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Etsy's Bearish Momentum Signals Further Downside RiskNASDAQ:ETSY shares tumbled 5% to $47.11 following a downgrade from Goldman Sachs to "Sell" with a price target cut to $45 from $70. The technical outlook is weak across both daily and 4-hour timeframes, signaling further downside risk. Daily Technical Overview: Oscillators: Indicators like the Stochastic %K (6.31) and Momentum (−5.92) suggest a brief potential for a small rebound, but most oscillators, including the RSI (35.75), remain in neutral territory. Moving Averages: Both the exponential and simple moving averages across all timeframes (10-day to 200-day) signal "Sell," confirming bearish momentum. MACD: The MACD level (-1.32) is in the "Sell" zone, indicating weakening momentum. 4-Hour Technical Overview: Oscillators: While some short-term oscillators like the Commodity Channel Index (−121.12) and Momentum (−1.58) suggest minor buying pressure, the overall trend is still neutral to bearish. Moving Averages: All key moving averages on the 4-hour chart indicate "Sell," confirming sustained downward pressure in the short term. Outlook: With both daily and short-term technicals pointing to continued weakness and Goldman Sachs lowering its price target, the risk of further decline is high. The stock is trading below critical support levels, with little to suggest a reversal is imminent. Disclaimer: This content is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
NASDAQ:ETSYShort
by CF_444
AAVE Price too BEARISHThe Aave price analysis shows a bearish trend today The resistance for AAVE/USD is present at $73.01 Support for AAVE/USD is found at $71.33 The Aave price analysis is directing that the cryptocurrency has undergone loss once again during the last 24 hours. That is because the bears are once again powering through after a small bullish interruption. The bears have caused a decrease in the price up to the $72.25 level and have been able to retain their position as the leading party. More sellers are causing the price to downgrade further and have defeated the buyers in their attempt at revival. The Aave prices have found some support around $71.33 but it remains to be seen if this will be enough to turn the tide in favor of the bulls. For now, the bears are in control of the Aave markets and may continue to push prices lower in the near term. Final appraisal of the Ave price Aave price analysis indicates that today has also seen bearish behavior. The price levels have decreased to $72.25; this is a considerable loss for the market value of cryptocurrencies. Although the bulls attempted to recover in the most recent hours, their efforts were in vain as the price fell today. Only if the support at the $71.33 level is maintained can price levels be kept stable.
KRAKEN:AAVEUSDLong
by IPatrice
Is Facebook Flying a Bearish Flag?Facebook gapped lower on a poor earnings report two weeks ago. It's staggered there since as the rest of the market rebounded, and now the technicals may be pointing lower. The first big pattern is a potential bearish flag following the January 30 drop. The direction of movement was lower, so a continuation pattern like a bear flag could point toward another leg down. Next, the bearish flag has taken shape along the 50-day simple moving average (SMA). The key line tried to give some support but now that could be fading after two weeks of consolidation. Third, FB's recent move above $220 could be viewed as a false breakout compared to the July 2018 peak. That creates potential for distribution (otherwise known as "selling") if recent buyers near the highs lose confidence. The news has already been shifting in that direction because FB's performing the opposite of many other big technology firms like Apple , Amazon.com and Microsoft . They're all delivering in key growth areas (services, AWS, Azure). Even companies like International Business Machines and Twitter are showing signs of a turnaround. FB, on the other hand, is struggling to grow as regulatory pressures increase. A big downgrade from Pivotal Research yesterday also raised questions about ad revenue. The current setup also has a potential level for risk management, with bears able to use the 50-day SMA as their pain threshold. To the downside, $200 could be the next line to watch.
NASDAQ:METAShort
by TradeStation
Home Depot downgraded from 'buy' to 'neutral' Home Depot was downgraded ... it's already down about 1.3% pre-market. Looking at the 4 hour chart, HD has been in an ascending channel since December of last year. It recently bounced off channel resistance, and this downgrade might cause it to fall to channel support. In addition to the channel, notice that the RSI is overbought. Combine all that with the downgrade, and this might be a good shorting opportunity. I may purchase a couple put options and ride them down for a week or two.
NYSE:HDShort
by Bankuur
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