If you’re reading this right now, you’re looking for a top-notch stock screener and probably heard about Market Chameleon.
But then, you’re likely wondering, “Is this one as comprehensive as they say?” We understand that feeling. You want to make the best decision when investing your time and resources.
Guess what? You’ve come to the right place!
In the next three minutes, we will take a closer look at Market Chameleon, dissect its features, and determine if it’s as impressive as it claims to be. We’ll discuss its pricing and, most importantly, whether it is a good stock screener.
Stick around as we uncover the truth about this platform, and by the end of this Market Chameleon review, you’ll be armed with all the info you need to decide if it’s the perfect tool for your stock screening needs.
Table of Contents
What is Market Chameleon?
Market Chameleon is a trading research platform that helps you discover all U.S. stocks and options trading opportunities.
It’s packed with many tools that you can use as an investor or trader to really dig deep into various trade strategies. Some unique features on Market Chameleon include stock and options screeners, earnings research, and volume reports.
Features of Market Chameleon
This platform is chock-full of tools perfect for investors who know their stuff, like stock, options, and earnings research.
Plus, they offer newsletters and the ability to create custom stock watchlists. Just keep in mind that access to these tools depends on the plan you choose.
Here’s what you can expect from Market Chameleon.
1) Stock Research
The stock trader tool on Market Chameleon is loaded with handy features. For example, you can check out active pre-market trading stocks before the market opens each day.
And how about the Gap Up and Gap Down historical view? This nifty feature shows you the past price gaps of stocks, helping you understand how the market typically reacts to those gaps.
You can also use the after-hours search to find stocks with the most activity and price impacts after the market closes, helping you prep for the next trading day.
And don’t forget about outperforming stocks, top gainers and losers, and market movers with unusual trading volume.
We’ve written a comprehensive guide on Market Chameleon pre-market mover. You should read it if you’re interested in pre-market trading.
2) Options Research
Market Chameleon’s research tool has your back if you’re into options trading. It’s packed with features that help you step up your game.
Take the unusual options volume scanner, for example – it lets you find stocks with higher trading volumes than expected.
And how about the interest scanner? This handy tool shows you stocks with high, moderate, or low implied volatility for the current trading day.
If you’re a trader who likes trading within regular market hours, check out our blog post on Market Chameleon after trading hours.
3) Earnings Research
They have this earnings calendar that can help you spot opportunities during and after earnings reports. It shows you overvalued and undervalued stocks around the time of earnings releases.
The calendar includes earnings info based on stock and options screeners, which can help you find some seriously profitable opportunities. And you can tweak this tool to your liking.
With this, you can focus on stocks from your watchlist or stocks with earnings released on a specific date.
4) Custom Stock Watchlists
Market Chameleon lets you create a bunch of watchlists tailored to the stocks and options you’re into. You can set up email alerts based on your watchlist to keep you in the loop.
5) Newsletters
Market Chameleon offers free newsletters for every plan. This feature gathers press releases from various companies, so you always have the info you need at your fingertips.
You can filter the newsletters you receive based on your watchlist. Just pop in your email address, and you’ll get daily email newsletters like Pre-market Movers, Earnings Alerts, or Option Order Flow Sentiment.
Market Chameleon Pricing
So, let’s talk about how much Market Chameleon costs. They’ve got five pricing tiers, which is great because you can pick and choose based on what features you need.
There’s even a free basic starter option, giving you access to stock tracking, dividend announcements, and newsletters. But, if you want stock trading, you’ll need to shell out at least $39 per month, and for everything they offer, it’s $99 per month.
The five pricing tiers are Starter, Stock Trader, Options Trader, Earnings Trader, and Total Access. The Starter plan gives you free access to basic features, like tracking your favorite stocks and receiving newsletters.
For $39 per month, the Stock Trader tier gives you most of the tools a newbie trader needs, but it’s limited regarding earnings and options research tools.
If you want almost everything Market Chameleon offers, consider the Options Trader or Earnings Trader plans, which cost $69 per month and $79 per month, respectively.
Finally, the Total Access plan is a bit pricier, but at $99 per month, you get every single product Market Chameleon offers.
Pros of Market Chameleon
- 7-day trial period
- Wide variety of no-cost options for screeners
- Ability to generate watchlists for different data points
- Access to historical performance data
Cons of Market Chameleon
- Cumbersome user interface
- Cost may be a drawback for some traders
Is Market Chameleon Still Worth it?
Market Chameleon is an all-inclusive options research platform with many fantastic tools and features to help traders and investors make the most out of the financial markets.
The platform caters to newbies and seasoned options traders, so it’s versatile and valuable for anyone looking to up their options trading game.
Now, the big question: Is Market Chameleon worth it? If you’re an options trader searching for a comprehensive research platform packed with powerful tools and features, it’s a resounding yes. Ultimately, deciding whether to join Market Chameleon depends on your investment objectives and requirements.
If you’re curious about what this platform can do for you, why not give their 7-day free trial a spin? It’s a fantastic way to see if it’s the right fit for you.
Click here to sign up for Market Chameleon and see if this stock research platform does the trick for your trading needs.
