Best Stock Predictions Software for 2024

Stock predictions software gives you insights into which companies to buy or sell. They’re ideal for investors with limited analytical experience or time to actively research the markets. However, not all prediction software yields suitable results, so you’ll need to do your homework.

In this guide, we compare the 10 best stock predictions software for 2024. We consider a wide range of metrics, including prediction accuracy, past performance, insights, trading tools, subscription fees, and supported stock markets.

Best Stock Predictions Software Reviewed

To make an informed decision on the best stock predictions software for your investing goals, read on. We review the 8 providers listed above – covering performance, accuracy, pricing, and other important factors.

1. AltIndex – Overall Best Stock Predictions Software in 2024 [75% Accuracy Rate Since Inception]

AltIndex offers the best stock predictions software for retail investors. This user-friendly platform specializes in alternative data metrics. This means it generates stock recommendations based on unconventional information – such as social media sentiment analysis, website analytics, job postings, app downloads, employee sentiment, and financial news mentions.

Crucially, AltIndex utilizes machine learning to analyze its findings, considering the sheer amount of data being extracted. For example, AltIndex will scan social media websites like Twitter and Facebook. It will look at a range of metrics, such as comments, followers, likes, and shares. It can then determine whether social media sentiment is positive or negative on each stock.

This will then generate an AI ranking score, which ranges from 1 to 100. This highlights the likelihood that the stock will outperform or underperform the broader market. For example, a stock with a high AI score has very strong fundamentals. This means that over the next few months, an upward trajectory is likely. In this instance, AltIndex rates the stock a ‘Strong Buy’.

That being said, there’s no requirement to manually review each AI stock rating. After all, AltIndex tracks thousands of stocks from the NASDAQ and NYSE. It also covers large-cap ETFs and some of the best cryptocurrencies to buy. Once AltIndex discovers a strong buy or sell signal, the recommendation will instantly be delivered to your email inbox.

This means you’ll be told which stock to trade and whether it’s a long or short position. The recommended trade will remain active for 3-9 months, depending on the updated AI ranking score. Nonetheless, you’ll be notified when AltIndex suggests closing the trade. We also like that AltIndex provides background information on stock prediction.

For example, AltIndex recently discovered some notable alternative data findings on Robinhood stock. It found that social media sentiment on Robinhood is declining, including fewer followers on Instagram, Twitter, and other social networks. It also discovered a prolonged decline in website visits and app downloads.

These metrics are crucial, as Robinhood relies exclusively on trading activity to generate revenue. Therefore, AltIndex recommended a sell position on Robinhood stock. In terms of results, AltIndex has a stock prediction accuracy of 75%. However, a more relevant metric is its average six-month returns of 24%. This is because each stock prediction will yield a different profit and loss.

AltIndex offers three pricing plans. You’ll pay $0, $29, or $99 per month, depending on how many stock recommendations you want. Each plan comes with 1, 10, or 25 monthly predictions, respectively. There’s also an enterprise plan with unlimited predictions but AltIndex doesn’t publish its price. All plans are flexible and can be canceled at any time. In addition to predictions, AltIndex also offers one of the best stock alerts services.

2. Seeking Alpha – Stock Prediction Software Offers 25% Average Annualized Returns Since 2009

Seeking Alpha is among the best stock prediction software for long-term investors. On Seeking Alpha, users receive two new stock trading signals every month. 

The trading signals are provided by a full-time team of in-house analysts. Since Seeking Alpha caters to long-term investments, the analyst team focuses on evaluating fundamental data, company valuations, and profitability before providing stock recommendations. 

Along with the monthly stock predictions, Seeking Alpha provides regular updates on outstanding positions. For instance, if a stock in your portfolio is signaled to be kept on ‘Hold’ for more than six months, it will automatically change to a ‘Sell.’ 

This is a part of Seeking Alpha’s stock rating feature, ensuring that members’ portfolios are regularly updated. Since Seeking Alpha launched in December 2009, it has offered an average annualized return of 25%. In the same period, Seeking Alpha has also outperformed the S&P 500 by 20% every year. 

However, the ‘25% annualized return’ is based only on ‘Strong Buy’ recommendations. To start using Seeking Alpha, users must pay an annual fee of $239. However, if users sign-up with Seeking Alpha’s 7-day free trial, the annual plan will be only $214. 

