TOP SHIPS INC (TOPS) Stock Technical Analysis
USA - NYSEARCA:TOPS - MHY8897Y2307 - Common Stock
5.86 USD
-0.01 (-0.17%)
We assign a technical rating of 4 out of 10 to TOPS. Recently some decent action could be observed, but in the medium term time frame this is still negative. TOPS was also a bad performer in the overall market in the last year.
88% of all other stocks performed better in the past year than TOPS.
TOPS is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 78% are performing better than TOPS.
TOPS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: TOPS has an average volume of 7834 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month TOPS has a been trading in the 5.44 - 6.14 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
TOPS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.03. Right above this resistance zone may be a good entry point. 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
8.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.67 to 5.71. This zone is formed by a combination of multiple trend lines and important moving averages 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 6.03 to 6.14. 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 @7.72 from a trend line in the weekly time frame.
- Resistance @8.11 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 | UP | POSITIVE | The short term trend for TOPS is up. |
| ChartMill Relative Strength | 12.63 | NEGATIVE | TOPS has a low relative strength, it was outperformed by 87.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TOPS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TOPS is above 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) | 52.85 | NEUTRAL | The RSI value for TOPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TOPS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.69 | NEUTRAL | The Stochastics value for TOPS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for TOPS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.5 | NEGATIVE | The low ADX value for TOPS suggests a weak or negative 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)
NYSEARCA:TOPS (10/20/2025, 8:19:11 PM)
5.86
-0.01 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.17%
1 Week0.17%
2 Weeks2.99%
1 Month6.93%
3 Month-6.24%
6 Month-1.84%
12 Month-32.91%
2 Year-8.44%
3 Year-89.59%
5 Year-97.61%
10 Year-100%
15 Year-100%
Volatility
ATR(14)0.3
ATR(20)%5.4%
ATR Inc-15.45%
Range Today0.31
ADR(20)0.31
ADR(20)%5.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.63
Mansfield-1.61
10 Day High6.1
10 Day Low5.54
20 Day High6.14
20 Day Low5.44
52 Week High11.47
52 Week Low5
CS1 End5.71
CR1 Start6.03
Volume & EV
DER(3)2.77%
DER(5)3.45%
Volume8.50K
Volume Incr26.68%
Vol(5)9.14K
Vol(50)7.83K