Introduction
My website offers you a lot of information that you won’t find anywhere else in this form. But if you are looking for current stock market prices with detailed charts etc., then there are plenty of sites on the Internet for this, I don’t have to do that too. In the web tips section, we want to introduce you to interesting, high-quality and mostly free websites that will certainly be useful to you.
New articles will be added to the section regularly. Please note that although many of the offers presented are free of charge, there are also paid versions of many of them, which of course have considerably more functions. We will limit ourselves to the free versions, but you are of course free to subscribe to the premium versions and benefit from a wide range of additional options.
Key facts
- Premium plans quite expensive ($99/month!)
- No app available
- Site looks technically a bit outdated, old-fashioned
- Screeners and information about options are absolute highlights and very comprehensive
- Particularly recommended for advanced investors who also actively trade options
Details
MarketChameleon is another service that falls into the stock screener category. As always, if you are interested and want to browse the website, you should register for free, which is also possible directly via a Google or Facebook account. However, MarketChameleon also offers a lot of information if you want to trade options and is certainly ahead of other stock screeners here.
When you first enter the site, however, you immediately notice that it doesn’t have the most modern web design – it could do with a general overhaul. The homepage is relatively lean with a few stocks, option tips and a few news lines and watchlists. The news scanner is an interesting feature, but unfortunately can only be used in paid versions.
If you click on “Screeners” at the top of the menu, you will be taken to a really very good stock screener with plenty of filter options. I have included a very simple overview here for your understanding.
On the tabs you can see the different categories for filtering (Price, Volume, Technical, Valuation & Profit etc.). But what I particularly like are the blue buttons below the filter settings. Here you can quickly switch between many views, e.g. leverage ratios (e.g. debt load), valuation ratios (book value, price/earnings, price/sales and many more) but also dividends, growth and technical price information. Practically all these details are also visible in free mode. However, you then need a subscription to download them. For me, the screener is a highlight of the web service.
What I really like though is the “News Scanner”, where you can look for keywords etc. and scan a plethora of company news quite easily (Premium feature). The display of news itself is for free, but if you want to scan for keywords, you need a premium plan.
On the far left of the menu you will find “Stocks”. In this menu there are various views such as market movers (strong price changes), premarket and after hours information (i.e. anomalies before/after the close of trading), stocks with very high trading volumes, stocks with a new high, etc. You can get to many submenus, but again, some are accessible only as a premium user where you also get access to somewhat exotic lists (like Fast Cash Burn Report), but these do not provide the average investor with much added value. The Event Driven Screen may make sense. Here share prices are analyzed on the basis of special events such as quarterly figures. You can also obtain a version of this from us via the Earnings Report Summaries.
Next to the “Stocks” there is the main menu “Options”. We won’t go into too much detail here, but if you really intend to trade options, then MarketChameleon offers really useful analysis on the various options strategies. Options are a world of their own, complex and not for everyone. But if you want to try your hand at it, this web service is sure to bring you some valuable insights and trading strategies (hopefully profitable).
For example, you can search for high implied volatility (IV) or other anomalies in options. In addition, you can test various option strategies and filter and sort them according to various criteria, similar to the stock screener.
I like the “Dividends” (under “Stocks”) and “Earnings” menus which provide quite some information detail (some for free). The lists can be filtered, sorted and searched again. Unfortunately, the same applies here: downloading is only possible with a subscription, which does dampen the joy. In all lists, you can of course add the share directly to your own watchlist using the + symbol, and by clicking on a ticker symbol on the far left of each list (identical to entering a ticker symbol in the top right of the search field) you can access the overview of a share (see below).
Incidentally, there are also certain additional services for subscribers to Dividends and Earnings, such as an earnings analysis, dividend comparisons, dividend announcements or a preview of future dividend or quarterly figures. Nothing earth-shattering in my eyes, because you can get this information for free elsewhere.
On the left-hand side of the screen you can see the menu for the selected share. Here, too, you will notice that there is a lot of information on options, such as the option chain, option strategies and the like. In the menu you will also find “News”, historical data (only up to 1 year even for subscribers), basic balance/income sheets, direct links to SEC filings such as insider purchases, company press releases, quarterly figures (for a fee) or similar companies in the same sector.
Premium version
Of course, it is important that all lists and information can be downloaded in Premium (for a complete list of feature, see here). However, it is disappointing that even in the premium version, the stock prices displayed are delayed by 15 minutes. For such a hefty subscription price, that’s a real pain in the neck and incomprehensible to me.
Conclusion
The service offers good screeners and excellent details for traders interested in options trading. The website doesn’t look very modern and is in need of a major overhaul. Yes, certain details are special and interesting. The subscription price tag of US$ 99 per month is very expensive and only justified if you really need all information, especially if you trade options regularly.
The real roadblocks are the delayed prices and the simple charts, which are really not worthy of a premium site. I therefore give it a limited recommendation, most likely for options freaks as already mentioned several times.
