Etsy, Inc. Stock Forecast
Etsy, Inc. stock price up 3.09% on Wednesday
(Updated on Mar 27, 2024)
The Etsy, Inc. stock price gained 3.09% on the last trading day (Wednesday, 27th Mar 2024), rising from 61.07€ to 62.96€. During the last trading day the stock fluctuated 3.91% from a day low at 60.59€ to a day high of 62.96€. The price has fallen in 6 of the last 10 days and is down by -2.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 290 more shares were traded than the day before. In total, 291 shares were bought and sold for approximately 18.32€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.60% during the next 3 months and, with a 90% probability hold a price between 52.51€ and 65.20€ at the end of this 3-month period.
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3E2.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Etsy, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Etsy, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 66.00€. On a fall, the stock will find some support from the short-term average at 62.89€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Etsy, Inc. stock
Etsy, Inc. finds support from accumulated volume at 61.64€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.37€ between high and low, or 3.91%. For the last week, the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3E2.F) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Etsy, Inc. to open at 62.17€, and during the day (based on 14 day Average True Range), to move between 61.09€ and 64.83€, which gives a possible trading interval of +/-1.87€ (+/-2.98%) up or down from last closing price. If Etsy, Inc. takes out the full calculated possible swing range there will be an estimated 5.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 61.64€ (2.10%) than the resistance at 65.69€ (4.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Etsy, Inc. stock A Buy?
Etsy, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.395 Sell Candidate Unchanged
Predicted Opening Price for Etsy, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
62.17€ ( 1.25%) | 62.96€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3E2.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 64.54 | 2.51 % | |
R2 | 63.63 | 1.07 % | ||
R1 | 63.08 | 0.183 % | ||
Current price: | 62.96 | |||
Support | S1 | 61.26 | -2.69 % | |
S2 | 60.71 | -3.58 % | ||
S3 | 59.80 | -5.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 70.60 | 12.13 % | |
R2 | 65.90 | 4.67 % | ||
R1 | 65.69 | 4.34 % | ||
Current price | 62.96 | |||
Support | S1 | 61.64 | -2.10% | |
S2 | 61.43 | -2.43% | ||
S3 | 61.25 | -2.72% |
FAQ
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