ETSY INC (ETSY)       137.8  +3.26 (+2.42%)

137.8  +3.26 (+2.42%)

US29786A1060 - Common Stock - After market: 139.5 +1.7 (+1.23%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to ETSY. Although ETSY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
ETSY is part of the Internet & Direct Marketing Retail industry. There are 79 other stocks in this industry. ETSY outperforms 83% of them.
In the last month ETSY has a been trading in the 111.83 - 140.46 range, which is quite wide. It is currently trading near the high of this range.
ETSY has an average volume of 2802330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ETSY did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ETSY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 14.45% 40.74% 32.86% -5.58% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.37 67.01 - 163.84
ETSY Weekly chart
ETSY Daily chart

Support/Resistance Analysis


97.75

141.91
When analyzing the support we can see 6 important areas.
  • A support zone ranging from 127.29 to 128.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 124.25 to 124.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @119.77 from a horizontal line in the weekly time frame.
  • A support zone ranging from 113.92 to 114.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @110.40 from a trend line in the weekly time frame.
  • Support @98.74 from a trend line in the daily time frame.
We can see 2 important resistance areas.
  • Resistance @138.22 from a trend line in the weekly time frame.
  • A resistance zone ranging from 140.49 to 140.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

5

Although ETSY has an excellent technical rating, the quality of the presented setup is not ideal 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.


ETSY Daily chart

ETSY INC137.8

NASDAQ:ETSY (1/27/2023, 7:05:23 PM)+3.26 (+2.42%)

After market: 139.5 +1.7 (+1.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Internet & Direct Marketing Retail

Performance
Today 2.42% 1 Week 4.54%
2 Weeks 4.69% 1 Month 14.45%
3 Month 40.74% 6 Month 32.86%

Volatility
ATR(14) 5.99 ATR(20)% 4.37%
ATR Inc 40.17% Range Today 9.79

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 88.37 Mansfield 2.46
10 Day High 140.46 10 Day Low 127.53
20 Day High 140.46 20 Day Low 111.83
52 Week High 163.84 52 Week Low 67.01
CS1 End 128.96 CR1 Start 138.22

Volume & EV
DER(3) 0.84% DER(5) 0.79%
Volume 3.04M Volume Incr -0.78%
Vol(5) 2.64M Vol(50) 2.80M

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