3. Danelfin – Popular Stock Prediction Software Which Outperforms the S&P500

Danelfin is a tried and tested AI driven stock prediction software which is proven to outperform the S&P500. The platform focusses mainly on US stocks and ETFs however there is also coverage for the European markets too. The software consists of three core areas: 600+ technical indicators, 150+ fundamental insights, and 150+ social sentiment metrics.

Collecting daily data for each stock, the AI algorithm calculates a ranking score based on current performance. Rated from 1-10, each stock is ranked on its probability of beating the market over the following 60 days with a score of 10 indicating a ‘strong buy’.

As you would expect, stocks with a low ranking score are expected to decline in value. Anyone curious enough is able to review the ranking methodology on the Danelfin website. Subscribers to the platform receive a daily email that details the top ten picks for that day. Alternatively, subscribers to both the Plus and Pro plans are able to view ranking data on any featured stock or ETF.

Priced at $52 per month, the Pro Plan enables users to access unlimited data on a wide range of stocks, ETFs, sectors and industries. The Pro plan also provides data on trade ideas, technical analysis and historical scores.

4. WallStreetZen – Zen Score Stock Predictions With 39 Time-Tested Due Diligence Checks

WallStreetZen offers the best stock predictions software for fundamental analysis. This popular predictions platform is suitable for manual or automated research. For example, if you prefer to invest passively and want assistance on which stocks to buy, WallStreetZen’s ‘Zen Score’ is ideal.  This assigns thousands of stocks a rating of between 0 and 100 based on 38 due diligence metrics.

Stocks with a high score have strong balance sheets, positive free cash flows, and high net profit margins. WallStreetZen also considers dividend yields and payout consistency, and meteoric growth potential.  If you want to perform your own analysis but wish to streamline the process, WallStreetZen also has you covered.

It offers a comprehensive stock screening tool that covers all 38 due diligence metrics. It also offers technical insights and you can filter stocks by your chosen exchange and industry. What’s more, WallStreetZen also offers access to real-time portfolios managed by the most profitable hedge funds. It obtains portfolio holdings from SEC filings and regulatory organizations.

This allows you to mirror the investments of successful institutions. For full functionality, WallStreetZen charges $19.50 per month when paying annually. Otherwise, this increases to $59 per month on a flexible plan. Both options come with a 30-day trial that you purchase for just $1. There’s also a free plan that comes with limited features.

5. TradingView – Free Stock Software for Sell-Side Analyst Ratings and Price Predictions  

TradingView offers the best stock predictions software for free users. Although TradingView is typically used for technical analysis, it also covers fundamental research on thousands of stocks. More specifically, it gives you access to sell-side analyst ratings. These are stock ratings given by experienced investment bankers from Wall Street.

Sell-side ratings cover ‘Strong Buy’, ‘Buy’, ‘Hold’, ‘Sell’, and ‘Strong Sell’. For example, the TradingView dashboard is currently telling us that across 44 sell-side analyst ratings, 22 rates Apple a ‘Strong Buy’. What’s more, TradingView also provides stock price predictions.

These are price estimates made by the same sell-side analysts for the next 12 months of trading.  Currently, TradingViews shows that Apple has an average price forecast of $199.93 – which is 11.2% above the current value. TradingView also allows you to view earnings per share estimates.

You can also compare previous estimates with actual outcomes. TradingView is also ideal if you want to learn the ropes of technical analysis. It supports thousands of custom indicators and drawing tools, and its charting platforms are very user-friendly. Although TradingView also offers a premium plan, many features are completely free.

6. Scanz – Real-Time Market Data With Unparalleled Stock Insights and Trading Ideas  

Scanz offers the best stock predictions software for scalpers and day traders. Its proprietary software offers real-time pricing on thousands of stocks. This is crucial, as most stock price platforms come with a 15-minute delay. What’s more, Scanz even offers real-time pricing on pre and post-market trading.

In terms of its stock prediction tools, Scanz offers one of the most advanced scanners in the market. It covers over 100 individual data points, including technical, fundamental, and pricing variables. This gives you unparalleled insights and allows you to discover the best trading opportunities.

Scanz has also developed a proprietary news scanner that covers over 100 media sources. This includes financial news, SEC filings, blogs, and press releases. This ensures that you can trade important news developments as soon as they’re announced. Scanz also offers an advanced charting dashboard that comes packed with features.

