ETSY INC (ETSY) Stock Technical Analysis
USA - NASDAQ:ETSY - US29786A1060 - Common Stock
64.99 USD
+0.14 (+0.22%)
64.1 USD
-0.89 (-1.37%)
We assign a technical rating of 7 out of 10 to ETSY. ETSY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
ETSY is part of the Broadline Retail industry. There are 28 other stocks in this industry, of which 62% are performing better than ETSY.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
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.
In the last month ETSY has a been trading in the 50.26 - 65.07 range, which is quite wide. It is currently trading near the high of this range.
ETSY has an average volume of 5643820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ETSY is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ETSY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
52.35
67.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.29 to 58.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.42 from a trend line in the weekly time frame.
- Support @52.88 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 65.28 to 65.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @66.43 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 | UP | POSITIVE | The short term trend for ETSY is up. |
| ChartMill Relative Strength | 75.83 | POSITIVE | ETSY has a high relative strength, it outperformed 75.83% 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) | 63.53 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.1 | POSITIVE | The MACD value suggests ETSY has a positive trend. |
| Stochastics (14,3) | 95.43 | OVERBOUGHT | The high Stochastics value suggests ETSY may be overbought. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ETSY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.53 | 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)
64.99
+0.14 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.22%
1 Week10.26%
2 Weeks20.22%
1 Month3.29%
3 Month15.72%
6 Month44.07%
12 Month20.55%
2 Year0.63%
3 Year-35.09%
5 Year-46.57%
10 Year374.73%
15 YearN/A
Volatility
ATR(14)2.84
ATR(20)%4.24%
ATR Inc13.13%
Range Today1.55
ADR(20)2.48
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.83
Mansfield0.95
10 Day High65.07
10 Day Low53.97
20 Day High65.07
20 Day Low50.26
52 Week High70.57
52 Week Low40.05
CS1 End58.54
CR1 Start65.28
Volume & EV
DER(3)0.32%
DER(5)1.03%
Volume6.48M
Volume Incr4.03%
Vol(5)5.97M
Vol(50)5.64M