TOP SHIPS INC (TOPS) Technical Analysis
NYSEARCA:TOPS • MHY8897Y2307
Current stock price
TOPS Technical Rating and Analysis
Taking everything into account, TOPS scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TOPS is a bad performer in the overall market: 93% of all stocks are doing better.
- TOPS is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 208 stocks in the same industry do better.
- TOPS is currently making a new 52 week low. This is a very bad signal. The S&P500 Index 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 3.08 - 7.40 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.
TOPS Weekly and Daily overview Charts
TOPS Setup Rating and Analysis
Although the technical rating is bad, TOPS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
TOPS Support and Resistance Analysis
3.11
5 important resistance areas can be observed.
- Resistance @3.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.58 to 4.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.80 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 | 7.56 | NEGATIVE | TOPS has a low relative strength, it was outperformed by 92.44% 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) | 30.98 | NEUTRAL | The RSI value for TOPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TOPS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.66 | OVERSOLD | The low Stochastics value suggests TOPS may be oversold. |
| Average True Range in percent/ATR (20) | 23.74 | HIGH VOLATILITY | The high ATR as a percentage value for TOPS suggests high volalility. |
| Average Directional Index/ADX (14) | 28.05 | POSITIVE | The high ADX value value for TOPS suggests a strong trend. |
TOPS Chart- and CandleStick Pattern Analysis
TOPS Technicals: Chart, Performance Metrics, Trend & Indicators
3.14
-0.19 (-5.71%)
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.
Can you provide the RSI signal for TOP SHIPS INC?
TOP SHIPS INC (TOPS) has an RSI value of 30.9801. This indicates that the stock is currently neutral.
What is the MACD signal for TOPS stock?
The MACD indicator for TOP SHIPS INC (TOPS) has a value of -0.0699445, indicating a bearish trend.
What are the support and resistance levels for TOP SHIPS INC (TOPS) stock?
TOP SHIPS INC (TOPS) has a resistance level at 3.61. Check the full technical report for our detailed analysis of TOPS support and resistance levels.