This includes customizable annotations, technical and economic indicators, and drawing tools. Now for the bad news – Scanz charges $169 per month. As such, its software will only appeal to professional traders. Moreover, you’ll need to pay an extra $15 per month for real-time OTC market data. That being said, Scanz offers a 14-day free trial, allowing you to try its software without making a financial commitment.

7. CI Markets – Stock Price Predictions on Over 1,600 Assets With a Claimed Accuracy Rate of 94.7%  

CI Markets is an advanced stock prediction software that forecasts future price valuations. It covers over 1,600 assets from multiple global markets. This includes stock constituents from the S&P 500, NASDAQ, FTSE 100, and Nikkei 225. CI Markets also covers major, minor, and exotic currency pairs, not to mention futures and commodities.

For each supported asset, CI Markets predicts yearly stock price movements based on monthly interval forecasts. It continuously backtests its theories with historical data from 2010 onwards. According to CI Markets, its stock prediction software has a forecast accuracy rate of 94.7%.

There are three pricing plans to choose from. The free plan is restricted to major currencies and Nikkei stocks. For $99 per month, you’ll get full functionality – including access to all supported assets. The monthly subscription fee is reduced to $50 when you purchase an annual plan.

8. Candlestick.ai – Weekly AI Stock Predictions for Just  $9.99 per Month 

Candlestick.ai is one of the best AI stock picker services for beginners. Its proprietary software generates stock predictions through artificial intelligence insights. You won’t need any prior investment or analysis experience, as Candlestick.ai tells you which stocks to buy.

It sends three prediction signals each week with the suggested stock and entry price. You’ll also be told when to close the position. Candlestick.ai offers a mobile-based stock prediction service for iOS and Android. When signals are generated, the app sends a push notification in real-time.

According to the Candlestick.ai website, its AI stock prediction service has made gains of 23% since 2022. However, it doesn’t offer historical results or examples of previous signals. Moreover, Candlestick.ai doesn’t explain its methodology – it simply claims to utilize artificial intelligence. Nonetheless, Candlestick.ai charges just $9.99 per month, which can be canceled at any time.

9. TrendSpider – Advanced Stock Scanning Software With  Customized Indicator Searches  

TrendSpider is an established stock research and analysis platform that offers a wide range of features. This includes one of the best market scanners for technical traders; TrendSpider allows you to find stocks that meet your custom search fields. For example, you might want to find stocks on the S&P 500 that have closed at a higher price than the previous day for five consecutive sessions.

You can also add in indicator readings like the MACD and RSI. TrendSpider also supports fundamental data fields, such as earnings and dividends. Crucially, TrendSpider completely streamlines the analysis process. You simply need to provide your preferred metrics and markets and TrendSpider does the rest. That said, TrendSpider is only suitable if you already have a proven strategy.

This is because the platform doesn’t send stock recommendations. Nevertheless, TrendSpider offers three pricing plans. The premium, pro, and pro plus plans cost $39, $79, and $179 per month, respectively. Each plan comes with various features, so you’ll need to assess which option is right for you. When paying annually there are discounts available. Moreover, all three plans come with a seven-day free trial.

10. TipRanks – Stock and ETF Price Forecasts From Wall Street Analysts and Financial Institutions   

TipRanks is a popular stock research platform that supports all US-listed stocks and ETFs. It also covers international markets, including the UK, Germany, and Australia. TipRanks offers a freemium service with limited data. This includes stock price predictions for the next 12 months.

Predictions are provided by Wall Street analysts and you’ll get to view the average, high, and low estimates. TipRanks also offers an overview of whether the markets are bullish or bearish on each stock. In addition, TipRanks also offers individual price predictions from major financial institutions, such as Citi, UBS, Wells Fargo, and Bank of America.

This is sorted by the most recent estimate, so you’re always getting up-to-date information. However, many institutional ratings are blacked out – meaning you need to become a paid member to view them. There are two plans to choose from at TipRanks.

If you purchase an annual plan, fees amount to $29.95 per month. This is reduced to $19.95 then paying for three years in advance. Unfortunately, TipRanks doesn’t offer a monthly plan – but a 30-day money-back guarantee is offered to new users.

How Does Stock Prediction Software Work?

