6 Best Stock Analysis Software & Apps for Better Returns (2022)

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We all know we could simply buy an ETF or mutual fund and get the market-average return of about 8% per year.

But investing in stocks like Amazon, Netflix, and Disney before they’re popular can lead to some absolutely massive returns.

I’m talking 10,000%+.

Or, in the case of Monster Energy, even more:

If you had bought $1,000 of $MNST in 2004, it would be worth $684,538 today.

Sure, this may be an outlier, but the point remains: Get 1 or 2 of these right throughout your investing career and it can be enough to radically improve your lifestyle.

So, the question is, how do you increase your chances of finding the next stock that will wildly outperform the market?

While no one can guarantee that you’ll find the next Tesla, the top stock analysis software on our list does track the performance of stock analysts, so you can follow the new stock picks of the analysts who were recommending Tesla years ago.

Whichever of the best stock analysis software and apps you choose, it should help you generate higher returns by optimizing fundamental analysts’ stock-selecting process or allowing technical analysts to trade smarter.

The 2 Types of Stock Analysis Software & Apps

Do you label yourself as primarily being a fundamental investor or technical investor? 

Sure, you might use both types to inform your investing decisions, but almost every investor will lean more one way than the other.

As such, stock analysis programs fall into 2 main categories: 

    1. Fundamental analysis – For long-term, buy-and-hold investors
    2. Technical analysis – For day traders, buying and selling based on price action and trends

I’ve organized this list of the 6 Best Stock Analysis Software & Apps into those 2 categories, plus a detailed explanation of each sites’ best features and limitations, what type of investor it’s right for, and pricing.

If you’re a 50/50 split fundamental/technical investor or frequently use both types of stock programs, you may decide to choose one from each group.

Here’s the outline:

    The Best Fundamental Analysis Software & Apps in

        1. WallStreetZen

        2. Seeking Alpha

        3. Morningstar

    The Best Technical Analysis Software & Apps in

        4. TradingView

        5. thinkorswim

        6. TrendSpider

The Best Stock Analysis Software & Apps For Fundamentals

1. WallStreetZen

So what is the best stock analysis software for fundamental investors?

WallStreetZen is (in our biased opinion) the best stock analysis software for fundamental investors in .

WallStreetZen was built for the serious, part-time investor.

This stock analysis software aggregates the latest financial data and performs deep fundamental analysis automatically, so you can know the fundamental strengths and weaknesses of any stock in minutes. It also provides simple, one-line explanations so you know the exact methods going into its calculations.

As mentioned above, WallStreetZen tracks the performance of stock analysts from institutions all over the world who have consistently proven their ability to pick huge winners (more on this below).

If you’re looking to perform fundamental analysis, generate new stock ideas, screen companies based on the criteria you find most important, or get stock picks from top analysts, WallStreetZen is the best stock program for you.

Zen Score

Zen Score is a summary of a company’s fundamental strengths and weaknesses, generated in seconds. The Score and its 5 dimensions serve the high-level overview of fundamental analysis from which you can launch into further investigation.

SNAP’s score of 32 seems low, let’s have a closer look at that by hitting Score Breakdown:

Its Financials, Forecast, and Performance dimensions all look alright, but let’s see why its Valuation score is so low:

There it is – SNAP is unprofitable, so it’s failing its intrinsic value calculation and relative valuation checks. Plus, its P/B ratio is much higher than the industry average.

Personally, I prefer not to invest in unprofitable companies, but I like Snapchat’s business model so let’s see if analysts are projecting it to start breaking even anytime soon on the Forecast page:

Sure enough, it’s expected to start breaking even in 2023 or 2024, and look at that forecasted revenue growth!

There’s a lot to like about this stock and I may buy a few shares, but I’m going to wait to really load up until its Valuation score improves and it reaches profitability (which should be in the next couple of years).

Top Analysts

Top Analysts is a list of nearly 4,000 analysts from around the world. Beyond just sourcing their research reports, WallStreetZen ranks each analyst based on their returns, consistency, and win rate over multiple years, so you know exactly which analysts to take advice from.

Philippe Houchois (a Top 4% Analyst) started recommending TSLA in December 2018 at a split-adjusted price of about $73 per share. From there, it ran to a high of more than $1,200 in less than 12 months, a gain of more than 1,544%:

Houchois sees a lot more upside with Tesla – the analyst has a price target of $1,050.

Plus, “Find out why” gives you access to the exact reasons why an analyst made their buy/sell/hold recommendation:

Michael Baker, a Top 2% Analyst, has had some huge winners in the retail sector:

Looks like he just maintained a Strong Buy rating on Best Buy (BBY), suggesting 37%+ upside:

And he’s not the only analyst who likes this stock:

You may want to add that one to your Watchlist for further review.

Stock Screener

FINVIZ works pretty well, but with all those quantitative measures, it can make it hard to turn my personal preferences into investment ideas.

WallStreetZen fixes this problem by having both quantitative and qualitative criteria in its Stock Screener, plus you can save your setups:

A library of pre-built Stock Ideas can help you get started if you don’t want to come up with your own set of criteria. 

