Scanz Overview – Is Scanz Value It?

Scanz claims they’ve constructed the premiere inventory discovery platform for merchants. However with this newly developed subscription inventory scanning service’s commanding worth premium, everybody has only one query:

Is Scanz value it?

It’s by no means been simpler to grow to be an investor. With all of the instruments, buying and selling platforms, apps, and investing websites, all you want is an hour or two to arrange an account and begin buying and selling. Being a profitable dealer, nevertheless, takes as a lot or extra effort because it all the time has. Hunches and scorching ideas aren’t sufficient to supply the type of returns you want to go from dabbler to full-time day dealer anymore; you want some critical computational assist.

You want three issues to be a profitable dealer: data, timing, and luck. There aren’t any instruments or providers that may improve your luck—apart from voodoo, after all—or assure well timed trades, however data is one other story.

There are tons of providers, web sites, and investing instruments on the market that promise to maintain you updated on all the most vital information and information tales which may have an effect on your portfolio. A few of these assets are free, browser or app-based providers. Others are standalone packages that value as a lot as the typical cellphone invoice. All providers and instruments aren’t created equal, and determining which one is best for you could be a laborious and doubtlessly costly course of.

One of many higher-end inventory scanners on the market involves us from Scanz, beforehand often known as EquityFeed. Maintain studying to seek out out extra about what Scanz does, how properly it does it, and the way it stacks as much as the competitors.

What’s Scanz?

Scanz payments itself as “the ‘multi functional’ market scanning platform made for day merchants and swing merchants.” Their standalone software program platform combines customizable inventory scanners—each “Professional” and “Straightforward”—a information scanner, a “Breakouts” characteristic that delivers real-time buying and selling indicators, superior charting options, and entry to real-time Degree II information.

Options Abstract:

  • Professional Scanner
  • Straightforward Scanner
  • Information Scanner
  • Breakouts
  • Charting
  • Degree II information

Earlier than we get into the specifics, let’s check out Scanz’s pricing.

Scanz Pricing

Scanz affords a 7-day free trial to its service. After that, a membership to Scanz will run you $169/month. Memberships embrace full protection of the Nasdaq, NYSE, and AMEX markets, real-time market information, the Professional, Straightforward, and Information scanners, Degree 2 quotes, (some) dealer integration, ETFs, SPAC’s, Warrants, and Most well-liked shares, a pre and post-market scanner, and extra options that aren’t listed on the web page.

You aren’t alone should you suppose $169/month is an aggressive worth level. Evaluations and person testimonies nearly all record the value level as the primary draw back to Scanz, and there’s large settlement that solely high-rolling merchants with huge portfolios and a number of expertise will get sufficient worth out of it to legitimize the value.

However earlier than you write Scanz off or give them your bank card data, let’s break down the options and providers they provide.

Scanz Options and Providers

Professional Scanner

Scanz lists the Professional Scanner on the prime of its Options web page, and for good cause. The Professional Scanner, as its identify suggests, enables you to scan a number of totally different inventory markets to seek out buying and selling alternatives and monitor inventory efficiency in real-time.

The Professional Scanner’s interface is simple, versatile, and designed with customization in thoughts. It’s surprisingly straightforward to arrange scans, and its wide selection of choices enables you to filter for shares by kind, worth, liquidity, fundamentals, and technical indicators like transferring averages, MACD, and Bollinger bands. It’s a really self-directed expertise, and can undoubtedly be extra helpful to veteran merchants than newbies.

Actual-Time Scanning

  • Scans markets from 4am to 8pm each day
  • Scans markets individually or unexpectedly
  • Scans primarily based on inventory kind, ETFs, overseas shares, most well-liked shares, and so on
  • Auto-sorting perform for figuring out shares with excessive volatility, liquidity, and so on

Filters

  • Worth filters by over 50 variables together with final worth, bid, ask, web change, highs, and lows
  • Liquidity filters for scanning by quantity, greenback quantity, # of trades, and different variables
  • Technical filters for scanning primarily based on a library of technical indicators
  • Elementary filters for scanning primarily based on financials, share construction, float, and so on

Customizable Scans

  • Straightforward-to-use interface for establishing easy or multi-rule scans
  • Limitless saved scan profiles for simple entry to earlier scan profiles

Straightforward Scanner

The Straightforward Scanner is Scanz’s reply to people who find themselves intimidated by the sheer variety of choices the Professional Scanner affords. As a substitute of meticulously establishing scans with extraordinarily particular standards, the Straightforward Scanner enables you to begin scanning for actionable insights inside a minute or two.

