TOP SHIPS INC. - Daily - Technical analysis published on 03/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.95 USD
My targets
1.25 USD (+10.35%)
1.28 USD (+13.54%)
My analysis
TOP SHIPS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.95 USD. The next resistance located at 1.25 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.28 USD. After this resistance, buyers could then target 1.63 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by aba0550.
Additional analysis
Quotes
The TOP SHIPS INC. price is 1.13 USD. The price has increased by +4.63% since the last closing and was between 1.01 USD and 1.13 USD. This implies that the price is at +11.88% from its lowest and at 0% from its highest.1.01
1.13
1.13
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TOP SHIPS INC.:
Technical
Technical analysis of TOP SHIPS INC. in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.83 | 0.93 | 1.12 | 1.13 | 1.28 | 1.63 | 1.90 |
| Change (%) | -26.19% | -18.14% | -0.88% | - | +13.54% | +44.25% | +68.14% |
| Change | -0.30 | -0.21 | -0.01 | - | +0.15 | +0.50 | +0.77 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 0.97 | 1.05 | 1.09 | 1.17 | 1.21 | 1.29 |
| Camarilla | 1.10 | 1.11 | 1.12 | 1.13 | 1.14 | 1.15 | 1.16 |
| Woodie | 0.95 | 0.98 | 1.07 | 1.10 | 1.19 | 1.22 | 1.31 |
| Fibonacci | 0.97 | 1.02 | 1.04 | 1.09 | 1.14 | 1.16 | 1.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 0.79 | 0.96 | 1.08 | 1.25 | 1.37 | 1.54 |
| Camarilla | 1.05 | 1.08 | 1.10 | 1.13 | 1.16 | 1.18 | 1.21 |
| Woodie | 0.70 | 0.80 | 0.99 | 1.09 | 1.28 | 1.38 | 1.57 |
| Fibonacci | 0.79 | 0.90 | 0.97 | 1.08 | 1.19 | 1.26 | 1.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.51 | 0.65 | 0.81 | 0.95 | 1.11 | 1.25 | 1.41 |
| Camarilla | 0.90 | 0.93 | 0.95 | 0.98 | 1.01 | 1.04 | 1.06 |
| Woodie | 0.53 | 0.66 | 0.83 | 0.96 | 1.13 | 1.26 | 1.43 |
| Fibonacci | 0.65 | 0.76 | 0.83 | 0.95 | 1.06 | 1.13 | 1.25 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.50 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 6.97 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.83 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 0.85 | |
| Zig ZAG (10): | 1.11 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 72.43 | |
| TEMA (21): | 1.09 | |
| Williams %R (14): | -21.73 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 3.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5900 | |
| Courbe Coppock: | 17.99 |
| MA7: | 1.03 | |
| MA20: | 0.99 | |
| MA50: | 0.91 | |
| MA100: | 1.07 | |
| MAexp7: | 1.05 | |
| MAexp20: | 0.99 | |
| MAexp50: | 0.97 | |
| MAexp100: | 1.06 | |
| Price / MA7: | +9.71% | |
| Price / MA20: | +14.14% | |
| Price / MA50: | +24.18% | |
| Price / MA100: | +5.61% | |
| Price / MAexp7: | +7.62% | |
| Price / MAexp20: | +14.14% | |
| Price / MAexp50: | +16.49% | |
| Price / MAexp100: | +6.60% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on TOP SHIPS INC. at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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