ETSY INC (ETSY) Stock Technical Analysis
NASDAQ:ETSY - US29786A1060 - Common Stock
57.39 USD
-5.27 (-8.41%)
57.9907 USD
+0.6 (+1.05%)
We assign a technical rating of 5 out of 10 to ETSY. In the last year, ETSY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
ETSY is part of the Broadline Retail industry. There are 28 other stocks in this industry, of which 66% are performing better than ETSY.
In the last month ETSY has a been trading in the 55.33 - 70.57 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ETSY has an average volume of 5604150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ETSY turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
ETSY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETSY is lagging the market.
ETSY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
49.65
59.12
When analyzing the support we can see 2 important areas.
- Support @55.66 from a trend line in the daily time frame.
- Support @50.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.40 to 58.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ETSY is neutral. |
| ChartMill Relative Strength | 48.66 | 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 | POSITIVE | The current price of ETSY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.73 | NEUTRAL | The RSI value for ETSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests ETSY has a negative trend. |
| Stochastics (14,3) | 37.14 | NEUTRAL | The Stochastics value for ETSY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for ETSY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.22 | NEUTRAL | The ADX value for ETSY suggests a possible start of a new 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)
57.39
-5.27 (-8.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-8.41%
1 Week-11.65%
2 Weeks-7.09%
1 Month-8.54%
3 Month3.69%
6 Month12.11%
12 Month4.17%
2 Year-21.99%
3 Year-45.66%
5 Year-52.06%
10 Year300.49%
15 YearN/A
Volatility
ATR(14)3.03
ATR(20)%5.8%
ATR Inc26.39%
Range Today4.53
ADR(20)3.09
ADR(20)%5.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.66
Mansfield-0.07
10 Day High70.57
10 Day Low57.37
20 Day High70.57
20 Day Low55.33
52 Week High70.57
52 Week Low40.05
CS1 End55.66
CR1 Start57.4
Volume & EV
DER(3)1.4%
DER(5)-1.05%
Volume7.94M
Volume Incr-22.41%
Vol(5)4.65M
Vol(50)5.60M