Get started
ETSY INC DRNETSY INC DRNETSY INC DRN

ETSY INC DRN

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

E2TS34 trade ideas

The next few days will be interesting You have to put ETSY on your watchlist for the next few days if you haven't already. We are currently trading at a really strong support level if it bounces back, then there is great upside potential (~20%) with a price target: 142.55 In the other case: short it, but first, wait for confirmation. The price target is 99.81 I am not coming from the future nor am I fortune-teller, so I have no idea what is gonna happen. All I can do for you is: collect the signals for the upside/ downside. Upside: >strong support level >Uptrending since Mar. > EMA 20 is above EMA 50 Downside: >Elliott Impulse Wave completed >Stock is tanking while S&P and other indexes are skyrocketing. If you like my analysis, feel free to like my Idea and follow my account
NASDAQ:ETSY
by benedekdomotor
Etsy Inc (NASDAQ:ETSY) Explodes On Covid19 Triggered OpportunityThe Market Signal was created as a platform to help investors, if you own (NASDAQ:ETSY) and want to join the fastest growing community of investors on the web then sign up to the link below. Members get free access to the best investment tools in the world. Start trading like a pro today. This is a limited time offer so click the link below NOW. themarketsignal.com (Click link above or copy, paste and hit enter in your browser for your report) Etsy Inc. (NASDAQ: ETSY) shares have been trading higher ever since the stock bottomed, in the aftermath of the COVID-19-triggered market crash in March. The stock is already up by more than 150% in what is turning out to be a break out year, for the online market place for buyers and sellers. Etsy Outlook The meteoric rise does not come as a surprise as the pandemic has presented a perfect business opportunity for e-commerce platforms. A change in consumer shopping patterns from brick and mortar stores to online has seen the likes of ETSY enjoy a surge in online traffic, leading to an increase in sales. A better than expected second-quarter report coupled by impressive third-quarter guidance is the latest development strengthening Etsy sentiments in the market. The stock has already hit a buy zone with pullbacks emerging as buy opportunities from where bulls have come and continued to push the stock higher. As it stands, ETSY is trading in a steep uptrend and looking extremely bullish. The stock remains well supported for further upside action above the $120 level. Resistance, on the other hand, is seen at $141. A rally followed by a close above the resistance level should pave the way for Etsy to continue powering high. Similarly, a breach of the $121 support level could pave the way for bears to push the stock back to the $100 level, which happens to be the next support level. About ETSY Etsy is an e-commerce company that operates online marketplaces for buyers and sellers. The company offers over 66 million items spread across various retail categories. In addition, it offers seller services such as Etsy payments and advertising platform Etsy Ads. Why is Etsy Rallying - Online Sales Surge Etsy has taken the market by storm in recent months on investors taking note of a unique business opportunity presented by COVID-19. With the pandemic disrupting the retail landscape, Etsy has seen an influx of traffic into its e-commerce platform as people do their shopping online and have items dropped at their doorstep. The online store blew second-quarter financial results affirming the perfect business opportunity presented by the pandemic. Q2 profit more than quadrupled to $96.4 million or 75 cents a share against $18 million or 14 cents reported a year earlier. Etsy has a proven track record of earnings growth with a growth rate of 73.6%. EPS is expected to grow by 50% this year, crashing the industry average of -2.3%. Revenue more than doubled to $429 million from $181 million reported a year ago attributed to an increase in traffic that saw the platform attract more than 18.7 million new buyers. Double-digit earnings growth attests to a company in a phase of robust growth, backed by solid underlying fundamentals. It also affirms the company’s long term prospects amid a change in consumer shopping patterns to online. themarketsignal.com (Click link above or copy, paste and hit enter in your browser for your report) “Our extremely strong second-quarter results, with consolidated GMS and revenue up 146% and 137% respectively, are a testament to the agility of our team, the strength of our brand, the innovation of our sellers, and the unique and special nature of inventory on our core Etsy marketplace,” said Josh Silverman, Etsy, Inc. Chief Executive Officer. An impressive second-quarter report affirms the scalability of the Etsy marketplace model. Backed by a highly variable cost structure and disciplined strategy, the company is in for an impressive year when it comes to revenue and earnings growth. This might as well explain the renewed investor interest in the stock as depicted by the stock powering to all-time highs. Q3 Outlook Etsy has invested a great deal on its brand and market place, positioning itself to be one of the biggest beneficiaries amid a change from offline to online shopping. With events of the past few months triggering a dramatic shift in consumer shopping habits, Etsy remains bullish about its performance going forward Likewise, the company expects its third-quarter revenue to increase by between 85% and 115% to between $366 million and $426 million. Adjusted EBITDA margin, on the other hand, is expected at between $111 million and $127 million, representing an increase of between 28% and 32%. Bottom Line Etsy is poised for an impressive year going by the developments in the aftermath of COVID-19. A shift in consumer shopping patterns from offline channels to online shopping is a development that continues to fuel the company’s e-commerce craft leading to sales and earnings growth. The Brooklyn-based firm niche e-commerce platform is growing steadily, having attracted more than 18 million new customers in the second quarter. Better than expected, second-quarter results depicted by revenue and earnings growth explain why the stock has skyrocketed nearly 200%, crushing the likes of Amazon.com, Inc. (NASDAQ: AMZN) and eBay Inc. (NASDAQ: EBAY). A combination of strong stock performance at the back of favorable technical and improving fundamentals suggests that the stock could continue rallying after the recent spike. Please email or contact us for any edits or errors relating to this stock market news. If you would like information on using our press release distribution service aimed at helping investors with the best stocks to buy and how to create your own stock portfolio. We cover the US Stock Market, Canadian Stock Market, the Australian Stock Market and other Stock Market news.
NASDAQ:ETSY
by Sector_Reports
ETSY Strategy: $125 Entry, Long PT at $150Right now, I'm still guessing an overall long position at ETSY, but think it will continue having some more resistance until reaching the $125 price point prior to retesting. That being said, I think by November, this stock can easily reach $150 for a long PT target. The correlations seem to point to positive support levels overtime. As always, please do your own due diligence. Everything I say is on an opinion based basis. Proceed with caution at your own risk.
NASDAQ:ETSYLong
by gamer456148
ETSY LongETSY a company that is in the business of online shopping and promoting small business (2 great winners during COVID) recently sold off a mild amount. The recent sell-off is one that I believe to be weak and buyers will be able to take this thing to 115 amidst strong market conditions. Those conditions being that the NASDAQ holds key price levels and remains strong, and the FED staying on their course of liquidity in financial markets. After the sell-off ETSY made single prints on the low and sellers couldn't push it down further, that's where the buyers stepped in. After the single prints on the downside, we saw the same on the upside where sellers began to fight back. We are currently trading in a range where if the supply zone (yellow) above is filled with strong buyers we are able to make the move to 115, and as we speak ETSY is accumulating on the tape (strong buyers, buying at all prices). The company is a clear winner of COVID and is moving forward in AI technologies through websites, which is also quite strong. My price target for ETSY is 115, but we must see the sellers lose the battle in the supply zone above.
NASDAQ:ETSYLong
by Zaee9