TOP SHIPS INC (TOPS)       1.68  -0.14 (-7.69%)

1.68  -0.14 (-7.69%)

MHY8897Y1986 - Common Stock - Premarket: 1.66 -0.02 (-1.19%)

Technical Rating

0

Taking everything into account, TOPS scores 0 out of 10 in our technical rating. 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.



TOPS has an average volume of 5286550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
98% of all other stocks performed better in the past year than TOPS.
TOPS is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 94% of 394 stocks in the same industry do better.
TOPS is currently making a new 52 week low. This is a very bad signal. 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 1.66 - 5.94 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -47.66% -68.37% -83.84% -92.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 2.98 1.66 - 32.8
TOPS Weekly chart
TOPS Daily chart

Support/Resistance Analysis


1.66

1.70

Setup Analysis

Setup Rating

4

TOPS has a poor technical rating and the quality of the setup is also not perfect 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.


TOPS Daily chart

TOP SHIPS INC1.68

NASDAQ:TOPS (12/8/2022, 7:11:40 PM)-0.14 (-7.69%)

Premarket: 1.66 -0.02 (-1.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -7.69% 1 Week -53.72%
2 Weeks -25% 1 Month -47.66%
3 Month -68.37% 6 Month -83.84%
Volatility
ATR(14) 0.95 ATR(20)% 44.96%
ATR Inc -77.89% Range Today 0.21
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 2.98 Mansfield -8.42
10 Day High 5.94 10 Day Low 1.66
20 Day High 5.94 20 Day Low 1.66
52 Week High 32.8 52 Week Low 1.66
CS1 End N/A CR1 Start N/A
Volume & EV
DER(3) -6.84% DER(5) -4.21%
Volume 2.75M Volume Incr 303.06%
Vol(5) 14.44M Vol(50) 5.29M

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