Overall market sentiment has been high on TOP SHIPS Inc (TOPS) stock lately. TOPS receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
TOP SHIPS Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TOPS!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With TOPS Stock Today?
TOP SHIPS Inc (TOPS) stock is trading at $0.27 as of 10:06 AM on Wednesday, Apr 22, a drop of -$0.02, or -7.39% from the previous closing price of $0.29. The stock has traded between $0.25 and $0.29 so far today. Volume today is below average. So far 15,241,584 shares have traded compared to average volume of 67,879,459 shares.
To see InvestorsObserver's Sentiment Score for TOP SHIPS Inc click here.
