AAII's Guide to Top Web Sites

Stock Charting & Technical Analysis

Technical analysis involves studying the market based on volume and pricing trends. Market technicians typically use charts and technical indicators to decide on the future movement of stock and index prices. There are numerous technical analysis websites and programs on the Internet, but superior sites offer a wide range of charts and options. Most allow the user to create price charts of securities and indexes as well as to overlay technical indicators for a number of years. Top sites offer technical screening that can filter a universe of stocks based on technical indicators or chart patterns. Usually, these sites will also offer educational material on technical analysis.

 BigCharts  

   bigcharts.marketwatch.com
FREE
Operated by MarketWatch. Provides free charts, a comprehensive library of technical indicators, market and company news, historical quotes and industry analysis. Offers three charting options: basic charts present a chart when you enter a symbol and select a time frame; advanced charts allow you to specify a custom time period as well as add technical indicators; and interactive charts allow you to plot various predefined time frames and draw your own trendlines. Choose from eight chart types including open/high/low/close, high/low/close, candlesticks and bar charts. Users can plot an unlimited number of securities per chart and historical data can be viewed by specifying a ticker and a date. Custom charts can be delivered to users via email on a daily or weekly basis. Users can create alerts for certain charts or add them to their portfolio. Charts can be emailed or printed as well.




 FreeStockCharts.com  

   www.freestockcharts.com
FREE
Provides free real-time charts of indexes, stocks and ETFs, without exchange fees. However, the real-time data may differ from that seen elsewhere for stocks that are not actively traded. The site offers seven different charting types—including line, bar and candlestick charts—that can be plotted on an intraday, daily, weekly, monthly, quarterly and annual basis. Boasts over 80 indicators and allows the user to draw their own trendlines. Registered users can create chart layouts and save them for future use. Built-in watchlists cover indexes, industries and ETFs. Only one security may be plotted per chart. Charts can be exported to the user's computer or other social networking sites. Professional level of service offered through Worden's TC2000, but price is too high for most individual investors.




 StockCharts.com  

   www.stockcharts.com
FREE-$49.95/mo. (free 10-day trial)
Offers one of the best collections of charts available on the Internet. Features line, bar, equivolume and candlestick charting, as well as three options for point & figure charting. For point & figure charts, the site automatically displays pattern alerts. Non-subscribers can plot up to three of the 40 technical indicators available on one chart, while paid memberships allow for up to 25 overlays and indicators. Stock Scans allows users to apply technical formulas to a stock universe to receive a listing of stocks that meet those criteria and includes over 130 technical data fields. Real-time data and technical alerts are available to paid members. The ChartSchool is one of the most extensive educational sections on the Web. Pro subscribers get data going back to 1970 and have no limitations for charting. The Stock Charts store offers several learning tools, including books and DVDs about trading.