ETSY INC (ETSY) Stock Technical Analysis
NASDAQ:ETSY - Nasdaq - US29786A1060 - Common Stock - Currency: USD
Overall ETSY gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ETSY is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ETSY has an average volume of 6117160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ETSY is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ETSY is an average performer in the Broadline Retail industry, it outperforms 62% of 28 stocks in the same industry.
ETSY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ETSY is lagging the market slightly.
In the last month ETSY has a been trading in the 51.84 - 68.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ETSY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
49.65
65.93
2 important support areas can be observed.
- Support @54.56 from a trend line in the daily time frame.
- A support zone ranging from 50.15 to 50.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 61.55 to 61.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.76 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 63.82 to 63.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.28 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for ETSY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETSY is neutral. |
| ChartMill Relative Strength | 77.44 | POSITIVE | ETSY has a high relative strength, it outperformed 77.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETSY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETSY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETSY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.01 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests ETSY has a negative trend. |
| Stochastics (14,3) | 35.08 | NEUTRAL | The Stochastics value for ETSY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for ETSY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.25 | NEUTRAL | The ADX value for ETSY suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
58.77
+0.5 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.86%
1 Week-5.91%
2 Weeks-1.46%
1 Month8.09%
3 Month32.66%
6 Month7.03%
12 Month-0.98%
2 Year-20.12%
3 Year-44.35%
5 Year-50.9%
10 Year310.12%
15 YearN/A
Volatility
ATR(14)3.18
ATR(20)%4.89%
ATR Inc57.15%
Range Today2.55
ADR(20)2.66
ADR(20)%4.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.44
Mansfield0.48
10 Day High68.45
10 Day Low55.89
20 Day High68.45
20 Day Low51.84
52 Week High68.45
52 Week Low40.05
CS1 End54.56
CR1 Start61.55
Volume & EV
DER(3)2.52%
DER(5)0.78%
Volume4.64M
Volume Incr67.13%
Vol(5)8.06M
Vol(50)6.12M