Double top


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Double top

A term used in technical analysis to refer to the rise of a stock's price, a drop, and then a rise back to the same level as the original rise. The pattern looks like the letter M. In technical analysis, this pattern is interpreted negatively suggesting that there is some resistance level (top of the M) whereby the stock can't go higher.

Double Top

A situation in which a security's price peaks, drops back down, then peaks again at the same price as before. For example, a stock may rise to $30 per share, drop to $27, then rise back to $30. A double top is useful in identifying a resistance level, which is a price above which a security has difficulty rising. This, in turn, can be helpful in finding buy signals and sell signals.

double top

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double top
In technical analysis, a chart formation indicating stock price resistance level and characterized by a stock price reaching a single high price on two different occasions. The price level represented by the double top becomes a resistance level through which the stock will later have difficulty breaking below. Compare double bottom.

Double top.

Double top is a term that technical analysts use to describe a stock price pattern that, when depicted on a chart, shows two gains to the same dollar level separated by a price drop.

For example, if a stock that had been trading at about $28 a share rose to $35, dropped back to trade at about $28 for several weeks, and then rose to $35 again, analysts would identify $35 as a double top.

An analyst observing this pattern might conclude that investors were comfortable paying $35 for the stock, and that the price might not rise above that level in the near term. In technical terms, the analyst would say that there was resistance above that price. However, there's no way to predict whether the price would in fact remain at $35 or gain value and hit new a high.

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The precipitous fall triggered the breakdown of a double top trend reversal pattern on a move below 3,538 with the index then retracing just over two thirds of the prior advance.
The seventh leg of the decider went Adams' way on double top however and the 58-year-old - who had earlier missed double 12 for a perfect nine-dart leg - rounded off victory on double 13 after the pair had traded maximums.
The deciding set went all the way and needing double top to win Norris found the five bed.
White took the first two legs of the sixth set, to establish a good advantage, hitting a 111 finish in the opening leg, before Burnett won the third on double top, with White waiting on double 14 to win the set.
5 seed who triumphed with a thumping double top to earn one of the best results of his career.
It was a really hard game but I produced the right finishes at the right time," said Wade, who hit eight of his nine attempts at double top during the game.
com/technical-updates/gold-and-silver-monitoring-possible-double-top-developments/) Gold and Silver 6 Monitoring Possible Double Top Developments (9/19)
Yet a determined showing from the 29-year-old, coupled with a missed double top from Adams, allowed Chisnall back in to make it 3-2.
The fourth set was 1-1 when Waites blew a big lead in the third leg and Phillips finished on 87, then the Welsh wizard hit double top in the next to take a 4-0 advantage.
HIGH spot of the week in the Carlsberg Olton Double Top League was the 3-0 win for Luke Coles over Ralph Nunn.
He was being outscored on the 180s but The Power showed all his experience to land double top for a 13-darter to take the set 3-2.
The Aldershot-based thrower added three more to move to within one leg of a whitewash - but Ovens stopped the rot with double top.