TOP SHIPS INC (TOPS) Technical Analysis
NYSEARCA:TOPS • MHY8897Y2307
Current stock price
TOPS Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to TOPS. TOPS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TOPS is a bad performer in the overall market: 95% of all stocks are doing better.
- TOPS is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 90% are performing better than TOPS.
- TOPS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month TOPS has a been trading in the 2.86 - 3.43 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
TOPS Weekly and Daily overview Charts
TOPS Setup Rating and Analysis
TOPS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.06. Right above this resistance zone may be a good entry point.
More info and screens
TOPS Support and Resistance Analysis
2.87
We found 1 important support area.
- A support zone ranging from 2.90 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 3.06 to 3.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.27 from a trend line in the daily time frame.
- Resistance @4.50 from a trend line in the daily time frame.
- Resistance @6.12 from a horizontal line in the daily time frame.
- Resistance @6.30 from a horizontal line in the daily time frame.
TOPS Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for TOPS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TOPS is down. |
| ChartMill Relative Strength | 5.2 | NEGATIVE | TOPS has a low relative strength, it was outperformed by 94.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TOPS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TOPS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TOPS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.27 | NEUTRAL | The RSI value for TOPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TOPS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.74 | NEUTRAL | The Stochastics value for TOPS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for TOPS suggests high volalility. |
| Average Directional Index/ADX (14) | 12.97 | NEGATIVE | The low ADX value for TOPS suggests a weak or negative trend. |
TOPS Chart- and CandleStick Pattern Analysis
TOPS Technicals: Chart, Performance Metrics, Trend & Indicators
2.91
-0.05 (-1.69%)
TOP SHIPS INC / TOPS TA FAQ
What is the ChartMill technical rating of TOP SHIPS INC (TOPS) stock?
ChartMill assigns a technical rating of 0 / 10 to TOPS.
Can you provide the trend direction for TOP SHIPS INC?
The current trend direction for TOP SHIPS INC (TOPS) is Bearish.
What is the RSI signal for TOPS stock?
TOP SHIPS INC (TOPS) has an RSI value of 35.2671. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TOP SHIPS INC?
The buy/sell signal for TOP SHIPS INC (TOPS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TOP SHIPS INC?
TOP SHIPS INC (TOPS) has a support level at 2.9 and a resistance level at 3.06. Check the full technical report for our detailed analysis of TOPS support and resistance levels.