Are you seeking a user-friendly stock screener with an excellent workflow and distinctive features, including exclusive trends, value, growth, and health ratings? Well, look no further. ChartMill offers a polished platform for traders and investors, providing charting, screening, and market analysis tools. In this ChartMill Review, we will dive into your next stock screener.
Table of Contents
ChartMill Review of This Stock Screener
This ChartMill review will help you understand how they work. The ChartMill stock screener gives traders and investors various tools to conduct their technical and fundamental analysis. The screener allows you to filter stocks based on personal criteria like price, volume, market, sector, and ownership.
Additionally, ChartMill has a thorough guide on screening for breakout stocks using technical analysis techniques, which is helpful. Furthermore, the screener has over 180 filters, pre-built screens, charts, and reports.
Is ChartMill legit? From what I’ve seen online in various Chartmill Reviews, users have given them favorable ratings. Users have mentioned the platform’s extensive stock analysis tools, backtesting capabilities, and user-friendly interfaces. Reviewers have highlighted its usefulness for swing traders and its potential as a valuable investment tool.
The feedback and ratings show that ChartMill is a reliable and valuable platform for traders and investors. However, everyone’s experience may differ, so it’s essential to do more research before deciding.
ChartMill: 5 Second Takeaway
- Chartmill review shows they’re a comprehensive stock screener with over 180 fundamental and technical filters.
- It’s features include Screening, Charts, Analyzer, Watchlists, and Alerts
- Traders get unique insights into stock performance through proprietary metrics such as the ChartMill Value Indicator, Weinstein, and Trend Indicator.
- Operates on a web browser; there is no need to install any software.
- Great value for money: 28% discount for an annual subscription and a 2-week free trial
- The pre-built Trading Ideas strategies are beneficial as they save time and offer trade suggestions.
ChartMill Review of Competitors
No surprise, but a ChartMill review shows they have numerous rivals in the stock screening industry. Similarly, they have comparable features. So, if you want to look elsewhere for some alternatives to ChartMill’s stock screeners, feel free to check out the following:
1. TrendSpider
TrendSpider is sophisticated software for automated technical analysis to enhance trading efficiency and effectiveness. It offers a wide range of research, analysis, and trading tools to assist traders and investors in making well-informed, data-driven choices.
TrendSpider offers stock charting tools, alerts, backtesting, and strategy development capabilities. The platform works with outside data sources and provides advanced analytics to help traders make decisions.
Additionally, TrendSpider combines many trading tools into one easy-to-use platform, providing professional-grade trading capabilities with various service plan options. So, if this ChartMill review isn’t for you, check out TrendSpider.
2. TradingView
TradingView’s stock screener has comprehensive filtering. It allows traders to filter based on various parameters such as market capitalization, volume, dividend yield, etc. Additionally, users can create custom filters and criteria based on technical indicators, fundamental data, and other parameters.
What I also like about TradingView is its collaborative community. TradingView is home to a thriving community of traders who exchange ideas, analyses, and strategies. Members can tap into the knowledge of others and gain insights, promoting cooperation and information dissemination.
TradingView provides connectivity with different brokerages, enabling users to perform trades directly from their platform. This connectivity simplifies the trading procedure and conserves time for traders.
3. Finviz
Finviz provides investors various benefits, making it a valuable resource for financial analysis. It offers a robust screener feature that allows users to filter stocks based on different criteria, including technical and fundamental factors such as price, volume, market capitalization, P/E ratios, dividend yields, and insider transactions.
I’d be remiss, not to mention how easy the platform is to use and navigate. Users can create personalized alerts to stay informed about significant market movements or specific stock price changes, allowing them to make prompt decisions.
Additionally, investors can utilize advanced charting tools and visualization features to conduct technical stock analysis, identify potential trade opportunities, and make informed decisions.
Finviz also includes features for analyzing the futures market, enabling traders to explore trading opportunities in this market segment. These combined features make Finviz an outstanding platform for beginners and experienced investors, offering valuable data and analytics tools to support well-informed investment decisions. Let’s continue with our ChartMill review.
The Best Stock Screener
As you can see from this Chartmill Review and its competitors, it’s hard to determine the best stock screener. It’s subjective and depends on your trading strategy, style, and needs.
When selecting the most suitable stock screener for your requirements, consider your investment objectives, preferred screening parameters, ease of use, and cost.
Trying out multiple platforms might be the best way to determine which one best suits your trading approach and offers the necessary tools.
