ETSY INC (ETSY) Stock Technical Analysis
USA - NYSE:ETSY - US29786A1060 - Common Stock
71.91 USD
+1.5 (+2.13%)
71.96 USD
+0.05 (+0.07%)
Overall ETSY gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETSY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ETSY did better than 86% of all other stocks.
ETSY is part of the Broadline Retail industry. There are 28 other stocks in this industry. ETSY outperforms 70% of them.
ETSY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETSY is lagging the market slightly.
ETSY has an average volume of 6000870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ETSY has a been trading in the 59.19 - 76.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ETSY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 68.73, a Stop Loss order could be placed below this zone.
More info and screens
52.22
75.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 67.91 to 68.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.30 from a trend line in the weekly time frame.
- Support @54.69 from a trend line in the daily time frame.
- Support @52.75 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @72.38 from a horizontal line in the weekly time frame.
- Resistance @74.34 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ETSY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETSY is up. |
| ChartMill Relative Strength | 86.86 | POSITIVE | ETSY has a high relative strength, it outperformed 86.86% 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) | UP | POSITIVE | The current price of ETSY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.68 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ETSY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.79 | NEUTRAL | The Stochastics value for ETSY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for ETSY suggests high volalility. |
| Average Directional Index/ADX (14) | 30.19 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 72.39 | 67.90 | 4.49 (6.20%) | 16.12% |
| An entry @72.39. This is a Buy Stop order right above the resistance zone. | An exit @67.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.49 points, which is 6.20%. | For a 1.00% total portfolio risk, you can invest 16.12% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ETSY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
71.91
+1.5 (+2.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg2.13%
1 Week0.66%
2 Weeks8.31%
1 Month21.04%
3 Month20.57%
6 Month62.88%
12 Month39.47%
2 Year15.43%
3 Year-23.43%
5 Year-40.86%
10 Year559.73%
15 YearN/A
Volatility
ATR(14)4.56
ATR(20)%5.57%
ATR Inc-8.11%
Range Today5.45
ADR(20)3.73
ADR(20)%5.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.86
Mansfield2.01
10 Day High76.52
10 Day Low66.36
20 Day High76.52
20 Day Low59.19
52 Week High76.52
52 Week Low40.05
CS1 End68.73
CR1 Start72.38
Volume & EV
DER(3)-2.54%
DER(5)-0.92%
Volume3.16M
Volume Incr-49.37%
Vol(5)3.59M
Vol(50)6.00M