TOP SHIPS INC (TOPS) 0.879 -0.01 (-1.08%)
0.879 -0.01 (-1.08%)
MHY8897Y1986 - Common Stock - After market: 0.865 -0.01 (-1.59%)
Technical Rating
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.
TOPS has an average volume of 5002810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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: 98% of all stocks are doing better.
TOPS is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 92% of 386 stocks in the same industry do better.
TOPS is currently trading near the lower end of its 52 week range, which is not a good sign. TOPS is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month TOPS has a been trading in the 0.80 - 1.25 range, which is quite wide. It is currently trading near the lows of this range.
Statistics
Support/Resistance Analysis
0.85
0.91
When analyzing the support we notice one important area.
- A support zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- Resistance @0.90 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
TOPS has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
TOP SHIPS INC0.879
NASDAQ:TOPS (3/31/2023, 6:59:44 PM)-0.01 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
Today-1.08%
1 Week3.42%
2 Weeks3.41%
1 Month-4.04%
3 Month-30.79%
6 Month-71.09%
Volatility
ATR(14)0.07
ATR(20)%12.24%
ATR Inc-54.02%
Range Today0.04
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.78
Mansfield-8.53
10 Day High1
10 Day Low0.8
20 Day High1.25
20 Day Low0.8
52 Week High21
52 Week Low0.75
CS1 End0.87
CR1 Start0.9
Volume & EV
DER(3)-18.72%
DER(5)-7.44%
Volume667.80K
Volume Incr-81.13%
Vol(5)980.68K
Vol(50)5.00M
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