Best Stock Predictions Software for 2024

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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 9 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.

The Top Stock Predictions Software Ranked

Here’s an overview of the 9 best stock predictions software in the market today:

  1. AltIndex: AltIndex offers a web-based stock predictions service that leverages alternative data metrics. This includes website analytics, social media sentiment, and financial news mentions. The data is analyzed to generate an AI ranking score between 1 and 100. You’ll receive a real-time notification when a new stock recommendation is generated. AltIndex has performed well since its inception – its prediction service has made average six-month gains of 24%.
  2. Danelfin: Danelfin is a successful AI stock prediction software that supports thousands of stocks from the NASDAQ to the NYSE. Danelfin also covers European stocks and between January 2017 and December 2022 generated growth of 158%. Comparatively, the S&P500 only grew by 70% during the same period. This handy software calculates an AI ranking score for each stock and delivers a ‘top 10’ report every day.
  3. WallStreetZen: WallStreetZen is a popular stock prediction platform for fundamental investors. It ranks thousands of stocks based on a Zen Score of between 0 and 100. Scores are determined by 38 due diligence metrics, including cash flow, net profit margins, and future potential. Flexible plans cost $59 per month, which is reduced to $19.50 when making an annual purchase. There’s also a 30-day trial that costs just $1.
  4. TradingView: If you’re looking for free stock predictions software, TradingView is worth considering. Although TradingView is best known for its technical analysis tools, it also offers insights from sell-side analysts. Across thousands of stocks, you can assess analyst ratings from ‘Strong Sell’ to ‘Strong Buy’.  You can also view their estimated stock price prediction targets and earnings per share projections.
  5. Scanz: Available as Windows and Mac software, Scanz is aimed at scalpers and day traders who need real-time pricing. Not only during standard market hours but pre and post-trading too. It covers the NYSE, NASDAQ, and the OTC markets. Scanz also offers an advanced scanning tool that covers 100 data points, not to mention high-level charting software with technical indicators. Scanz charges $169 per month, so will only suit professional traders.
  6. CI Markets: The CI Markets software not only offers price predictions on stocks but also other popular asset classes. This includes everything from commodities and forex to indices and futures. Stock markets include the US, Japan, and the UK. CI Markets offers price predictions based on monthly interval forecasts. It claims to have an accuracy rate of 94.7%. CI Markets charges $50 or $90 per month, depending on whether you want a flexible or annual plan.
  7. Candlestick.ai: Candlestick.ai is aimed at beginners who want signals on the best stocks to buy. This prediction software comes with a mobile app for iOS and Android. It charges $9.99 per month and you’ll receive three stock prediction signals each week. Each signal is generated by artificial intelligence, but Candlestick.ai doesn’t offer further insight into its methodology.
  8. TrendSpider: TrendSpider is aimed at experienced stock analysts who want to streamline their research processes. It offers an advanced market scanner that supports custom entry fields. This includes fundamental and technical data points and you can specify specific markets – such as the Russell 2000 or S&P 500. TrendSpider charges $39, $79, or $179 per month depending on which features you need.
  9. TipRanks: This prediction software offers web-based forecasts on thousands of stocks and ETFs. It covers markets in the US, Germany, Australia, the UK, and more. TipRanks offers 12-month price predictions, as per Wall Street analysts and financial institutions. The free plan blacks out most data, so you’ll need a premium plan. Only annual or three-year plans are available, costing $359 and $718.20, respectively.

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.

AltIndex review

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.

AltIndex stock picking

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.

AltIndex Top WallStreetBets Stocks

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.

Stock Software Overview  Devices Price
Stock prediction service that generates AI-backed recommendations based on alternative data metrics. Email notifications inform you which stocks to buy or sell. Fully automated prediction service with no personal research or analysis required. Web and mobile browsers. Prices range from $0, $29, and $99 per month. The chosen plan will depend on the number of stock monthly predictions required.

Pros pros

  • One of the best stock predictions software for accuracy
  • 75% win rate and average six-month gains of 24%
  • Specializes in alternative data sources – giving you an edge in the market
  • Covers thousands of stocks, ETFs, and cryptocurrencies
  • Also offers price predictions, stock alerts, portfolio tracking, and a daily newsletter

Cons cons

  • $99 per month for the pro plan – which gets you 25 stock predictions each month
  • Doesn’t cover stocks outside of the US markets

2. 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.

Danelfin award winning software overview

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.

