Mobile app review: StockTouch

StockTouch is an app for the iPhone and iPad that provides an easily readable heatmap of the one hundred top stocks (ranked by market cap) in each of nine of the most popular asset classes. This is a nifty tool that shows you in an instant what is happening within each sector and how well the sectors are moving relative to each other.

If you watch CNBC, you’ll know what a heat map is. If you don’t, it’s a graphical display of what’s hot and what’s not: stocks trending up are displayed in increasingly brighter shades of green and those trending in the opposite direction are shown in increasingly brighter shades of red with color brightness defined by the magnitude of the gain or loss.

StockTouch is intuitive and users should have no problem implementing it. But if you can’t figure it out after a few minutes, there’s an online tutorial that can help.

Current features
Handy features include the following:

– Many display choices–by market cap, trade volume, percent price change, alphabetically (handy if you’ve forgotten the stock symbol or conversely, the company’s name), or price change versus the S&P 500.

– Charting time frames from 1 day to 5 years.

– Clickable headline views on any selected stock.

– A stock symbol search feature.

– An optional running ticker of the Dow Industrials, S&P 500, and Nasdaq.

– A “Favorite Stock” feature (touch the star button) that will cause selected stocks to stand out in macro views.

Desired additions
This application is in its infancy and the developer is promising to add more features. “Wants” that many current users hope will be incorporated into future releases include the following:

– An Android version that the company claims is coming soon.

– The addition of lower-cap stocks, ETFs, and commodities.

– A direct connection to online trading platforms.

– The ability to swipe to adjacent stocks in single view mode.

– More charting tools & indicators such as candlesticks, MACD, and RSI.

– The option of creating stock watchlists.

– Price alerts sent via email or text.

The bottom line
Users give this app a thumbs-up based on its graphic design and intuitive nature, but many feel that more bells and whistles are needed. I think the $4.99 nominal fee is well worth the price, and as more of the above changes are incorporated, it will become an even better value. If you’re an active trader and want to see at a glance how stocks, sectors, and markets are trending, then this is the app for you!

Disclosure: I was given the app to review and have no other affiliation with the company.

Themes: mobile applications, stock software, Apple applications, iPhone apps, software reviews

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