If you are an online business owner, an investor or a financial director of a publicly traded company, you are probably always interested in optimizing your process. If you’re like most, you’re aiming at finding a better and more thorough way to perform analysis on the stocks that you own and the ones you’re considering adding to the portfolio.
One of the best tools available to any finance professional is the stock chart. Or, more precisely, lots of stock charts. As you might happen to know, stock charts come in various types and ‘flavors,’ and each of them aims to accommodate the differing needs of the user. Sometimes you need a simple stock chart to explain the stock trends without any unnecessary details.
At other times, you might want to compare several different target stocks, as well as try and discover any connections between them. Sometimes, you might want every little detail that can be possibly obtained through a stock chart. Perhaps you are in the mood for mentally crunching numbers about the rises and falls of your target stocks. Regardless, you need stock charts that are a good fit for your needs and preferences at that particular moment.
Stock charts on the Web for online businesses
Taking all of this into consideration, you might like a list of quality stock chart sources that come free of charge. Some of them are completely free, while others merely offer versions with limited functionality.
Aptly named, StockCharts.com is probably one of the best resources you can use on the web to get access to free, quality stock charts for your online business. Even though it looks like an archaic and simplistic website, you can find almost limitless types of stock charts to meet your needs. You can choose between:
- ShartCharts – a conglomerate of all standard modern stock chart types including Candlestick, Line, Kagi, Renko, OHLC and Ichimoku;
- CandleGlance Groups – where you can choose from up to 10 mini-charts side-by-side to perform extensive simultaneous multi-stock analyses;
- Gallery Charts – short, mid and long-term analysis of a ticker symbol in several types; old-school Point & Figure Charts (based on Xs and 0s);
- PerfCharts – dynamically compare the performance of up to 10 varying ticker symbols;
- MarketCarpets – suited for visual analysis of large groups of stocks;
- Seasonality Charts – providing seasonality trends for stocks;
- RRG (Relative Rotation Graph) Charts – aimed at showing the momentum and relative strength of a group of ticker symbols.
You can even create your own online business stock charts by choosing the type and symbol for representation. The site also offers an educational blog and a ‘ChartSchool’, where you ‘can learn all about the analysis of stock charts.’
As you can see, StockCharts.com provides you with more stock chart types and modes of representation than you could ever use, and most of them come for free; Which is probably why this particular site is regarded as the best of the bunch. If you are not discouraged by its yesteryear looks, you should give it a go.
TradingView is a wonderful, modern-looking website, bringing you stock charts that are easy on the eyes. This site provides various types of stock charts and a multitude of tools aimed at helping you analyze and discover the trends in stocks. It includes the standard stock chart designs, such as the line, bars, area and Renko charts.
What is different about TradingView is that it is also a community-driven website. This means that you can view and discuss analyses made by other users on stocks that interest you, and you can share your own discoveries with the community.
The community comments can sometimes be a distraction, however. The good thing here is that you can turn them off and on whenever you want. You can even save a free analysis by creating a free account on the website.
TradingView provides a premium option that offers additional features, such as subscription to real time official data, multiple chart layouts, setting custom intervals, a dedicated backup feed, hot lists, unlimited saved charts, no ads, intraday charts, extended trading hours, service support and much more.
The free version comes with more than enough features for following your favourite stock data and the interface makes it seem easy and fun. You are also greeted by a short tutorial wizard showing you how to use the charts and available tools. Give it a try at TradingView.com.
Financial Visualizations offers an extensive resource for following stock charts, which is apparent from the moment you visit the website. The sheer amount of data might be a bit overwhelming at first, but if you want to sift through mountains of data to find the exact trend you need, you might as well appreciate FinViz.com.
The site presents you with a vast variety of stocks, features, bonds and even financial news that will give you a better perspective on your targets. But the real treasure can be found behind the stock you choose to open. When you do this, a whole other world of information about the company holding the stock, the history of trade and of course, the stock chart, awaits you.
You can even get information on group trends, maps and divisions, comprehensive insider trading information and many other details that help you follow the market. All of this is largely free.
As with the other resources we included, you can decide to purchase a FinViz Elite membership where you get access to various additional data and tools for a more comprehensive analysis.
Yahoo!’s Finance section provides a quick overview tool for scanning of stock trends and (their) related news. But, don’t let the ‘quick’ factor fool you into thinking that this stock chart provider is just for rookies. Yahoo!’s website provides extensive information on stock trends, historical prices, news headlines, financial blogs, analyst opinions and coverage, ownership and trade, and other essential information regarding stocks.
The site also provides an interactive chart tool similar to TradingView, and it provides you with the means for adjusting the stock chart of interest according to your needs. And, you can also watch your own portfolio through the site, which is a nice addition that is considered essential for dedicated financial sites.
However, Yahoo! Finance provides a limited choice on the type of stock charts that you can use. It sticks to the line, area, bar and candle chart types. However, the combination of stock charts for your targets with the related news from the global and local financial markets, make this resource valuable enough to be included in the list. And of course, it’s free of charge!
Yahoo! Finance includes a premium service that provides additional information and tools at a certain fee.
It seems that Google is intent on overtaking your life online. Starting as a simple search engine, it has spawned into a fully fledged online service provider that includes search, online document creation & sharing services, an online store, mobile operating systems and yes, even financial data.
Although still in beta, Google Finance provides you with nicely aggregated and distilled stock data information including stock charts. Similar to Yahoo! Finance, it also provides news related to the target online business stocks that you are following. The design has obviously been thought out with efficiency in mind, because it manages to show the essential information while avoiding the eye strain that some people may experience on other dedicated websites.
One wonderful addition to Google’s own stock chart tool is the possibility to compare the data of two or more stocks. It also provides real time updates on the stock status, and since the entire site is coded in HTML5, it works seamlessly without taxing your computer’s resources.
Unfortunately, there is no choice regarding the type of stock charts being displayed – the engineers from Google apparently think they know what is best for the user. While the standard line stock chart is enough for some people, many swear by alternative chart types, not found on Google. Still, the combination of an as-minimal-as-possible interface and real time updates makes Google Finance a great resource for free stock charts.
While this information might seem overwhelming, this is a digest of the essential pros and cons of the best free online stock chart services. It will allow you to make an informed choice about which ones to use.
And, of course, nothing substitutes personal trial & error. This is why it’s best if you head over to the provided websites and try them out yourself, seeing which one suits you best. Should you want to learn how to read stock charts, you can head to Investopedia’s article on the subject or see Investingteacher.com’s interactive course.