$ETSY On Watchlist
Strong reversal on Friday on high volume , lets see today id the Covid stocks will regain market dominance again.
Potential long if lows are tested and holds.
E2TS34 trade ideas
$ETSY Chart Analysis, Possible Day trade
No major buy signals here yet, stock is trapped between
2 well defined pivot points and until broken this is purely
day trade | scalp material.
Bulls need to get back above $115
Bears will hope to at least hit the 100ma @ $100
Oversold, signaling reversal with upcoming catalystOn Aug 28th this signaled a reversal demonstrating a similar pattern, oversold after two red days with a long-legged Doji candle, indicating this pattern may result in upside again. Support below can be used as entry upon re-test, short-term resistance above can be used for profit targets upon rejection. Fibs drawn are a retracement of the recent move high to low. Above the 0.5 fib is particularly bullish with targets above. Note the upcoming catalyst, inclusion on the S&P 500 slated for 9/21.
ETSY Buy at $117.10 and sell at 2% close of 10WMAEtsy will be added to the S&P500 on September 21st. This puts more eyes on ETSY, a website where mom and pop can sell goods online. History tells us that stocks tend to fall after they are added to the index for the first few days but tend to be up for the next few days after the announcement. As you see on the weekly chart it is a sell signal but there is a caveat there could be a high volume breakout through the 10WMA moving average and keep going past the $129.94 high next week would make this stock a buy. Looking at the after hours it has already gapped up past the 10WMA and might be on the way to past $129.94. Once it gets past I would like to see no more pull back to the 10WMA. Sideways/Up action would be find as long as it is away from the 10WMA. If it hit and closes 2% below the 10WMA then it is time to see. We shall see though. Becareful of the overall market there are signs of weakness. Fundamentals look great as shown below:
Quarterly Sales
DEC-19: -22%
MAR-20: -58%
JUN-20: 436%
Yearly EPS
2018: .61
2019: .76
2020: 1.93
2021: 2.18
Management 4% ownership
ETSY$ETSY Gave us two nice Breakout Trade Set ups last two callouts with great gains.
Like this potential set up as price traded off the 89 EMA with momentum
on friday as well as out of a zone. $ETSY also got added to the S&P 500 Friday.
$ETSY Inc Potential Targets
Inclusion into the SP500 could lead to a nice rally on Tuesday. The stock moved 5% after-hours.
Levels to consider as resistance.
$117.00 50MA
$117.76 Fib .382 dead cat bounce level.
$122.30 Previous Rising uptrend (blue) & previous pivot point.
Market stability is needed for any sustained rally higher.
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etsyfell to super strong support, there is no reason not to buy except the election
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ETSY - Long to $123 and $132A great news for ETSY gets into S&P500. What's next guys?
This news may bring a large options, buyers ETSY.
Alright, there are FA. So, how about TA?
I tried looking through D1 and realized there is 1 clear pin bar candle.
It rejected a price cut across the Demand Zone.
Combined with RSI on H4 indicates a reversal signal.
I think this is a good time to enter a Long position with targets of $123 and $132 in this September.
Disclaimer!
ETSY to $92 or $130ETSY being added to the S&P will provide give it some momentum that should easily break this current downtrend. I am however bearish on this market still and think post labor day when the smart money comes back, we start selling even more. It does also appear that ETSY could end up creating a H&S pattern that over time would send it down to around $60
Oversold, possible reversal for $ETSYSlowSto oversold, bouncing off the 34 day EMA, looks to go upward from here towards fib targets above. Fib support at the dashed line, looks like a safe entry above should it hold it, a retest would confirm.
ETSY - Nearing Supports!With confluence of supports (trendline, horizontal and fibonacci retracement) between 114-115 and a bullish divergence forming. it looks ripe to long for a rebound soon with initial stop @ 13.80. If trade goes our way I would trail stops up and look to scale out around 140, 148 and 156
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
ETSY (waiting for a reversal) Appears that its on a down cycle (rotating down with a few other similar stocks)
I am waiting for it to reach closer to its support $115 mark.
I am also watching to see the MACD cross back over to the upside and RSI to start picking up momentum. Todays activity shows a morning doji on the daily chart which may signal a reversla that can be confirmed tommorow. If that is the case, I will not enter trade. Waiting for more bullish signs and for it to reach a bottom in its present channel.
Etsy Has Deepest Pullback Since its Rally BeganE-commerce has grown dramatically in the era of coronavirus, as most traders know. A lot of the attention has obviously focused on the big names like Amazon.com, but smaller player Etsy has risen even more.
ETSY crushed forecasts the last time it reported on August 5, with revenue more than doubling from the previous year. The stock ran into the news and then drifted lower. It’s now approaching some interesting levels.
First, ETSY’s low today of $116.63 is slightly above its early-July peak. Second, it’s barely $1 above the 50-day simple moving average. That’s the closest it’s gotten to the 50-day SMA since early April. The shares are also oversold based on stochastics.
Given the short-term weakness, traders may wait a little longer before doing much with ETSY. There could also be opportunities nearer $110 if there’s one final push to the downside.
Still, ETSY’s been a very strong name in an important corner of the market. It may be time to start watching it around these levels.
