ChartMill is a stock research platform that gives investors the tools to analyze and screen stocks. This online service has many features to help you make informed decisions, a powerful stock screener, detailed charts and stock reports.
Whether you’re a new investor or an experienced trader ChartMill will simplify your stock research. With its user friendly interface and custom filters you can find potential investments across all markets and exchanges. The platform also has prebuilt screens and proprietary indicators to help you in your analysis so you can spot trends and evaluate stock performance.
What is ChartMill?
ChartMill is a web based stock market analysis platform. It combines stock screening, charting tools and financial data to give you a powerful tool to make informed investment decisions. You can use technical and fundamental analysis features, prebuilt screens from ChartMill and the community. These screens cover popular strategies and even strategies from well known investors so you can get a head start in your research.
ChartMill Features
Stock Screener
ChartMill’s stock screener is a powerful research tool. You can apply over 180 technical, fundamental and descriptive filters to over 22,000 stocks in North America and Europe.
You can narrow down your universe by stock exchanges, indices, sectors, industries and security types. This gives you the flexibility to target the areas of the market you are interested in.
The screening criteria are categorised making it easy to find what you need. You can filter stocks by:
- Dividends
- Valuation
- Growth
- Profitability
- Financial health
- Analyst ratings
One of the screener’s strengths is the ability to filter stocks by industry and sector percentile ranks. This allows you to compare companies to their peers, taking into account the differences in industry economics.
Here’s an example of a custom screen for S&P 500 stocks:
- Next quarter EPS revisions (last 3 months) ≥ 10%
- P/FCF sector rank > 65th percentile
This screen finds stocks with positive earnings momentum, attractive valuations and strong balance sheets.
The technical screening options are just as powerful:
- Performance metrics
- Technical indicators
- Support and resistance levels
- Chart patterns
You can also build your own custom expressions for more complex scans using the rule builder.
Charting
ChartMill has stock charts with technical analysis features. You can see candlestick, bar or line charts across multiple timeframes, from 1 minute intraday bars to monthly bars. Note that data is delayed by 15 minutes, not suitable for day traders.
The platform has about 80 technical indicators and chart overlays:
- MACD
- Bollinger Bands
- Ichimoku Kinko Hyo
- Automated support and resistance lines
- Money Flow Index
You have basic trendlines, circles and Fibonacci retracements. The charts show resistance (red) and support (green) levels, very useful for identifying pivot points.
While the charting tools are good, the user experience could be better. Manual zooming is not available and removing indicators or annotations requires going through drop-down menus.
Trading Ideas
The Trading Ideas feature is a great resource, a library of pre-built screens created by ChartMill’s team and users. Over 200 screens to choose from. You’ll find strategies for:
- Technical analysis
- Long-term value investing
- Growth and momentum investing
A search engine to find strategies that fit your preferences:
- Long or short
- Fundamental or technical
- Long-term, position trading, day trading or swing trading
This will give you new ideas and help you find trading strategies.
Stock Analyzer
ChartMill’s Stock Analyzer provides detailed reports on individual stocks. These reports combine fundamental and technical analysis to give you a full picture of a company’s performance and potential.
The Stock Analyzer reports have:
- Fundamental metrics
- Technical indicators
- Proprietary ratings
- Peer comparisons
- Historical data
The analyzer will save you time on manual research.
More
ChartMill has more:
- Watchlists: Create and monitor your own custom stock lists.
- Alerts: Set up price movements, technical indicator signals or fundamental changes.
- Backtesting: Test your strategies with historical data to see how they would have performed.
- ChartMill Value Indicator: A proprietary metric that combines various valuation ratios to give you an idea of a stock’s value.
- ChartMill Trend Indicator: This will show you the strength and direction of a stock’s trend.
- Multiple charts: View and compare several charts at once for better analysis.
- Customizable dashboards: Put your favorite tools and data at your fingertips.
- Educational resources: Tutorials and guides to help you get the most out of ChartMill.
These extra features are on top of the screening and charting tools.
ChartMill: Stock Research Tool
ChartMill is a user friendly stock research platform for fundamental and technical traders. You have an extensive stock screener with pre-built strategies to analyze quickly and efficiently. The Stock Analyzer reports will give you the technical and fundamental information to dig deeper.
ChartMill is good in many ways but the charting could be better. The drawing tools are limited and the settings are old compared to other features.
Features:
- User friendly interface
- Powerful stock screener
- Pre-built screens
- Stock Analyzer reports
Overall a great resource for traders looking for stock analysis tools.
ChartMill Costs
For frequent users subscription plans offer more value. These give you unlimited access to all features ad free.
Two options:
- Monthly subscription ($34.97)
- Annual subscription ($299.97)
ChartMill Review Highlights
ChartMill is a web based stock analysis platform. You can access screening tools, charts and advanced analytics through flexible subscription options. The service is for technical and fundamental traders in the US, Canada and Europe.
For Traders and Investors
ChartMill has a powerful stock screener with over 180 filters for fundamental and technical analysis. You can access over 200 prebuilt screens for different investment strategies. The platform generates stock reports to help you in your decision making. Daily trading ideas through popular day trading scans. This is great value so useful for swing traders, day traders and long term investors.
Cons
ChartMill’s charts can be a bit tricky to navigate. The interface is not as user friendly as other platforms. The 15 minute data delay can be an issue for day traders, but not for investors. Unlike TrendSpider ChartMill doesn’t have some of the advanced charting tools. Payment options are limited, no PayPal support.
Rating: ★★★★
