TOP Ships Technical Analysis (NASDAQ:TOPS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the TOP Ships stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the TOPS stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for TOP Ships. Technical analysis uses an approach for TOP Ships stock analysis that does not care for the fair value of a company but uses price and volume data only.
TOP Ships Moving Average
Moving averages show the average price of TOPS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.6 is above the price of $1.55.
TOP Ships Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the TOPS stock. The stock price is trading between the average and the lower band in the context of TOP Ships bollinger bands.
TOP Ships Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The TOP Ships MACD line is below the signal line.
TOP Ships Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 38.05 is the RSI value of TOPS stock.