QuickTrade 191 : ETSYIn case of break...
Long, looking for a bullish test of the 21h on the 50h
Short, looking for a bearish cross of the 21h on the 50h
E2TS34 trade ideas
ETSY LONGThis channel is still holding up even with this last move down all the way into the $60's. ETSY's next Wave up is going to be strong and not looking to stop. I see this one going to the 1.618 level before pulling back for another entry. I am still keeping an eye out for the fib level 1 which could be the C-wave.
$ETSY: Monster base!I like the setup in $ETSY here, suggesting a massive bottoming pattern is active. The signal suggests a rally towards $150 to $224 by the week starting on Jan 23rd 2023 or sooner will take place as long as the stock holds up and moves steadily higher instead of going back below $101.12, nullifying the breakout from 'fair value'. Valuation is substantially lower now, with PSR reaching levels not seen since 2020 lows, and although loss making in the last quarter, ESP TTM shows the company is profitable. Revenue growth slowed down since 2019 but the trend for revenue is clearly up. Free cash flow yield of 4.5% vs market cap is not bad for such an emerging growth name. Definitely interesting here!
Best of luck,
Ivan Labrie.
Use your LOG chartsHey all, here's how I charted ETSY on the LOG chart;
I am of the opinion that these log trendlines are obvious and are what institutions are using to find their entries and exits on this name. Certain names trade very cleanly on the LOG chart, especially when you zoom out.
Use your LOG charts guys. I insist you practice with previous bull markets on $NDX/$QQQ, and try your luck charting $DOCU, $ZS, and $ARKK all on log scale charts. These all trade very cleanly on log charts, in my opinion, and I am confident institutions are using them to time these names.
ETSY - Worst is probably behind usETSY is now trading way above it's June's low, which means it has good relative strength compared with the S&P500. Even so, it could still be volatile, having 61.8% since hitting a swing high (B) on 16 Aug.
It has been trading in a downward channel (extended "flag") for the past 6 weeks and it looks like an eventual break above this "flag" cold be near . When it does (break up), it will be further validation that this stock is on it's way to recovery.
Then again, we just never know if FED will come in again to pull the brakes. Hence , be optimistic but also realistic and have a stop loss in place.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Etsy Drifts as the Market FallsMany tech and e-commerce stocks have made new 52-week lows recently as the market slides. Etsy has been an exception, but will that remain the case?
The first pattern on today’s chart is the relatively tight descending channel that’s formed since mid-August. ETSY now finds itself between the 50-day simple moving average (SMA) and 100-day SMA. Its failure to hold the 50-day SMA suggests its intermediate-term uptrend is fading. A break below the 100-day SMA could indicate sellers taking control over the longer-term.
Next, Bollinger band width recently contracted to its narrowest reading of the year, but has widened in the last two weeks. That could signal prices are starting to move again. (Notice how band width also anticipated the big slide in January.)
Finally, MACD has been working lower for more than a month.
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Bullish Flag on the daily chartThe problem with a bullish pattern in a bearish environment is that even if it is a textbook pattern, it can easily be destroyed.
Etsy paints us a textbook "Bull Flag" on the daily chart, but...
We have a few problems.
Firstly, today's green candle is extremely low volume.
Second, there is a strong resistance above (101.92).
Third, the RSI is still tanking.
On the other hand, MACD is showing a regular divergence, which is bullish.
If we can rise above the 101.92 level and hold it, a breakout is possible.
Support: 96.78
Resistance: 101.92, 109.73, 118.77
QuickTrade n. 77 : ETSYLong : Looking for a test on the 250h
Short: Looking for a continuation of the confirmed breakdown of the 250h
Somethin like thatI heard ETSY was involved in some nasty stuff, reminds me of Wafair back in the day *cough*
We headed to 105-109 over next 2 weeks on a wave 4 then up toward mid 130s to complete wave 5
Trash is trash
ETSY, Another successful prediction using Elliott waves !It was unbelievable talking about 70 USD as a major low when it was at 166 USD or even at ATH (See related ideas) ! however we predicted it carefully and time proved the power of our analysis.
Also I warned about possibility of a major fall when it was near ATH as my worst case scenario :
This is not to give myself a compliment ( Although some may believe I deserve it) . This is to provide you an example which shows the power of Elliott waves for major predictions ,of course, if used correctly.
Please note I do not claim that predicted upside move began from last major low will continue and it will not make a new major low. As written in the chart, there are some alternative scenario for now. For example a wave X can be formed which connects two corrective patterns however, as amount of Retracement in ETSY is enough and acceptable there may be a time correction in future considering general market condition.