What is ChartMill Setup Rating?
The ChartMill review of their setup rating ranges from 0 to 10 and measures the effectiveness of the setup pattern for a specific stock. This score assesses the potential for identifying favorable entry and exit points on the chart. A higher setup rating indicates a higher quality potential trade setup.
ChartMills Technical Breakout Setups Screener
ChartMill provides a tool that allows traders to screen for stocks with a favorable setup rating using its technical breakout setup screen. The Technical Breakout Setups Screener sifts through stocks that satisfy specific criteria. Here is a ChartMill review if their criteria.
Chartmill Setup Quality: > 7 and
Chartmill TA Rating: Rating >= 7
These criteria ensure the stock is solid from a technical standpoint and is on an upward trend. Additional filters include an Average True Range (ATR) value higher than 1 to avoid low-volatility stocks.
ChartMill Review of Pricing
ChartMill offers several subscription options to suit your needs. Users must sign up and choose one of the pricing plans to unlock the full range of features, including the stock screener, stock analyzer, stock charts, and other services.
Once you register, you get 600 credits for free a month. All features will remain accessible until the credits are used. To utilize Chartmill more extensively, users can purchase additional credits as needed. The credits have no expiration date.
Below is a breakdown of the plan:
- $29.99: Monthly subscription
- $259.97: Annual subscription
- $10: will give you 10k credits
Pros
As part of our Chartmill Review, we’ve included a list of the screener’s pros:
- Comprehensive Screening Tools: ChartMill provides various filtering and screening options, enabling users to customize their searches according to particular technical and fundamental indicators.
- Technical Analysis Features: The platform has advanced tools for analyzing the market. Users can use these tools to identify potential trading opportunities and patterns by looking at charts, indicators, and other technical measures.
- User-Friendly Interface: Many users appreciate ChartMill’s intuitive and user-friendly design, which makes it accessible for both novice and experienced traders.
- Backtesting Capabilities: ChartMill allows you to analyze historical stock data and conduct backtesting, which assists in assessing the performance of your trading strategies.
- Customizable Alerts: The platform provides personalized alerts and notifications, allowing users to remain updated on price fluctuations, technical indicators, or particular developments associated with stocks on their radar.
- Community and Social Features: ChartMill has a community feature that allows users to exchange ideas, analysis, and strategies, promoting a collaborative atmosphere.
- Integration with Brokerages: ChartMill integrates various brokerage platforms, enabling seamless trade execution.
- Educational Resources: ChartMill offers educational resources that certain users highly value. Hence, this can benefit traders who want to improve their skills and knowledge.
ChartMill Review of the Cons
While ChartMill offers a robust stock screener with many beneficial features, it’s important to realize no stock screener is perfect. Below are some of the drawbacks of the ChartMill stock screener:
- Limited customization: Some users find that the stock screener’s customization options are limited compared to other platforms. The available criteria and filters may be insufficient depending on your specific needs.
- Learning curve: ChartMill offers a wide range of features and tools. Understanding and using them will likely take time and effort. Beginners or less experienced traders might find it overwhelming at first.
- Availability of historical data: ChartMill’s free plan has limited access to historical data. To access more historical data, subscribe to their paid plans.
- Slow Customer support: Some users have said the customer support team is slow to respond, especially with technical issues. Understandably, this could be frustrating if you have urgent questions or problems.
- Data quality: ChartMill uses data from multiple sources. Information verification is important, as errors can occur in any stock screener.
Final Thoughts: ChartMill Review
We hope you enjoyed this ChartMill review. Unique insights into stock performance are provided through proprietary metrics such as the ChartMill Value Indicator, Weinstein, and Trend Indicator. Customizable charts with various technical analysis tools are a notable feature as they enable quick identification of trends and patterns.
When assessing any stock screening platform or service, it’s important to consider each individual’s unique preferences, requirements, and outlook. Researching user feedback, trying out demos or trials, and communicating directly with ChartMill to resolve any particular issues can be beneficial before finalizing a decision.
Frequently Asked Questions
The online feedback and ratings show that ChartMill is a reliable and helpful platform for traders and investors.
It's tough to determine the best stock screener. It's subjective and depends on your trading strategy, style, and needs.
ChartMill offers several subscription options to suit your needs. To unlock the full range of features, including the stock screener, stock analyzer, stock charts, and other services, users must sign up and choose one of the pricing plans.
It ranges from 0 to 10 and measures the effectiveness of the setup pattern for a specific stock.
