ChartMill Review
Are you a stock market enthusiast looking for a powerful tool to help you make smarter, more informed decisions? Chartmill is the perfect choice for you! This comprehensive chart analysis tool provides an array of features designed to simplify the process of analyzing stocks, ETFs, and other securities.
In this ChartMill review, we’ll explore ChartMill’s features and capabilities, its ease of use, pricing plans, and any drawbacks that might be important for you to know before investing. We’re excited to share our findings with you so you can decide if ChartMill is the right choice for you.
Features and Functionality
A great feature of Chartmill is its comprehensive set of chart patterns. This includes more traditional technical analysis patterns such as head and shoulders, double bottoms, flags, and cup and handle patterns, as well as more obscure chart formations like rectangles, wedges, and diamonds.
These patterns can be used both to identify potential trading opportunities and to determine potential levels of support and resistance. In addition to these powerful chart pattern detection tools, Chartmill also offers the ability to create and save custom indicators. This allows users to easily view custom technical analysis or sentimental indicators on their charts without manual calculation or redundant data entry.
Stock Screener
ChartMill’s Stock Screen capabilities make it easy to identify stocks that match the criteria you want. Its intuitive navigation offers an effective and organized way to access the data you need. With the ability to apply up to 50 filters, you can narrow down the list of stocks that meet your criteria quickly and easily.
The Stock Screen also offers a comprehensive view of a company’s financial statement, including financial ratios such as price/earnings (PE) ratios, debt-equity ratios, free cash flow, and more. This allows for more informed decisions about which stocks to buy or sell.
The Stock Screen also provides you with technical indicators and charting tools that help you analyze the markets. By viewing technical indicators such as moving average convergence divergence (MACD) and relative strength index (RSI), you can gain an insight into a stock’s current performance and future potential. ChartMill also offers a wide range of charting options and drawing tools so you can interpret the data visually.
Additional Features
In addition to its Stock Screen capabilities, ChartMill also offers a variety of other features.
The Portfolio Manager allows you to keep track of your investments, monitor your performance and adjust your strategy accordingly. It also provides you with a range of helpful insights so you can make better decisions about when to buy and sell.
The Financials page shows you an overview of a company’s financial information including EPS, revenue, cash flow and more. This helps you make informed decisions based on up-to-date data.
The Research page offers detailed insights into individual stocks and the markets as a whole. This comprehensive research helps you gain an insight into the performance of different stocks and make better investments.
Finally, the Alerts feature notifies you when a stock’s performance meets certain criteria or crosses certain thresholds so you can act quickly on potential trading opportunities.
Who is ChartMill Best for?
ChartMill is ideal for investors who are looking for comprehensive data and charting tools to help them make informed decisions. It is especially useful for investors who want to quickly and easily analyze markets, identify stocks that meet their criteria, and stay up-to-date with the latest market trends.
ChartMill would be an ideal platform for day traders, swing traders, and long-term investors alike. With its comprehensive charts, financials, analytics tools, and portfolio management capabilities, ChartMill provides a range of features that can be used by any type of investor to gain an edge on the markets and make more successful investments.
What does ChartMill Cost?
Both free and paid users of ChartMill can access a variety of features, including:
- Comprehensive financial data and analysis tools
- Intuitive navigation
- Ability to apply up to 50 filters
- Technical indicators and charting tools
- Portfolio manager
- Alerts system
- Research page
- Financials page
Free users are allotted 6,000 credits per month which they can use to perform tasks on the site. For those who need to perform more tasks than their credit limit allows, an additional 10,000 credits can be purchased for $10. For an even more comprehensive experience, paid memberships are available for $29.97 per month. Or $259.97 for an entire year’s worth of access. This provides unlimited usage of all the features on ChartMill.
Final Thoughts
ChartMill is an incredibly powerful tool for stock market enthusiasts and investors. With its comprehensive chart analysis capabilities, intuitive navigation, customizable indicators, and alerts system, it offers a great deal of potential. Especially, for those looking to make smarter, more informed decisions.
Whether you’re a day trader, swing trader, or long-term investor, ChartMill’s free or paid plans offer plenty of features to help you make successful investments. Plus, they’re all backed by its comprehensive financial data and analysis tools. If you’re in the market for a chart analysis program, ChartMill may be a great choice. Click here to check out ChartMill today.
Also be sure to check out the following: Trade Ideas, TrendSpider, and Motivewave.
