Is ChartMill Legit?


Jeremy BiberdorfBy: Jeremy Biberdorf

March 3, 2023March 3, 2023

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As an investor or trader, you want to be sure that you have access to the best tools and information to help you make informed decisions about the stock market. ChartMill is a stock screen and analysis service that claims to provide day traders and swing traders with vital trading data. The platform offers a variety of technical indicators and analysis tools to identify trends throughout the stock market, and even gives each stock a fundamental rating.

In this article, we will examine ChartMill and its services to determine if it is a legitimate and trustworthy company. We will look into the background of the company, its features, and the user experience to give you a well-rounded understanding of the platform and help you not only decide, is ChartMill legit? But also, is ChartMill worth it? And whether you’re an experienced trader or just starting out, we believe yes.
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Company and Leadership Background

ChartMill is a web-based platform that offers a range of features for stock market analysis. Launched in 2008 by Michel Lahaye and Kristoff DE TURCK, ChartMill has become a popular choice among investors and stock market enthusiasts looking for a powerful tool to help them analyze stocks, ETFs, and other securities.

When it comes to scanning the stock market for specific shares, there are two ways to go about it – manually or with a stock screener (stock scanner). While both methods can yield the same result, using a stock screener like ChartMill has its advantages.

Manually scanning a list of stocks can be time-consuming, especially if you’re using multiple technical criteria, fundamental filters, over varying time frames. Moreover, there is a greater chance of making errors in the process, which can negatively impact the outcome.

In contrast, a stock screener like ChartMill can streamline the process and minimize the risk of errors. The platform offers sophisticated in-depth scanning, charting, and analysis tools, making it easier and more efficient to scan the wide range of stock market for the best investment opportunities.

While the background and experience of the founders of ChartMill, Michel Lahaye and Kristoff DE TURCK, may not be widely known, it is important to note that the value of a software service such as ChartMill should be evaluated based on its ability to provide helpful and informative analysis tools for stock market enthusiasts and investors. The focus should be on the quality and effectiveness of the software itself, rather than the personal history of the individuals behind it. 

Worthwhile Features

ChartMill is a web-based platform that provides day traders and swing traders with vital trading data and analysis tools. With its comprehensive set of features, it offers an efficient way of scanning the stock market for the best investment opportunities. ChartMill fundamental rating provides each stock a rating based on its setup ratings, technical ratings, stock prices, current price, average volume, stock charts, trading volume, and earnings ratio. It also offers a variety of chart patterns to help identify trends throughout the stock market, as well as sophisticated in-depth scanning, charting, and analysis tools.

One of the standout features of ChartMill is its comprehensive set of chart patterns. With the ability to detect traditional technical analysis patterns like head and shoulders, double bottoms, flags, and cup and handle patterns, as well as more obscure chart formations like rectangles, wedges, and diamonds, ChartMill provides a wealth of information to help you identify potential trading opportunities. In addition, the ability to create and save custom indicators allows you to easily view custom technical analysis or sentiment indicators on your charts without manual calculation or redundant data entry.

The Stock Screen also provides a comprehensive view of a company’s financial statement, including earnings release, financial ratios like price/earnings (PE) ratios, debt-equity ratios, free cash flow, percentage of institutional shareholders and more. All essential information for making wise investment decisions.

Additional Capabilities

The platform also provides users with features such as the Portfolio Manager, which allows them to keep track of investments, monitor performance, and adjust their strategy accordingly. Additionally, the Financials page provides an overview of a company’s financial information, while the Research page offers detailed insights into individual stocks and the markets as a whole. The Alerts feature notifies users when a stock’s performance meets certain criteria or crosses certain thresholds, so they can act quickly on potential trading opportunities.

Final Thoughts – Is ChartMill Legit?

Based on the features and capabilities of ChartMill, we can say that the company is indeed a legitimate and trustworthy company. The platform offers sophisticated in-depth scanning, charting, and analysis tools to help investors make informed decisions about the stock market.

For those considering doing business with ChartMill, we highly recommend the platform. With its comprehensive set of chart patterns, stock screen capabilities, and additional features like Portfolio Manager and Financials page, ChartMill provides investors with the tools and information they need to make successful investments. Whether you’re an experienced trader or just starting out, ChartMill is a valuable resource to have in your toolkit. Click here to get started with ChartMill today.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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