Which is Better, Screener or Trendlyne?

Success in the stock market depends on informed decision-making. For that, investors need reliable and relevant information. Hence, the need for stock screening tools. Trendlyne and Screener are two such tools. Now, if you have been thinking about which one to choose, then this article is for you. 

Here’s the gist: Screener is much easier to use and offers more reliable data, but Trendlyne offers better and more advanced features.

We want you to make the best investment decisions, which includes picking the right stock analysis tools too. That’s why, in this article, we will compare the key features, user experience and pricing of Trendlyne and Screener and maybe help you discover the right tool for you in the process.

Here is the list of criteria on which we will be comparing Trendlyne and Screener:

• Overview 
• Key Features
• User Experience
• Pricing
• Charts
• Watchlist
• App Functionality
• Stock Search
• Pros and Cons

What is Screener?

It is the default stock analysis tool for many, with its strong screening capability and in-depth financial data offerings. Additionally, Screener’s interface is quite easy to use, so it does not take a lot of time for new users to learn its features. 

It allows users to create custom filters to screen stocks on the basis of multiple criteria. This helps users find stock specific to their investment strategy easily. It also helps you understand the financial health and performance of any listed company via comprehensive data and insights. 

Let's move on to Screener's key features, user experience and pricing model:

Key Features of Screener

• Customisable Screens: Allows users to choose from many financial metrics, including debt-to-equity ratio, PE ratio, Return-on-Equity, etc., to create personalised screens.
   
• In-depth Data: Find the balance sheet, income statement, cash flow statement, ratio analysis and all other financial information about any listed company.
   
• Stock Comparison: Easily compare two stocks and see how they are performing. 
   
• Alerts and Notifications: Users looking for the stock to hit the right price can set up alerts and be notified immediately.
   
• Data Export: Export the financial data of a company directly to Excel to do your own analysis. 

User Experience on Screener

Users value how simple and easy it is to use. Its interface is clean and easy to navigate. Even new users can quickly get an understanding of how the platform works. Another feature that adds to the overall consumer experience is the option to create custom screens. This way, you can find the stocks that fit your investment strategy with ease. 

Screener's Pricing

It offers two plans: one free and one paid. The free plan gives you access to the basic features of the platform, but if you want to use the more advanced and premium features of the platform, you have to pay up. 

The cost of Screener's Premium Plan is ₹4999 per year.

What is Trendlyne?

It is a tool created to provide comprehensive market analytics. Advanced stock screener, financial data, technical analysis, as well as expert recommendations are some of the features offered to help you gain insight into the market. But what makes it really unique is that it can serve data in an easy to understand manner by integrating different data points. 

Let’s move on to its key features, user experience and pricing model:

Key Features of Trendlyne

• Advanced Tools: Allows you to use advanced technical and fundamental metrics to filter through stocks.
   
• Financial Analytics: Provides detailed financial metrics such as growth rates, profitability ratios, and valuation metrics.
   
• Stock Recommendations: Buy/sell/hold recommendations based on proprietary algorithms.
   
• Portfolio Analysis: Helps you understand how your portfolio is performing and the risk involved.
   
• Real-time Updates: It keeps you in the loop with all the current market news and updates in real time. 

User Experience on Trendlyne

New and seasoned investors like how detailed the analysis offered is. It’s visually appealing interface only adds to this experience. If you are looking to take a deep-dive into the performance of a stock or the market, it could be a great tool for you.

Trendlyne's Pricing

Trendlyne offers a free plan with access to limited features and a premium plan with access to all advanced tools and analytics.

Trendlyne's Monthly Plan costs ₹290 and Yearly Plan costs ₹2190. 

If you think that all these tools keep their advanced features under the lock-and-key of high prices, then you are wrong! Finology Ticker is an excellent alternative to try, if you are looking for something better and more powerful with free features.

Feature Comparison of Screener vs Trendlyne

Let’s see how Screener compares to Trendlyne's features:

1. Charts

Screener: Users can easily see the performance of any stock over various periods of time as it offers straightforward charts that are easy to understand and interpret.

