ETSY INC (ETSY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETSY - US29786A1060 - Common Stock
Overall ETSY gets a technical rating of 1 out of 10. ETSY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 53.08 to 53.84. 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 51.91. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 54.23 to 54.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 73.66 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 | 48.14 | 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) | UP | MIXED | The current price of ETSY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.11 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ETSY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.45 | OVERSOLD | The low Stochastics value suggests ETSY may be oversold. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for ETSY suggests high volalility. |
| Average Directional Index/ADX (14) | 30.93 | POSITIVE | The high ADX value value for ETSY suggests a strong trend. |
54.22
+0.06 (+0.11%)
ETSY INC / ETSY FAQ
Can you provide the ChartMill technical rating for ETSY INC?
ChartMill assigns a technical rating of 1 / 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 39.1084. 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 53.84 and a resistance level at 54.23. Check the full technical report for our detailed analysis of ETSY support and resistance levels.