Stock Software Overview  Devices Price
Provides daily assessment on a  wide range of US & European stocks and ETFs. Plus and Pro plans offer deeper insights and technical analysis. iOS, Android, Mac & Windows Basic plan is free to use. Plus and Pro plans cost $19 & $52 per month respectively.

Pros pros

  • Easy to use and free to download
  • Massive range of US & European stocks and ETFs
  • Statistics show proven results

Cons cons

  • Free plan offers only limited features

3. 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.

WallStreetZen review

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.

Stock Software Overview  Devices Price
Offers a Zen Score from 0 to 100 on thousands of stocks. Scores are based on 38 due diligence checks and are largely based on fundamental data points. Also offers a comprehensive stock screener and access to hedge fund portfolios. Web and mobile browsers. $59 per month. Reduced to $19.50 when paying annually. Free plan comes with limited features.

Pros pros

  • Best stock predictions software for fundamental analysis
  • Zen Score rates thousands of stocks based on 38 due diligence checks
  • Comprehensive stock screener allows you to find suitable investments
  • Offers portfolio insights into the best-performing hedge funds

Cons cons

  • Free plan comes with limited features
  • Doesn’t include a stock tipping service

4. 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.

TradingView 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.

Stock Software Overview  Devices Price
Free analysis dashboard that offers sell-side analyst ratings from investment bankers. View which stocks Wall Street is bullish and bearish on. Also offers stock price predictions and earnings per share forecasts. Mobile app for iOS and Android. Desktop software for Windows, Mac, and Linux. Web and mobile browsers. Most features are completely free.

Pros pros

  • Free stock predictions software for technical and fundamental analysis
  • Offers sell-side analyst ratings on thousands of stocks
  • Get stock price predictions and earnings per share forecasts
  • Accessible via desktop software, an iOS/Android mobile app, and web browsers

Cons cons

  • Some features require a premium subscription
  • Doesn’t tell you which stocks to buy

5. 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 review

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.

Stock Software Overview  Devices Price
Feature-rich software that offers real-time market data from the NYSE and NASDAQ. This includes pre and post-market trading. Also offers an advanced market scanner with over 100 data points and high-level charting tools. Desktop software for Windows and Mac. $169 per month. An extra $15 per month for real-time OTC data. 14-day free trial for new users.

Pros pros

  • Best stock predictions software for real-time market data
  • One of the most advanced stock scanners – covers 100 data points
  • Real-time financial news signals from over 100 media sources
  • Windows and Mac software automatically updates when logging in

Cons cons

  • Charges $169 per month
  • Too advanced for novice traders

6. 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%.

CI Markets

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.

Stock Software Overview  Devices Price
Price predictions on over 1,600 financial markets, including US and international stocks, forex, commodities, and indices. Monthly interval forecasts enable the software to estimate stock prices over the next 12 months. Claims to have an accuracy rate of 94.7%. Web and mobile browsers. $99 per month. Reduced to $50 per month when purchasing an annual plan. There’s also a free plan but this offers limited features and only tracks major currencies and Nikkei stocks.

Pros pros

  • One-year price predictions based on monthly interval forecasts
  • Covers over 1,600 instruments – including stocks, currencies, and commodities
  • Claims to have a 94.7% accuracy rate
  • Optimized for web and mobile browsers

Cons cons

  • Doesn’t offer desktop software
  • Free plan only covers major currencies and Nikkei stocks

7. 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.

Candlestick.ai review

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.

Stock Software Overview  Devices Price
Mobile-based stock prediction service for iOS and Android. Three stock predictions are generated each week. 23% gains have been made since 2022. Trading recommendations are generated by artificial intelligence, but no information on its methodology is provided. Mobile app for iOS and Android. $9.99 per month.

Pros pros

  • One of the best stock picking services for beginners
  • Stock prediction signals tell you which companies to invest in
  • Three signals are sent each week via app notifications
  • Charges just $9.99 per month

Cons cons

  • Doesn’t explain its stock prediction methodology
  • Historical prediction data are not published

8. 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.

TrendSpider review

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.

Stock Software Overview  Devices Price
Advanced stock scanning tools with custom filters, covering technical and fundamental data points. Seamlessly find stocks that meet your due diligence checks. Reduces the analysis process from hours to seconds. Mobile app for iOS and Android. Browser extension for Chrome. Web and mobile browsers. $39, $79, or $179 per month depending on the required features. Discounts are available when purchasing an annual plan. Offers a seven-day free trial.

Pros pros

  • Advanced stock scanning tools supporting technical and fundamental data points
  • Instantly discover stocks when your predetermined metrics are triggered
  • Includes pre-made scanners for those without a strategy
  • Offers a native mobile app for iOS and Android

Cons cons

  • Doesn’t offer desktop software for Mac or Windows
  • Aimed at professional traders

9. 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.