Bullish Insider Buys can show you exactly which insiders think their company’s stock is about to go up:

Talk about getting the inside scoop.

And More…

I mentioned Watchlists and “Why Price Moved”, but don’t forget about news feeds, visual comparisons across time, consensus ratings, and so much more:

Plus, unlike the other sites you’ll find on this list of stock software, WallStreetZen offers the vast majority of its features for free, up to a certain number of uses per month, plus a 14-day trial of Premium.

Who It’s For

If you’re a fundamental investor, WallStreetZen is the best software for stock analysis because it has the tools to handle your entire investing process:

    1. Fundamental analysis ✅
    2. Technical analysis ❌
    3. Investment research ✅
    4. Stock pickers/analysts ✅
    5. Stock screener ✅
    6. News and quote data ✅

The Top Analysts, Stock Screener, Zen Score, and the other complementary features make this the best stock analysis software in 2022 for fundamental investors.

WallStreetZen wasn’t made for day traders, but it’s never a bad idea for a trader to check the underlying fundamentals of the stocks they’re trading or know how analysts are rating them.

Pricing

WallStreetZen has two plans: Basic and Premium:

Unlike the other software & apps on this list, the Basic plan comes with almost every feature, but power users will want to upgrade to Premium to unlock unlimited access, which is just $12.50/month (billed annually). 

To further solidify its spot as the best stock software, after your trial period ends, Premium also comes with a 30-day, money-back guarantee.

2. Seeking Alpha

While WallStreetZen is largely built around you performing your own fundamental analysis on which you make your own decisions (including research performed by top analysts), Seeking Alpha has a different approach, putting its analysts front and center:

These articles and blogs (which are typically buy/sell/hold recommendations) are crowdsourced by investors with varying backgrounds, some amateurs and some professionals. Technically, anyone can apply to be a writer on SA, though only the best get traction on the site and there’s a strict editing/approval process.

Users are encouraged to follow their favorite authors and get notifications on all their new alerts. Then, users will typically buy and sell those authors recommendations, based on their research and reports.

Instead of making your own investing decisions, Seeking Alpha’s authors pitch you ideas to evaluate and either buy, sell, or hold.

While it does offer data for fundamental analysis, like income statements, balance sheets, and statements of cash flow, this information serves as a backdrop to its analysts’ research, and – like its screener – is reserved for Premium users only.

Read more: Finviz Stock Screener Elite Review: Is it Worth $299.50 a Year?

However, unlike other stock recommendation apps, these analysts are incentivized to present a clear and solid case for each of their buy/sell decisions, adding a layer of transparency into their own portfolios that you won’t find anywhere else. Plus, if they don’t publish quality work and their ideas don’t come to fruition, they will inevitably lose their following.

For this reason, I would rank it as the best stock prediction software in 2022.

While it isn’t made for technical investors, many analysts include basic charts in their recommendations with trendlines and entry/exit points.

Who It’s For

If you’re looking for some new stock ideas from a wide variety of amateur and professional analysts, Seeking Alpha Premium could be a great option for you:

    1. Fundamental analysis ❌
    2. Technical analysis ❌
    3. Investment research ✅
    4. Stock pickers/analysts ✅
    5. Stock screener ✅
    6. News and quote data ✅

Seeking Alpha is for investors who want to read and replicate others’ portfolios and ideas, not for those looking to perform their own fundamental analysis to make their decisions.

Pricing

Seeking Alpha has 3 membership tiers, Basic, Premium (the best value, in my opinion), and Pro:

Premium comes out to $19.99/month (when billed annually) after a free trial.

3. Morningstar

Morningstar is one of the best stock analysis softwares because of its focus on hard data for the long-term value investor and is used by both retail and institutional investors alike.

I’m guessing you’ve seen “Morningstar ratings” on a non-Morningstar website, which should be an indication of the respect Morningstar has earned from its peers.

Beyond fairly detailed financial data, there’s plenty of content, analyst reports, daily updates, news feeds, and newsletters:

While Morningstar does allow you to research stocks’ fundamentals, its primary focus is mutual funds and ETFs. 

The company provides an abundance of well-researched, independently sourced data, which gives its users confidence knowing how much due diligence has gone into each data point on its site.

Morningstar Premium has tools for tax planning, asset allocation, personal finance, retirement, and education investing.

It’s an excellent option for fundamental investors and should find its way onto every best stock software list.

Who It’s For

Morningstar Premium is a fantastic tool for long-term, fundamental investors (especially those oriented towards mutual funds and ETFs) who want to stay on top of the latest market news:

    1. Fundamental analysis ✅
    2. Technical analysis ❌
    3. Investment research ✅
    4. Stock pickers/analysts ✅
    5. Stock screener ✅
    6. News and quote data ✅

However, given the sheer volume of information, the site can be a bit overwhelming, especially for investors spending less than 40 hours/week researching stocks.

Pricing

Like its peers, Morningstar comes in two forms: Basic and Premium:

After a 7-day free trial, Premium costs $199/year.

The Best Stock Analysis Software & Apps For Technical Traders

Most technical analysis software basically have the same set of features.

Assuming you don’t need a specific tool’s proprietary feature, your decision will likely come to personal preference on functionality (ease of use), layout (user interface), and cost.

