ETSY INC (ETSY) Stock Technical Analysis
NASDAQ:ETSY - Nasdaq - US29786A1060 - Common Stock - Currency: USD
Taking everything into account, ETSY scores 2 out of 10 in our technical rating. ETSY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ETSY is a bad performer in the overall market: 72% of all stocks are doing better.
ETSY is part of the Broadline Retail industry. There are 28 other stocks in this industry, of which 62% are performing better than ETSY.
In the last month ETSY has a been trading in the 49.15 - 64.97 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ETSY has an average volume of 5799040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ETSY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETSY is lagging the market.
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.
More info and screens
49.65
65.93
When analyzing the support we notice one important area.
- Support @50.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 56.17 to 56.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 62.70 to 62.76. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ETSY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETSY is down. |
| ChartMill Relative Strength | 28.75 | NEGATIVE | ETSY has a low relative strength, it was outperformed by 71.25% off all stocks 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) | UP | MIXED | The current price of ETSY is below the rising 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) | 38.37 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests ETSY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.55 | OVERSOLD | The low Stochastics value suggests ETSY may be oversold. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ETSY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for ETSY suggests a strong 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)
50.16
-0.48 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.95%
1 Week-6.97%
2 Weeks-10.41%
1 Month-9.38%
3 Month12.92%
6 Month-6.94%
12 Month-14.18%
2 Year-40.72%
3 Year-31.48%
5 Year-52.78%
10 Year257.01%
15 YearN/A
Volatility
ATR(14)2.3
ATR(20)%4.78%
ATR Inc-32.15%
Range Today1.8
ADR(20)2.31
ADR(20)%4.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.75
Mansfield-1.11
10 Day High56.53
10 Day Low49.15
20 Day High64.97
20 Day Low49.15
52 Week High66.81
52 Week Low40.05
CS1 End50.62
CR1 Start56.17
Volume & EV
DER(3)0.81%
DER(5)0.31%
Volume4.03M
Volume Incr-25.11%
Vol(5)5.39M
Vol(50)5.80M