TipRanks review

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.

Stock Software Overview  Devices Price
12-month price predictions on thousands of US and international stocks. ETFs are also covered. Predictions are provided by Wall Street analysts and financial institutions. Web and mobile browsers. Free plan offers limited insights. Premium plan costs $29.95 per month when paying annually. Reduced to $19.95 per month on a three-year purchase.

Pros pros

  • 12-month price predictions on thousands of US and international stocks
  • Forecasts provided by Wall Street analysts and financial institutions – including Citi and Wells Fargo
  • Shows the best analysts to follow for each supported stock
  • Also offers fundamental data – including earnings and dividend postings

Cons cons

  • Free plan comes with limited data
  • Does offer a flexible monthly plan – annual purchases only

Our Methodology When Rating the Best Stock Prediction Software

In order to rank the best stock predictions software providers, we designed a systematic methodology. This considered the most important metrics, such as:

  • Accuracy: If you’re relying on stock predictions software, it’s crucial that you receive accurate insights. Some providers offer a historical win rate. This highlights the percentage of winning predictions since the software provider was launched. However, make sure you verify these claims, as not all stock prediction software is credible.
  • Past Performance: If the stock prediction software offers trading recommendations, you’ll need to assess its past performance. This is different from the historical win rate, as it highlights the average financial returns generated since inception. For example, the annualized returns stated as a percentage, averaged out over time.
  • Supported Stocks: Our methodology also explored what stock exchanges the prediction service covers. Most providers focus on stocks listed on the NASDAQ and NYSE, meaning heavyweights like Apple, Amazon, and Microsoft. Some stock market predictions software also covers European and Asian markets, which enables you to diversify.
  • Analytical Methods: It’s also important to assess the analytical methods employed by the stock predictions software. For example, some providers leverage artificial intelligence and machine learning. This enables the software to generate insights above and beyond what a human trader could handle.
  • Prediction Strategy: The best stock predictions software specializes in a specific strategy. For instance, AltIndex leverages alternative data metrics like social sentiment and website analytics. Other providers focus on technical indicators or fundamental data, such as earnings reports and financial ratios.
  • Subscription Fees: To access accurate stock prediction software, you’ll likely need to pay a monthly subscription fee. Our methodology evaluated whether the fee justifies the performance and service received. For example, if the stock predictions software has a prolonged track record of outperforming the market, it makes sense to pay a premium.

The above methodology gives you the tools needed to choose the best stock predictions software for your requirements and budget.

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.

TradingView Netflix

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.

TipRanks Tesla

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

An Overview of Alternative Data for Finance

  • Still asking the question, what is Alternative data?
  • Put simply, hedge funds and other investors use alternative data to get a first-mover advantage.
  • Alternative data provides insights outside of traditional sources. This could include anything from social media sentiment and satellite imagery to credit card transactions and geolocation tracking.
  • Using alternative data to make investment decisions is increasingly becoming popular – as you’ll be informed before the broader market.
  • For more information, check out our guide on the best alternative data providers for [cur_yerar].

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.

AltIndex social sentiment 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.

Are Stock Prediction Tools Worth It?

If you’re new to stock prediction tools, you might be wondering if they’re worth using.

Some of the key benefits include:

  • Passive Investing: The best stock prediction software tells you exactly which companies to trade. This means that you don’t need to spend time researching the market. For example, AltIndex sends email notifications when its AI-driven tool finds a new stock signal. This tells you which stock to buy or sell – and you’ll also be told when to exit the position.
  • Streamline the Analysis Process: Performing stock research and analysis can be extremely time-consuming. Leading stock prediction tools streamline the process – reducing the time output from hours to seconds. When a fundamental or technical indicator has been triggered, you’ll be notified instantly. You can then assess the indicator reading before making a trading decision.
  • Increase Your Market Exposure: Manually researching the stock market means that you’re limited in scope. After all, you’ll only be able to research one stock at a time. Stock prediction tools give you exposure to considerably more markets, as they’re often backed by machine learning and artificial intelligence.
  • Follow the Experts: Some stock prediction tools give you insights into the so-called ‘smart money’. For example, TipRanks displays sell-side analyst ratings and stock price predictions from financial institutions. Similarly, WallStreetZen allows you to view portfolios from Wall Street’s most successful investors – including hedge funds.

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 

FAQs

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Kane Pepi
Editor
Kane Pepi
Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…