3E2 Technical Analysis - ETSY INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to 3E2. 3E2 has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, 3E2 is a bad performer in the overall market: 74% of all stocks are doing better.

3E2 is one of the lesser performing stocks in the Broadline Retail industry. 69% of 14 stocks in the same industry do better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: 3E2 has an average volume of 248 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

3E2 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so 3E2 is lagging the market slightly.

In the last month 3E2 has a been trading in the 36.88 - 54.34 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

3E2 has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

47.40

60.91

We found 1 important support area.

Support @47.88 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

Resistance @54.28 from a horizontal line in the weekly time frame.
A resistance zone ranging from 59.55 to 60.31. This zone is formed by a combination of multiple trend lines in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for 3E2.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 3E2.DE is up.
ChartMill Relative Strength	26.18	NEGATIVE	3E2.DE has a low relative strength, it was outperformed by 73.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 3E2.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 3E2.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of 3E2.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	68.92	NEUTRAL	The RSI value for 3E2.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.68	POSITIVE	The MACD value suggests 3E2.DE has a positive trend.
Stochastics (14,3)	84.92	OVERBOUGHT	The high Stochastics value suggests 3E2.DE may be overbought.
Average True Range in percent/ATR (20)	4.75	MEDIUM VOLATILITY	The ATR as a percentage value for 3E2.DE suggests some volalility.
Average Directional Index/ADX (14)	26.87	POSITIVE	The high ADX value value for 3E2.DE suggests a strong trend.