Top (technical analysis)

In technical analysis, a top is an event in which a security's market price reaches a high, then a higher high, and then a lower high.

The first high signifies the pressure from buying was greater than the pressure from selling. The second higher high suggests that buying still had more pressure than the selling. The third lower high suggests that selling pressure will not let prices rise as high as the previous high. This turning point from buying pressure to selling pressure is called a top.

Support & resistance	Bottom Fibonacci retracement Pivot point (PP) Top

Trend	Average directional index (ADX) Know sure thing oscillator (KST) Ichimoku Kinkō Hyō Moving average convergence/divergence (MACD) Mass index Moving average (MA) Parabolic SAR (SAR) Smart money index (SMI) Trend line Trix Vortex Indicator (VI)

Momentum	Relative strength index (RSI) Stochastic oscillator True strength index (TSI) Ultimate oscillator Williams %R (%R)

Volume	Accumulation/distribution line Ease of movement (EMV) Force index (FI) Money flow index (MFI) Negative volume index (NVI) On-balance volume (OBV) Put/call ratio (PCR) Volume–price trend (VPT)

Volatility	Average true range (ATR) Bollinger Bands (BB) Donchian channel CBOE Market Volatility Index (VIX) Standard deviation (σ)

Other	Advance–decline line (ADL) Arms index (TRIN) Commodity channel index (CCI) Coppock curve Keltner channel McClellan oscillator Ulcer Index

Top (technical analysis)

See also