In most cases, stock predictions software provides you with investment insights. These are completely streamlined and automated, meaning you won’t need to analyze the markets yourself. Stock prediction software is usually backed by emerging technologies, such as machine learning and artificial intelligence.

These technologies can scan thousands of stocks around the clock. They are trained to focus on specific data points, enabling them to find trends and stock recommendations. This includes technical, fundamental, and/or social sentiment analysis.

Let’s explore these strategy types so that you can choose the best stock predictions software for you.

Technical Insights

If you’re a trader who likes to focus on technical analysis, stock predictions software can streamline the process. Ordinarily, technical analysis is not only manual but time-consuming. For instance, you’ll need to choose your preferred time frame and technical indicators and draw suitable trend lines.

You’ll then need to make comparisons with other indicators to verify your findings. Crucially, you’ll only be able to analyze one financial instrument at a time. This means that you might be missing out on other trading opportunities.

In contrast, the best stock predictions software can automatically analyze the markets. When a key indicator has been triggered, you’ll receive an alert. This potentially saves you hours of manual legwork.

For example, the predictions software might alert you when the stochastic oscillator hits a reading of 80 or more. This could indicate that the stock is overbought and that a reversal could be incoming. You can then cross-check this reading with another indicator.

Fundamental Insights

Long-term stock investors prefer fundamental insights. At a basic level, this means reading earnings reports and making comparisons with previous periods. Important metrics include revenue, operating expenses, net income, free cash flow, and liabilities.

In addition, long-term investors will also consider financial ratios, such as the price-to-earnings (P/E) and the price-to-book (P/B) ratios. Naturally, analyzing these metrics can be very time-consuming. Moreover, you’ll only be able to analyze one stock at a time.

Once again, the best stock predictions software can streamline the research process. For example, you might receive an alert if the software believes a stock is under or overvalued. This will be based on a wide range of metrics, covering current and historical data points.

Some stock predictions software have their own methodology. This means signals are sent out based on a proprietary strategy. In many cases, you’ll be told exactly what stocks to buy or sell. You might also be provided with a suggested entry and exit price, allowing you to trade fundamental data passively.

Social Sentiment Insights and Alternative Data

A more recent entrant to the stock predictions software industry is alternative data. Interestingly, this doesn’t consider technical data or fundamental research. Instead, stock predictions are made based on non-conventional data, such as social media sentiment.

For example, consider that over 4.8 billion people use at least one social network, as per Statista data. Statista notes that in 2017, this figure stood at 2.7 billion people – illustrating a rapid increase. And by 2027, the number of social media users is expected to rise to 5.8 billion. Therefore, social media is home to a significant amount of data points that can provide investment insights.

This is where providers like AltIndex come in. AltIndex utilizes advanced technologies that can extract real-time data from social media. This includes everything from page follows and comments to likes, shares, and mentions. The data is analyzed by machine learning to generate an overall AI sentiment score.

This makes stock predictions based on whether sentiment is positive or negative. The benefit of using alternative data is that it often provides a time advantage. After all, you’ll receive insights before they are reported by mainstream media. This enables you to trade the stock recommendation at a favorable entry price.

AltIndex doesn’t require any investment experience or analysis skills. The AI sentiment score is automated and updated daily. As such, AltIndex sends a notification when a new stock prediction is created. This lands in your email inbox in real-time, so you simply need to place the suggested orders.

Conclusion

We’ve ranked and reviewed the best stock predictions software for 2024. Overall, beginners and experienced investors alike will find AltIndex offers the most accurate service.

Backed by machine learning and artificial intelligence, AltIndex analyzes alternative data sources – such as social media sentiment and internet traffic. It then generates stock prediction recommendations via email – telling you exactly which companies to buy or sell.

References 

• https://www.ibm.com/blog/ai-vs-machine-learning-vs-deep-learning-vs-neural-networks/
• https://www.cambridgeassessment.org.uk/Images/465808-big-data-and-social-media-analytics.pdf
• https://mitsloan.mit.edu/ideas-made-to-matter/machine-learning-explained
• https://www.sec.gov/edgar/searchedgar/companysearch
• https://www.spglobal.com/spdji/en/indices/equity/sp-500/
• https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/macd
• https://www.statista.com/statistics/278414/number-of-worldwide-social-network-users/

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