RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TOPS
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Evaluation of TOP Ships Inc. stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -0.21% PDF

The TOP Ships Inc. stock price fell by -0.214% on the last day (Thursday, 28th Mar 2024) from $14.05 to $14.02. During the last trading day the stock fluctuated 4.39% from a day low at $13.88 to a day high of $14.49. The price has been going up and down for this period, and there has been a 4.78% gain for the last 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 19 thousand shares were bought and sold for approximately $267.40 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $14.22 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.15% during the next 3 months and, with a 90% probability hold a price between $11.36 and $12.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TOPS Signals & Forecast

The TOP Ships Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.65 and $13.77. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. TOP Ships Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Friday, February 23, 2024 and based on theory for this formation the price should go up by 11.86% to $15.68 within 12 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for TOP Ships Inc. stock

TOP Ships Inc. finds support from accumulated volume at $13.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.610 (4.39%) between high and low. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: $13.51 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (TOPS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect TOP Ships Inc. to open at $14.13, and during the day (based on 14 day Average True Range), to move between $13.48 and $14.56, which gives a possible trading interval of +/-$0.541 (+/-3.86%) up or down from last closing price. If TOP Ships Inc. takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.41 (2.78%) than the support at $13.46 (3.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is TOP Ships Inc. stock A Buy?

TOP Ships Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.217 Hold/Accumulate Downgraded

Predicted Opening Price for TOP Ships Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.13 ( 0.784%) $14.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TOPS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.74 5.13 %
R2 14.51 3.47 %
R1 14.36 2.45 %
Current price: 14.02
Support S1 13.90 -0.88 %
S2 13.75 -1.90 %
S3 13.52 -3.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.11 7.77 %
R2 14.55 3.78 %
R1 14.41 2.78 %
Current price 14.02
Support S1 13.46 -3.99%
S2 13.44 -4.17%
S3 13.35 -4.78%

TOPS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 06, 2006 Apr 12, 2006 Aug 10, 2020 $9,449,999,695,872.00 2,289,244,112,372.09%
2 Mar 13, 2006 Mar 28, 2006 Mar 27, 2006 $18,899,999,391,744.00 2.35%
3 Jan 04, 2006 Jan 12, 2006 Jan 23, 2006 $793,800,015,872.00 0.142%
4 Oct 04, 2005 Oct 12, 2005 Oct 25, 2005 $793,800,015,872.00 0.135%
5 Jul 05, 2005 Jul 13, 2005 Jul 27, 2005 $945,000,022,016.00 0.135%

FAQ

What is the symbol for TOP Ships Inc. Stock and on which exchange is it traded?
The symbol for TOP Ships Inc. is TOPS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell TOP Ships Inc. Stock?
TOP Ships Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy TOP Ships Inc. Stock?
TOP Ships Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TOP Ships Inc. Stock.

What's the current price of TOP Ships Inc. Stock?
As of the end of day on the 2024-03-28, the price of an TOP Ships Inc. (TOPS) share was $14.02.

What is the 52-week high and low for TOP Ships Inc. Stock?
The 52-week high for TOP Ships Inc. Stock is $18.97 and the 52-week low is $0.560.

What is the market capitalization of TOP Ships Inc. Stock?
As of the 2024-03-28, the market capitalization of TOP Ships Inc. is 64.86M.

When is the next earnings date for TOP Ships Inc.?
The upcoming earnings date for TOP Ships Inc. is Aug 01, 2024.
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About TOP Ships Inc.

Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was... TOPS Profile

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