ISHARES TOP 20 US STOCKS ETF (TOPT) Stock Technical Analysis
NYSEARCA:TOPT - NYSE Arca - US46438G5707 - ETF - Currency: USD
Overall TOPT gets a technical rating of 6 out of 10. TOPT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, TOPT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.64. Right above this resistance zone may be a good entry point.
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24.68
When analyzing the support we notice one important area.
- A support zone ranging from 24.93 to 25.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.64 to 25.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 26.61 to 26.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for TOPT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TOPT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TOPT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TOPT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TOPT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.92 | NEUTRAL | The RSI value for TOPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TOPT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.31 | NEUTRAL | The Stochastics value for TOPT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for TOPT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for TOPT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.65 | 24.99 | 0.66 (2.59%) | 25.00% |
| An entry @25.65. This is a Buy Stop order right above the 10 day moving average. | An exit @24.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.66 points, which is 2.59%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:TOPT (5/23/2025, 8:04:01 PM)
25.24
-0.25 (-0.98%)