And please note this is not a LONG position recommendation since ETSY is now far from last major low ( Although it may go higher) If you are going to open a long position in this stock it is wise to wait for a major correction and Retracement. It is worth to keep in mind usually wave 2s Retrace much of wave 1. This means if being patient enough ETSY can be bought in lower prices.
Good luck everybody.
$ETSY making bullish move!Several e-commerce companies and apparel space trading higher amid overall market strength following the senate's passage of the inflation reduction act and last weeks job numbers showing better than spected. which lifted the economic sentiment.
with that being said, $ETSY got lifted up along with the other retail stocks as the market pushed up last week. ESTY momentum slows down a bit as the market pull back today. but overall the technicals still look bullish . buyer still looking strong in longer time frame. but momentum slows down a bit.
here my price target for ETSY for TUESDAY 08/09/22.
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For calls; buy above $114.25 and sell at 116.25 or above
For puts, buy below 111.20 and sell at 108.52 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
NASDAQ:ETSY
ETSY - bullish divergence on monthyETSY hit a low on 24 May @ 67 and attempted to test this low again on 16 Jun, at this low, it has retraced 78% of it's peak in Nov 2021 and nearly 88% fib retracement of it's AB swing.
It has been consolidating in a sideway range between 67-88 in the past 6 weeks and we are now seeing a possible bullish divergence with the RSI on it's monthly chart.
A close above this range at 95 could be a good sign. That said, the market could still be volatile in the weeks ahead until we have more clarity of a market bottom. Any dip buying at this time could still be risky.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Rectangle3 year low is 29.95. Short interest is 13.79% which for me is on the high side.
Earnings 7-27 AMC.
Retail seems to be having issues as of late.
No recommendation.
ES= Entry short with a clean break of the lower trendline
EL= Entry long with a break of the upper trendline.
ETSY options ahead of earnings If you haven shorted ETSY here:
Looking at the ETSY options chain today, i would buy the $60 puts with
2022-11-18 expiration date for about
$3.35 premium.
Looking forward to read your opinion about it.
WATCH $ETSYBullish
Fundamental
- High inflationary Macro environment / no fear sentiment
- Funds not Accumulation
- Decent PE
- Positive PEG
- Decent P/FCF
- Bottom Sector / Industry / Leader
- Stock price attractive but seems like business model might not be attractive for the coming inflationary environment but again, it might help for small businesses to cope!
Technical
- Momentum Theory Indicator - waiting for momentum to bottom out
- Very attractive R/R long term uptrend
- Price action formation ( falling wedge )
- Broke Trend line
- Below 200MA
- Supported by POC
- ST not ok
- No bullish Candlestick pattern / formation yet
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"Why be mediocre when excellence is an option"
Cheers and happy trading!
We predicted the strong fall possibilty on 4th Nov 2021 !How amazing we were aware of possibility of the strong collapse in ETSY stock on 4 NOV 2021 by means of Elliott waves! ( see the worst case scenario below ):
ETSY has completed a long term 5 wave up going cycle and now is correcting it.
The Whole Correction may end at 156 ( Which I give very low probability based on wave forms), 121 or even 70 USD ! It may seems somehow unbelievable or even ridiculous talking about 70 USD at the moment. Although the correction cycle may end at 121 at 0.618 golden ratio of the whole up going cycle, Retracement to 0.786 level (70 USD) is not uncommon for a large cycle wave two.
We are prepared in advance to catch long term profit from this stock at the end of correction. I am going to propose another unbelievable target for next long term bull run ! ETSY will see prices around 600 or even higher in up coming years !
Good luck every one and wish you all the best.
ETSY, Best and Worst Case Scenarios, General Overview of stock!Best and Worst case scenarios for ETSY stock is shown on the chart in order to get general insight about the position of ETSY inside larger wave cycle as promised in related idea.
All the detail about current position of stock and LONG and SHORT opportunities are explained in related published idea so, I refer those who want to make profits to that publication.
Good luck my friends.
Etsy will be Long for the next yearsThe statistics are between $112 - $141 (1 Year)
Why not wait because many people are opening their Businesses on Etsy.
It's more personal from Seller to Client.
Etsy is testing a virtual program.
An example; The product you like can be seen in your Home, where you point the camera.
This and a lot more.
So I believe it will grow and find a Higher High at around $340 in 5 years.
$ETSY with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $ETSY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
Long Investment with ETSY. What do you Think?I share TWO of my IDEAS!
1. First Option (1 YEAR)
It is done by looking at the Financial Health, Historical DATA and
calculating its Fair Value Today
2. Second Option is a Longterm Investment. That depends on the Market and Growth of Etsy
Disclaimer;
NO ADVICE TO INVEST and TRADE SAFE!
ETSY - Megaphone StructureETSY can show signs of a megaphone structure
Once the strong bottom trend line is tested price may show a sharp reversal
