ETSY INC (ETSY) Stock Technical Analysis
NASDAQ:ETSY - Nasdaq - US29786A1060 - Common Stock - Currency: USD
Overall ETSY gets a technical rating of 3 out of 10. In the past year, ETSY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ETSY is a bad performer in the overall market: 76% of all stocks are doing better.
ETSY is part of the Broadline Retail industry. There are 31 other stocks in this industry, of which 66% are performing better than ETSY.
ETSY is currently trading in the lower part 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.
ETSY has an average volume of 4550460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month ETSY has a been trading in the 41.51 - 50.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ETSY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
42.09
52.20
2 important support areas can be observed.
- A support zone ranging from 43.59 to 44.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.52 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 47.61 to 47.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 49.87 to 50.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.68 from a trend 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 | DOWN | NEGATIVE | The long term trend for ETSY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETSY is up. |
| ChartMill Relative Strength | 24.61 | NEGATIVE | ETSY has a low relative strength, it was outperformed by 75.39% off all stocks 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) | UP | POSITIVE | The current price of ETSY is above 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) | 56.38 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ETSY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.08 | NEUTRAL | The Stochastics value for ETSY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ETSY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.62 | NEGATIVE | The low ADX value for ETSY suggests a weak or negative 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)
47.6
-0.36 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.75%
1 Week1.23%
2 Weeks1.41%
1 Month3.79%
3 Month-7.14%
6 Month-8.99%
12 Month-21.48%
2 Year-41.27%
3 Year-41.32%
5 Year-41.22%
10 Year184.01%
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%3.9%
ATR Inc-7.34%
Range Today1
ADR(20)1.79
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.61
Mansfield-1.23
10 Day High50.1
10 Day Low45.75
20 Day High50.1
20 Day Low41.51
52 Week High66.93
52 Week Low40.05
CS1 End44.22
CR1 Start47.61
Volume & EV
DER(3)-1.4%
DER(5)0.08%
Volume3.05M
Volume Incr-28.42%
Vol(5)3.62M
Vol(50)4.55M