ETSY INC (ETSY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETSY - US29786A1060 - Common Stock
Taking everything into account, ETSY scores 0 out of 10 in our technical rating. ETSY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ETSY is bad and it also does not present a 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
We found 3 important support areas.
- A support zone ranging from 53.08 to 53.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.56 to 52.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @50.16 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 54.23 to 54.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 73.62 to 74.34. 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 | DOWN | NEGATIVE | The long term trend for ETSY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETSY is down. |
| ChartMill Relative Strength | 34.63 | NEUTRAL | ETSY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETSY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETSY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETSY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.76 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests ETSY has a positive trend. |
| Stochastics (14,3) | 22.12 | NEUTRAL | The Stochastics value for ETSY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ETSY suggests some volalility. |
| Average Directional Index/ADX (14) | 31.45 | POSITIVE | The high ADX value value for ETSY suggests a strong trend. |
53.83
-0.84 (-1.54%)
ETSY INC / ETSY FAQ
Can you provide the ChartMill technical rating for ETSY INC?
ChartMill assigns a technical rating of 0 / 10 to ETSY.
What is the current trend direction of ETSY INC (ETSY) stock?
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 38.7612. This indicates that the stock is currently neutral.
What is the buy/sell signal for ETSY INC (ETSY) stock?
The buy/sell signal for ETSY INC (ETSY) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ETSY INC?
ETSY INC (ETSY) has a support level at 53.55 and a resistance level at 54.23. Check the full technical report for our detailed analysis of ETSY support and resistance levels.