ETSY INC (ETSY) Stock Technical Analysis
NASDAQ:ETSY - Nasdaq - US29786A1060 - Common Stock - Currency: USD
Overall ETSY gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ETSY is only an average performer.
The long and short term trends are both positive. This is looking good!
ETSY is part of the Broadline Retail industry. There are 28 other stocks in this industry. ETSY outperforms 70% of them.
ETSY has an average volume of 5596670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ETSY did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ETSY is currently trading in the middle 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 slightly.
In the last month ETSY has a been trading in the 46.33 - 64.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher 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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
51.49
64.53
We found 3 important support areas.
- A support zone ranging from 55.20 to 55.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.88 from a horizontal line in the daily time frame.
- A support zone ranging from 52.01 to 52.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.82 to 63.89. 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 | 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 | 73.21 | POSITIVE | ETSY has a high relative strength, it outperformed 73.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETSY is below 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) | 54.3 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.91 | NEGATIVE | The MACD value suggests ETSY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.88 | NEUTRAL | The Stochastics value for ETSY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for ETSY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.56 | 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)
56.16
+0.86 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.56%
1 Week-5.28%
2 Weeks-10.46%
1 Month20.8%
3 Month24.5%
6 Month-1.14%
12 Month-6.66%
2 Year-33.62%
3 Year-23.29%
5 Year-47.13%
10 Year299.72%
15 YearN/A
Volatility
ATR(14)2.52
ATR(20)%4.31%
ATR Inc-45.65%
Range Today0.96
ADR(20)2.3
ADR(20)%4.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.21
Mansfield0.24
10 Day High64.97
10 Day Low53.79
20 Day High64.97
20 Day Low46.33
52 Week High66.81
52 Week Low40.05
CS1 End55.98
CR1 Start63.82
Volume & EV
DER(3)0.64%
DER(5)0.79%
Volume6.41M
Volume Incr29.97%
Vol(5)7.97M
Vol(50)5.60M