it’s natural to confuse yourself with the overwhelming number of options in the market.
Therefore, this blog explores some of the best stock market research and analysis options to save you the hassle of exploring every software in detail. Continue reading as we learn more about these software’s in the following sections.
Best Stock Market Research & Analysis Software Decoded
Best for: Beginner investors looking for potentially long-term stock.
AltIndex is a premier market research and analysis software specializing in alternative data. The platform is widely popular for its social sentiment analysis. AltIndex collects data from platforms like Twitter, Reddit, and Facebook to find potential stocks that could enter a bullish cycle.
It uses many data points and metrics, including Google search and financial news sites, to rank stocks between 0-100. This rating metric allows investors to get an idea of potentially strong stocks with a higher number having better performance opportunities.
Other aspects of AltIndex revolve around its intuitive dashboard that allows investors to pick and analyze thousands of US-listed stocks in the market.
|Expert Highlights||● Unique software that analyzes social sentiment to rank and rate potential stocks that have a potential for an uptrend.
● Access to thousands of US-listed stocks, including medium and large-cap companies.
● Investors can receive 50+ stock picks every month via personalized emails.
|Pros||● AI-driven stock recommendations.
● Access to numerous screening metrics for better analysis.
● Also supports cryptocurrencies.
|Cons||● Free plan is limited to one stock pick per month.
● Offers limited stock data.
Best for: Investors looking to diversify their portfolio across different markets.
Next, we have StockLytics, another market research and analysis tool that provides insight into over 5,800 stocks from 11 different exchanges worldwide. Investors using the StockLytics platform can research the key stats of potential stocks they want to include in their portfolio.
StockLytics’s personalized approach makes it a reliable software for investors and traders alike. It allows you to set custom notifications to track individual market movements. What’s more? Like AltIndex, StockLytics also offers an AI-powered SMC scoring system that values stocks between 0 and 100 based on valuations, performance, and volume.
|Expert Highlights||● Competent platform for investors who want to diversify their portfolio across different market exchanges.
● Option to set custom notifications for tracking the market movement of individual stocks.
● AI and SMC-powered scoring system that ranks potential stocks between 0-100, with higher numbers having high potential.
|Pros||● Proprietary scoring systems
● Analyzes 5,300 stocks and 3,200 ETFs.
● Option to shortlist and analyze individual stocks.
|Cons||● No crypto or commodities.
● Steep learning curve for beginners.
Best for: Investors who want a read-only data feed of their portfolio holdings.
Next, we have Stock Rover, another unique market research and analysis software for self-directed investors. The platform allows you to create real-time research reports and get complete insight (fundamental and technical) into a selected company’s performance.
Another great feature of the Stock Rover is its “Brokerage Connect,” which provides read-only data of all your portfolio holdings. With clear data in their portfolio, investors have a clear idea of their brokerage and spread across different investment accounts.
What’s more? Stock Rover also offers access to a comprehensive ticker to track the market movements of shortlisted stocks. Other unique software features include a real-time stock screener and various charting options to amplify your profitability.
|Expert Highlights||● Complete software for investors looking to leverage investment comparisons, real-time research reports, screeners, model portfolios, and charting options, among other options.
● Access to top-rated investment analytics to identify potential stocks that could outperform the market.
● Brokerage Connect option that gives you an overview of all the brokerage or spreads across your investment portfolio.
|Pros||● Proprietary scoring systems
● Hundreds of screening metrics
● Real-time research reports
|Cons||● No crypto or forex data
● Limited to US markets only
Best for: Investors looking to screen several investment tools in one place.
TradeStation Analytics helps you analyze a variety of investment tools using one interface. The platform collects data about stocks, futures, options, ETFs, and cryptocurrency markets to keep investors updated with the latest market movements.
The software offers an intuitive trading platform where investors can access over 180+ technical and fundamental indicators. You can use these assessments for evaluating stock with a price action strategy. Investors with a knack for technical analysis can also rank and monitor up to 1,000 ticker symbols in real-time.
Additionally, investors signing up for the platform are assigned to individual brokerage professionals who guide you through historical intraday data, backtesting results, and extensive charting capabilities.
|Expert Highlights||● TradeStation is a potent trading platform that allows investors to research an array of investment products, including options, bonds, stocks, ETFs, mutual funds, and cryptocurrency.
● Access to trading and investing tools to identify trading opportunities, alongside the option to create your trading tools.
● Access to 180+ technical and fundamental indicators with over 1000+ ticker symbols.
|Pros||● Professional-grade trading capabilities and features.
● Excellent selection of available investments.
● Intuitive trading interfaces and tools.
|Cons||● High fees for low-dollar cryptocurrency trades.
● Complex UI for beginner investors and traders.
Best for: Active traders who leverage market positions for swing trades.
Last on our list of the best stock market research and analysis tools is Trade Ideas, an innovative software that leverages AI to scan the markets 24/7×365. Trade Ideas leverage Holly, an AI-powered assistant that acts like your virtual research analyst to sift through social media, technicals, fundamentals, and performance metrics to pick potent stocks in real-time.
Interestingly, Trade Ideas doesn’t stop with an AI as a practical analyst. The software allows investors to test these trade ideas in its live simulated trading room. This way, investors get to analyze and understand the potential of a picked stock without risking their investments.
Other core features of the software include cutting-edge analytics tools and pre-built stock scans to help you set your chart for market scanning.
|Expert Highlights||● Trade Idea is an innovative market analysis tool that gives you access to real-time information while allowing you to test and learn the performance of the stocks simultaneously.
● Access to pre-built and customizable stock scans that allow you to view over 20 charts simultaneously.
● The software offers a free newsletter alongside AI-powered visualization tools for automated note-taking during a trade.
|Pros||● Free live trading room for insightful trade guidance.
● Accessible over both web and desktop interface.
● AI-powered stock picking for profitable trades.
|Cons||● The platform offers limited chart indicators.|
Selecting the best stock market research and analysis software can be a matter of trial and error. There’s no one software to fit the requirements of all types of traders and investors. Therefore, while at it, ensure you understand the factors required and settle for an analysis software that fits your needs. All the best!
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