TOP SHIPS INC (TOPS) Stock Technical Analysis
NYSEARCA:TOPS - NYSE Arca - MHY8897Y2307 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to TOPS. TOPS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
90% of all other stocks performed better in the past year than TOPS.
TOPS is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 86% are performing better than TOPS.
TOPS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TOPS is lagging the market.
In the last month TOPS has a been trading in the 5.00 - 11.47 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of TOPS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.25
6.06
We found 1 important support area.
- A support zone ranging from 5.30 to 5.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.93 to 6.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for TOPS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TOPS is down. |
| ChartMill Relative Strength | 10.01 | NEGATIVE | TOPS has a low relative strength, it was outperformed by 89.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TOPS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TOPS is below the rising 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) | 44.33 | NEUTRAL | The RSI value for TOPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests TOPS has a negative trend. |
| Stochastics (14,3) | 11.75 | OVERSOLD | The low Stochastics value suggests TOPS may be oversold. |
| Average True Range in percent/ATR (20) | 17.36 | HIGH VOLATILITY | The high ATR as a percentage value for TOPS suggests high volalility. |
| Average Directional Index/ADX (14) | 37.6 | POSITIVE | The high ADX value value for TOPS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.92
+0.41 (+7.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.44%
1 Week-38.46%
2 Weeks-24.01%
1 Month10.65%
3 Month-9.06%
6 Month-3.27%
12 Month-46.28%
2 Year-13.71%
3 Year-93.5%
5 Year-99.28%
10 Year-100%
15 Year-100%
Volatility
ATR(14)1.4
ATR(20)%17.36%
ATR Inc-51.53%
Range Today0.64
ADR(20)0.97
ADR(20)%16.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.01
Mansfield-2.36
10 Day High9.74
10 Day Low5
20 Day High11.47
20 Day Low5
52 Week High11.47
52 Week Low5
CS1 End5.3
CR1 Start5.93
Volume & EV
DER(3)7.27%
DER(5)8.31%
Volume53.40K
Volume Incr-42.68%
Vol(5)153.90K
Vol(50)126.18K