ETSY INC (ETSY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETSY - US29786A1060 - Common Stock
We assign a technical rating of 4 out of 10 to ETSY. ETSY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
ETSY has an average technical rating and it also does not offer a high quality setup 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.
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49.66
When analyzing the support we can see 4 important areas.
- A support zone ranging from 55.17 to 56.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.85 to 53.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.70 from a horizontal line in the daily time frame.
- Support @50.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.24 to 61.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ETSY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETSY is up. |
| ChartMill Relative Strength | 46.29 | NEUTRAL | ETSY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETSY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ETSY is above a declining 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) | 65.39 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests ETSY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.95 | OVERBOUGHT | The high Stochastics value suggests ETSY may be overbought. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ETSY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for ETSY suggests a possible start of a new trend. |
61.23
-0.53 (-0.86%)
ETSY INC / ETSY FAQ
Can you provide the ChartMill technical rating for ETSY INC?
ChartMill assigns a technical rating of 4 / 10 to ETSY.
Can you provide the trend direction for ETSY INC?
The current trend direction for ETSY INC (ETSY) is Bearish.
What is the RSI signal for ETSY INC (ETSY) stock?
ETSY INC (ETSY) has an RSI value of 65.3889. This indicates that the stock is currently neutral.
What is the MACD signal for ETSY stock?
The MACD indicator for ETSY INC (ETSY) has a value of 0.969596, indicating a bearish trend.
What is the short term momentum for ETSY stock?
The short term momentum for ETSY INC (ETSY) is positive.