You clearly can’t get the identical type of granularity with the Straightforward Scanner as you’ll with the Professional Scanner, however it nonetheless affords a formidable array of filters and options. You may filter by market, inventory kind, sector, index, ETFs, and different standards, plus get real-time information on all of your watched shares in a single window.

Zero Effort Scanning

  • Solely takes a minute or two to arrange
  • Shows real-time information in a single window
  • Auto-sorting/rating characteristic enables you to scan for volatility, liquidity, momentum, and different components with only a couple clicks

Sector Scanner

  • Permits you to slim down scan to sure sectors and industries

Quick Squeeze Scanner

  • Offers you an inventory of potential brief squeeze candidates

Index Scanner

  • Focuses particularly on sure indexes

Filters

  • Filter by market, together with by inventory trade and OTC penny shares
  • Inventory kind filter enables you to slim all the way down to ETFs, overseas shares, bankrupt shares, common shares, and so on
  • ETF scanner for locating prime performing ETFs in numerous sectors
  • Customizable filter for scanning by worth, quantity, market cap, float, and so on

Customized Information Columns

  • Permits you to add customized information columns to your interface that show technicals, fundamentals, brief curiosity, and different quantitative components

Breakouts

The Breakouts characteristic is the identify Scanz gave to its built-in alert system. It’s a helpful characteristic for day merchants who need to have the ability to act on indicators and thresholds in actual time, however it takes a great deal of setup to get something helpful out of it. That mentioned, it’s a pretty versatile system that gives a number of choices for personalization.

Breakouts

  • Worth alerts
  • Block commerce alerts
  • New excessive/low alerts
  • Quantity breakouts triggered when shares expertise above common quantity
  • Watchlist alerts
  • Alert rely monitoring notifies you when a inventory triggers a number of alerts

Customization

  • Specify by market
  • Specify by inventory kind

On the spot Sorting

  • Permits you to kind alerts by time, amount, and so on

Customized Filters

  • Permits you to tailor alerts to your private investing technique

Information Scanner

Scanz isn’t the one information aggregator on the market, neither is it one of the best. The Information Scanner isn’t unhealthy, nevertheless, and it’s positively a pleasant bonus on prime of the opposite options Scanz affords.

Actual-Time Information

  • Over 60 information suppliers
  • Over 50 monetary websites/blogs

Actual-Time SEC Filings

  • Picks up related SEC filings as quickly as they’re filed

Customizable Interface

  • Glossy, easy-to-parse interface with choices for altering every part from kind to perform

Customized Filters and Key phrases

  • Key phrase customization makes it simpler to seek out particular tales
  • Filters allow you to slim down information to tales involving penny shares, sure indices, and so on

Montage

The Montage characteristic is principally a customizable window that permits you to squeeze as a lot pertinent data into one window as potential. As a substitute of flipping forwards and backwards between open charts, Degree 2 information, information, and different data, Montage enables you to mix all of them into one window. It’s a helpful characteristic, significantly for merchants who like having the entire image in entrance of them, however it’s nothing too thrilling.

Modular Window

  • Permits you to have a look at a number of sources and forms of information directly

Chart Drawing Instruments

  • Permits you to have a look at dwell charts
  • Instruments for drawing in annotations, trendlines, Fibonacci retracements, transferring averages, RSI, and a ton of different indicators.

Built-in Buying and selling

  • Permits you to hook up with your brokerage (should you use TD Ameritrade or Interactive Brokers) and make trades proper from the Montage window

A number of Tabs

Permits you to make and click on between a number of Montage home windows

Degree 2

Any previous service can show dwell Degree 1 information like bid, ask, and order measurement information. That’s sufficient for many buyers. Scanz, nevertheless, goes one other stage deeper. Its Degree 2 characteristic offers you real-time entry to the info behind the info, letting you monitor order books, monitor which orders are literally executed, and allows you to arrange alerts for when a market maker makes important adjustments to their orders.

That is the type of characteristic that may be both ineffective or invaluable, relying on the way you commerce. New merchants will don’t know what they’re . Veterans might be able to leverage the insights it offers to time their trades and acknowledge dangers and alternatives earlier than anybody else.

Order E book Abstract

  • Designed to allow you to gauge order provide and demand at a look
  • Time and Gross sales Window
  • For monitoring which orders are literally executed and when

Market Maker Exercise Log

  • Scanz’ proprietary Degree 2 service that alerts you to huge adjustments within the Degree 2 window

Conclusion

Scanz has rather a lot to supply merchants who already know what they’re doing, so their free trial, why not attempt it?

It’s much less of an enabler than an accentuator; you wouldn’t wish to use it should you’re simply getting began as a dealer or should you’re extra of a long-term and/or worth investor, however for veterans and day merchants, Scanz is completely value it.