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$291.38 (-1.86%)

Volume: 2M

Closed: Nov 26, 2021

Hollow Logo Score: 3.314

Etsy Stock Forecast

$291.38 (-1.86%)

Volume: 2M

Closed: Nov 26, 2021

Score Hollow Logo 3.314
Which way will ETSY go? Request
Stop-loss: $278.54 (-4.41%)
Key Stats
P/E Ratio 76.88
Beta 1.54
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 65 and the stock is currently not being overbought or oversold

Weaker technical forecast for Etsy as stock downgraded to Buy Candidate.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-18 Gain 27.80%

The Etsy stock price fell by -1.86% on the last day (Friday, 26th Nov 2021) from $296.91 to $291.38. During the day the stock fluctuated 6.02% from a day low at $290.27 to a day high of $307.75. The price has risen in 7 of the last 10 days and is up by 15.02% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 2 million shares were bought and sold for approximately $517.08 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $298.13 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 34.63% during the next 3 months and, with a 90% probability hold a price between $326.49 and $401.37 at the end of this 3-month period.

Signals & Forecast

The Etsy stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $287.72 and $251.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $271.27 and $252.57. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Etsy finds support just below today's level at $271.27. If this is broken, then the next support from accumulated volume will be at $252.57 and $239.62.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $17.48 between high and low, or 6.02%. For the last week, the stock has had a daily average volatility of 6.17%.

Our recommended stop-loss: $278.54 (-4.41%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 days ago.)

Is Etsy stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Etsy stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.314

Predicted Opening Price for Etsy of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$296.47 $291.38 (Undervalued)
Buy Candidate Downgraded

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Analyst Ratings

On Nov 24, 2021 "Citigroup" gave "$245.00 - $320.00" rating for ETSY. The price target was set to $294.30+5.3%.

Volatility and Risk
Daily Average Volatility: 6.17 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.17 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $294.38
Price: $291.38
Support: $271.27

ETSY Insider Trading Show all Trades

INSIDER POWER

0.427

Last 100 transactions
Buy: 150 142 | Sell: 351 639 (Shares)
Date Action Amount Person Type
Nov 16, 2021 Sell 3 500 Moskowitz Raina Employee Stock Option (Right to Buy)
Nov 16, 2021 Sell 6 000 Moskowitz Raina Employee Stock Option (Right to Buy)
Nov 16, 2021 Sell 3 500 Moskowitz Raina Common Stock
Nov 16, 2021 Buy 3 500 Moskowitz Raina Common Stock
Nov 16, 2021 Sell 1 500 Burns M Michele Director Stock Option (Right to Buy)
Show all Insider Trades
INSIDER POWER

0.427

Last 100 transactions
Buy: 150 142 | Sell: 351 639 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 313.95 7.74 %
307.27 5.45 %
303.14 4.04 %
Current price: 291.38
Support 289.79 -0.55 %
285.66 -1.96 %
278.99 -4.25 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
296.91 1.90 %
294.38 1.03 %
Current price 291.38
Support 271.27 -6.90%
252.57 -13.32%
239.62 -17.76%

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About Etsy

Etsy Etsy, Inc. operates a marketplace to make, sell, and buy goods online and offline worldwide. The company through its technology-based platform connects a community of sellers and buyers. Etsy sellers offer goods in various online retail categories, including jewelry, stationery, clothing, home goods, craft supplies, and vintage items. The company was founded in 2005 and is headquartered in Brooklyn, New York.... Read more

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