4. TradingView

TradingView is used daily by traders from all over the world:

And for good reason.

I’m willing to bet, if you’ve used any sort of charting tool before, you can get on TradingView for the first time and feel comfortable in the entire stock program within 5 minutes.

It’s the best stock analysis software for beginners who are just figuring out how to chart, and it’s also useful for seasoned veterans who want to build their own set of overlay functions.

The interface is intuitive and elegant, but it’s not all show – you’ll love the power of its Watchlists, stock screener, drawing tools, chart replay capabilities, and market overview.

You can also easily save and share charts.

TradingView is the best free trading analysis software.

And it’s completely web-based. Simply login from any browser and start trading.

If you do decide to trade off it full time, you will want to pay for the premium membership – it’s worth it.

I’d recommend starting with the 30-day free trial for Pro+:

Who It’s For

Whether you’re just getting started in day trading or you’re a long-time charter, I would highly suggest giving TradingView a chance:

    1. Fundamental analysis ❌
    2. Technical analysis ✅
    3. Investment research ❌
    4. Stock pickers/analysts ❌
    5. Stock screener ✅
    6. News and quote data ✅

It may be a bit too glitzy for the hard-core, no-nonsense trader.

Pricing

You can upgrade via Monthly or Annual plans to Pro, Pro+, or Premium:

Each level includes a 30-day free trial.

At just $29.95/month, Pro+ is the best value for real traders.

5. thinkorswim

TD Ameritrade’s thinkorswim has stood the test of time and has remained a premier player in the world of technical analysis since its release in 1999:

When most investors hear technical analysis, they picture the thinkorswim interface.

You’ll find it all: plenty of drawing tools, technical indicators and studies, data visualizations, third-party fundamental data, options statistics, and real-time market news.

For the coding-oriented trader, thinkorswim also allows traders to create their own analysis tools by using a built-in programming language called thinkScript.

For aspiring day traders, thinkorswim also has a “paperMoney” feature that allows you to practice your trading on real charts with a fake account.

Although it’s long been just a desktop stock program, there is also a web-based version and you can take it mobile as its the best stock analysis app.

Plus, it perfectly integrates with TD Ameritrade brokerage accounts, allowing you to buy and sell from inside the program.

Anybody can download thinkorswim or use the web-based or mobile app versions at no cost.

Who It’s For

Thinkorswim is the best choice for investors with TD Ameritrade accounts, new traders who want to sharpen their skills (with paperMoney), those interested in real-time options data, price-conscious traders, and those who just prefer its functionality.

    1. Fundamental analysis ❌
    2. Stock screener ❌
    3. Stock pickers/analysts ✅
    4. Investment research ✅
    5. News and quote data ✅
    6. Technical analysis ❌

There’s a lot to like about thinkorswim, but the program can occasionally feel sluggish – not a great attribute in a day trading software.

Pricing

It’s completely free. Download the desktop version here or find the web-based version here.

6. TrendSpider

Like TradingView and thinkorswim, TrendSpider has extensive charting capabilities, indicators, and different chart types for in-depth technical analysis:

This stock program can automatically plot trendlines, identify support and resistance levels, and allows you to set dynamic price alerts – a suite of features perfectly suited for the non-full-time day trader or swing trader.

Its features also include an integrated stock screener, backtesting, dynamic alerts, unusual options flow, insights, and some fundamental data.

TrendSpider works on any browser, and subscribers can also use the iOS and Android apps.

Who It’s For

Active day traders gravitate towards 1 of the first 2 options, while swing traders more frequently tend towards TrendSpider:

  1. Fundamental analysis ✅
  2. Technical analysis ✅
  3. Investment research ❌
  4. Stock pickers/analysts ❌
  5. Stock screener ✅
  6. News and quote data ✅

If you find the layout compelling, there’s no reason not to make TrendSpider your day trading tool of choice.

Pricing

There are definitely more affordable options for technical analysis software. After a 7-day free trial, users can choose between Premium, Elite, and Advanced:

Elite is the best value, at $87/month or $65/month when billed annually.

Summary: The Best Stock Analysis Software & Apps for Better Returns ()

To recap, the best stock analysis software for you depends on if you’re a fundamental investor or a technical trader.

For fundamental investors, WallStreetZen is the place for you.

It has it all: Recommendations from top analysts, a customizable screener, top-tier fundamental analysis and investment data, and news feeds to keep you abreast of any new developments.

And don’t forget, even if you’re a pure day trader, you may also want to supplement with a software focused on fundamentals, either to trade on high-quality stocks or to add to your long-term portfolio.

For technical traders, we like TradingView.

Its user-friendly design and functionality coupled with its speed, accuracy, and affordability make it a compelling option for traders with wide ranges of experiences.

Read more: 4 Best Stock News Apps & Sites (Stock Market & Financial News in 2022)

About the author

Lincoln Olson

Head of Research

Lincoln is an investor, marketer, and YouTuber (depending on your definition). He has worked for financial advisors and institutional investors at a publicly-traded fintech company. Lincoln holds degrees in Finance, Economics, and Accounting.