ChartMill Stock Screener Review
Chartmill is a stock screener provider that hosts numerous tools which allows traders and investors to monitor and analyze the market. As an innovative web platform, Chartmill is designed with filtering capabilities for traders to filter stocks based on different criteria. Some of them include price, volume, industry and sector.
If you want to refine your search, you can do so easily using a technical criterion like proximity to moving averages, average true range, Bollinger bands and even proprietary filters like squeeze plays. That is not all. One can also find securities trading close to long term support or resistance.
Products and Services
ChartMill has a plethora of tools and indicators to help you find your next trade.
Analyzing securities is not easy unless a trader has access to a good stock chart. ChartMill has designed a professional, clean and easy to use chart service that is available to its members. To get started, you have to provide a ticker name for example $AAPL. Select indicators like support/resistance, Bollinger bands, simple moving average, exponential moving average, smoothed moving average and ChartMill channels among others.
The good news about this stock chart service is that you can add as many indicators as you want. From the settings selected, ChartMill will plot the data in form of a chart which can be in either candlestick or bar chart format.
Users have the option of exporting the chart to a CSV file. They can also launch a positioning tool, an annotation tool and change chart settings to suit their trading strategies.
The ChartMill stock screener scans and provides access to different markets for example US and European. Different parameters like historical date, market cap, price, average volume, exchange, index, ETF, industry and sector have been made available. By setting the above parameters, the stock screener will scan the market and provide you with real time market data.
Traders also have the opportunity of taking advantage of other stock screener settings like technical, support/resistance channels, flags/pennants and fundamental. What you need to know is that you can select to have the data displayed in tabular form, with ChartMill ratings or in a technical format.
The tool provides fully automated technical and fundamental reports on any stock. As a web platform, ChartMill updates the reports on a daily basis which means the information provided can be used to create and implement well thought-out trading strategies. Furthermore, the reports help to bring trading ideas grouped in topics like the Technical Breakout Setups of the day or Affordable Growth Stocks.
From the technical report, you can find the ChartMill technical rating, ChartMill setup quality rating and the analysis of support and resistance zones. On the other hand, the fundamental report provides the overall ChartMill fundamental rating and ChartMill fundamental ratings for different categories like profitability, valuation, growth, health and dividend among others.
The find stock section is useful to traders and investors because it lists different symbols and their corresponding company names. A list of several symbols is readily available and users have the option of searching for a symbol. One also has the option of filtering the exchange. Available stock exchanges include NYSE, NASDAQ, American Stock Exchange and Toronto Stock Exchange among others.
To access the full features of Chartmill’s stock screener, stock analyzer, stock charts and other services, users have to create an account and select one of the pricing plans. When you register for an account, you will receive 600 credits for free each month. All features will remain available to the user until the credits run out. To use Chartmill more extensively, users must buy extra credits. The credits never expire.
Available pricing plans include:
- Monthly subscription @ $29.99
- Yearly subscription @ $259.97
- Buy Credits @ $10 for 10k credits
Chartmill is a great stock screener that also provides stock chart and stock analysis tools. To take advantage of its features, you must register for an account. The best thing about Chartmill apart from its tools is that you can save money with the web platform. To do so, save your preferred chart settings, save your favorite screens, use table view and subscribe for unlimited usage.