Overall TOPS gets a technical rating of 5 out of 10. In the last year, TOPS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, TOPS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for TOPS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.20
We found 2 important support areas.
- Support @5.85 from a horizontal line in the daily time frame.
- A support zone ranging from 5.25 to 5.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.93 to 6.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.12 to 6.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.30 from a horizontal line in the daily time frame.
- Resistance @7.56 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for TOPS is neutral. |
| ChartMill Relative Strength | 51.87 | NEUTRAL | TOPS is not amongst the best or worst performers 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) | 46.41 | NEUTRAL | The RSI value for TOPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TOPS has a negative trend. |
| Stochastics (14,3) | 51.68 | NEUTRAL | The Stochastics value for TOPS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for TOPS suggests some volalility. |
| Average Directional Index/ADX (14) | 9.99 | NEGATIVE | The low ADX value for TOPS suggests a weak or negative trend. |
5.93
-0.08 (-1.33%)
TOP SHIPS INC / TOPS FAQ
What is the ChartMill technical rating of TOP SHIPS INC (TOPS) stock?
ChartMill assigns a technical rating of 5 / 10 to TOPS.
What is the trend direction for TOPS stock?
The current trend direction for TOP SHIPS INC (TOPS) is Bearish.
Can you provide the RSI signal for TOP SHIPS INC?
TOP SHIPS INC (TOPS) has an RSI value of 46.4132. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TOP SHIPS INC?
The MACD indicator for TOP SHIPS INC (TOPS) has a value of -0.0112165, indicating a bearish trend.
What is the support and resistance level for TOPS stock?
TOP SHIPS INC (TOPS) has a support level at 5.85 and a resistance level at 5.93. Check the full technical report for our detailed analysis of TOPS support and resistance levels.