RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ETSY
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Etsy stock downgraded to Sell Candidate
(Updated on Feb 26, 2024)


Sell candidate since Feb 26, 2024 PDF
The Etsy stock price fell by -2.73% on the last day (Monday, 26th Feb 2024) from $73.98 to $71.96. During the last trading day the stock fluctuated 3.55% from a day low at $71.91 to a day high of $74.46. The price has been going up and down for this period, and there has been a -7.85% loss for the last 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 -4 million shares and in total, 4 million shares were bought and sold for approximately $289.59 million.

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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 -11.21% during the next 3 months and, with a 90% probability hold a price between $56.61 and $70.69 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

ETSY Signals & Forecast

There are few to no technical positive signals at the moment. The Etsy stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $74.84 and $73.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -8.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Support, Risk & Stop-loss for Etsy stock

Etsy finds support from accumulated volume at $70.62 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 $2.55 between high and low, or 3.55%. For the last week, the stock has had daily average volatility of 5.05%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ETSY) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Etsy to open at $72.78, and during the day (based on 14 day Average True Range), to move between $68.41 and $75.51, which gives a possible trading interval of +/-$3.55 (+/-4.93%) up or down from last closing price. If Etsy takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $72.62 (0.92%) than the support at $70.62 (1.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Etsy stock A Buy?

Etsy holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.260 Open Broker Account

Sell Candidate Downgraded

Predicted Opening Price for Etsy of Tuesday, February 27, 2024

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

Fair opening price February 27, 2024 Current price
$72.78 ( 1.13%) $71.96

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 75.33 4.68 %
R2 74.35 3.32 %
R1 73.75 2.49 %
Current price: 71.96
Support S1 71.80 -0.219 %
S2 71.20 -1.06 %
S3 70.23 -2.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 83.97 16.69 %
R2 73.98 2.81 %
R1 72.62 0.92 %
Current price 71.96
Support S1 70.62 -1.86%
S2 68.32 -5.06%
S3 67.86 -5.70%
What is the symbol for Etsy Stock and on which exchange is it traded?
The symbol for Etsy is ETSY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Etsy Stock?
Etsy holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Etsy Stock?
Etsy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Etsy Stock.

What's the current price of Etsy Stock?
As of the end of day on the 2024-02-26, the price of an Etsy (ETSY) share was $71.96.

What is the 52-week high and low for Etsy Stock?
The 52-week high for Etsy Stock is $124.40 and the 52-week low is $58.25.

What is the market capitalization of Etsy Stock?
As of the 2024-02-26, the market capitalization of Etsy is 8.859B.

When is the next earnings date for Etsy?
The upcoming earnings date for Etsy is May 01, 2024.

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About Etsy

Etsy Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique item... ETSY Profile

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