Trendlyne: Offers advanced charting tools with interactive features. It allows users to create personalised charts with technical indicators. Helping users understand stock trends in greater detail. 

If you like to use detailed and customisable charts for stock analysis, then you might want to consider Finology's Ticker’s price and valuation charts.

2. Watchlist

Screener: Users can add stocks to their screener's watchlist and manage them. This allows them to track the performance of these stocks with ease.

Trendlyne: It offers a more advanced watchlist feature with real-time updates and detailed performance analytics for each stock on the list.

They are both good. However, Finology's Ticker Watchlist may be the superior choice, with a watchlist feature that provides real-time updates, Bulk Block Deal updates, Reports updates in watchlist stocks, and much more for free.

3. App Functionality

Screener: The Screener App is popular but has a complex layout and lacks effective mobile delivery, despite offering essential stock screener features.

Trendlyne: It offers a user-friendly mobile app that provides real-time updates and alerts. Additionally, all the features of its website are available on the desktop version.

4. Stock Search

Screener: Users can find the stocks that they are looking for quickly on the basis of multiple criteria with Screener's stock search function.

Trendlyne: Offers a more advanced feature that provides detailed information as well as analytics for all listed stocks. It also provides buy/sell/hold recommendations for stocks. 

There's a platform which let's you search brands too and get the companies behind them. You can try the easiest stock search in Finology Ticker for free. It also has IPO search, sectors analysis, custom stock screens and much more. 

5. Pricing

Screener:

• Free Plan: It is more suitable for casual investors, as it offers basic screening and financial data features.
• Premium Plan: Users get access to premium features, such as in-depth financial data, alerts, and data export options for a yearly fee of ₹4999.

Trendlyne

• Free Plan: It includes limited access to screening tools and basic financial data, which is suitable for new investors.
• Premium Plan: It offers full access to all features, including advanced analytics, recommendations, and portfolio analysis, for a monthly fee of ₹290 or Yearly fee of ₹2190.

Screener and Trendlyne aside, Finology Ticker also has its own set of premium tools that provides Valuation Calculators, Premium Bundles, DuPont analysis and Common Size Statement for every stock, etc., making it a valuable investment for serious investors.

Pros and Cons of Screener & Trendlyne

Screener

Pros:

• Ease of Use: It offers a simple and easily accessible interface suitable for all users.
• Custom Screens: Users can create personalised screens and filter stocks on the basis of the criteria of their choice.
• In-depth Information: Provides detailed, comprehensive financial information needed to make informed investment decisions.

Cons:

• Limited Charting Tools: It offers very basic charting capabilities as compared to Screener. 
• Poor Mobile App: It does not offer a good mobile application; users get the same dashboard as the website, which lacks usability on the phone. 

Trendlyne

Pros:

• Advanced Tools: Screening options are much more comprehensive. 
• Comprehensive Analytics: Users can find detailed financial as well as market analytics for better investment decisions. 
• Mobile App: Offers a user-friendly application so users can access all of the platform’s features.

Cons: 

• Quite Technical: Screener is simple to use but due to 100s of features in one page, Trendlyne is quite technical to use for a non frequent user. 
• Learning Curve: Because the platform's features are quite extensive, it may take users longer to learn its ins and outs. 

Conclusion

Now, you know the many features of Screener and Trendlyne and how they compare to each other. Both platforms offer some basic services for free. However, serious investors looking for advanced tools must pay the premium prices. 

Users who prefer their stock analysis tools to be simple and easy to use may choose Screener. It is more suited to casual or new investors. Trendlyne, on the other hand, is more suitable for people looking for more advanced analytics and comprehensive features. 

And, if you want a tool that is neither Screener nor Trendlyne, offering over 90% of its pro features for free, with better insights, analysis, reliable information and more to help you make better investment decisions on your stock market journey, then you can go for Finology Ticker. 

The choice is yours; pick the tool that suits you the best.