ETSY trade ideas
ETSY Correction Time to BuyEtsy has an fantastic business model of Anti Amazon and Millenials and GenZ are flocking to it. If you look at their last IR Preso it seems they are dominating in Craft, Reused Fashion, and Reused Furniture market. Resales Market will heat up as Inflationary signals take place. Current pressure Amazon and only Amazon. Currently stock did a correction to 160's and its time to buy a few to get in the game. If stock crosses 180's its bound to be at 209 in Jul 21.
ETSY reversal in motion?ETSY Daily TF
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Analysis
Etsy holding a strong support trendline with a gap to fill at 181.61. Convertible offering yesterday caused the stock to drop nearly 4% after hours. However, $ETSY was quickly bought up today and closed strong above yesterdays (6/8/2020) close. Getting close to crossing the 20d ema and looking primed to retest that downtrend resistance line. Ideally would like to see a strong push over 175 and hold for continuation. Long Term outlook is looking stronger with recent acquisition of Depop.
Targets: 181, 190+
Key Levels
Support: 162, 153.86
Resistance: 172.58, 175.50, 181
Trade Ideas
1. Shares
2. 1-2+ week out calls (atm/ otm)
Etsy $etsytook a trade today 162 to 164. i will buy again at 162 if it touches it.
2.25/1 risk reward. buy zone. stop and target posted
Diamond TopThere are several ways to estimate targets for this pattern. The white lines show two ways, and there is no way to know for sure when buyers will come back in.
A diamond top is more often than not, a bearish, trend reversal, chart pattern.
A diamond top is formed by two symmetrical triangles, so forming a diamond. It is often a lopsided diamond.
A diamond top has to be preceded by a bullish trend. This pattern marks the exhaustion of the buying current and investor indecision.
Volatility and oscillations increase in the first half of the pattern (i.e. in the symmetric broadening wedge pattern); then decrease in the second half of the pattern (i.e. in the symmetric triangle).
A diamond top’s price objective is calculated by plotting the minimum height of the diamond at the exit point. Some would treat it as an ugly top and find the neckline.
Sometimes the exit movement is as fast as the upward movement that preceded it.
No recommendation.
I am not sure what earnings were exactly, but I am not sure ETSY ever had a chance right now in the current market conditions. )o:
Price is below the lower bollinger band with the moving average set on 80 verses 20.
ETSY must retake the 200As title, ETSY has fallen down badly and now rests below its 200 day sma which it must take to stop a further fall.
Out of this stock for the time being but would rebuy once it shows ability to hold 200 day sma as the last time it was under it, it stayed there for a bit of time.
ETSY (DAILY TIME FRAME) GENERAL ANALYSISDespite ETSY reporting earnings that surpassed analysts expectations ETSY shares still slid as management expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.
Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down is a red flag of the weakness on the buy side of ETSY. I would stay away from any immediate rallies up until the price exceeds $192 or closes above the mean. After the price gap down this does look like an opportunity to buy but I would caution against blindly buying the dip as ETSY can shed a lot of dollars should it break its support of $153.50
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ETSY, TIME TO BUY?Hello fellow traders and investors, here's another trade idea.
ETSY has recently pulled back to the trendline and it offers a 40% ROI if it recovers to the take profit area.
Technicals:
The Macd indicates that it's oversold and still in a downtrend.
The RSI is very oversold
The has been exhaustion in the selling volume and we have started to see some buying volume which is a sign of a reversal
When To Buy:
Now
When To Sell:
I recommend selling at the take profit area
Fundamentals: Etsy, Inc. engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. They have a P/E of 48, a P/S of 9.88, a debt/equity of 1.98, a growth in sales Q/Q of 141.40%, an EPS growth Q/Q of 882.10%, a profit margin of 23.50%, and a short float of 5%
Rating: 85/100 the technicals look great however their valuation is quite rich and they do have a lot of debt compared to their equity however with their amazing growth and margins it definitely deserves a 85/100.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
ETSY long4 hour being to look decent. Still no confirmation, but i'll take the risk if going long rn.
Big gap down on ETSY earnings.Etsy took a big hit post earnings which I suspect might be a bigger reaction than warranted. One to keep an eye on over the next few days to see if the rubber band effect closes it back up.
$ETSY Diamond Top Breakdown- Potential Supports
Horrid day , horrid week to top of a few horrid months for the stock.
Yesterdays earnings results were not all that bad but the commentary was awful, which resulted in a huge selloff today.
Bulls did come to the rescue at the weekly 50ma which held as support, if that is to fail tomorrow the measured move Price Target is $130.
Tomorrows weekly candle close is crucial and Bulls will need a strong day for the Nasdaq.
ETSY: Say bye to ATH!There may be a rebound for a day or two (RSI is oversold, should bounce for a bit) but considering the support lines and a possible H&S forming, later on, these targets are the most probable outcome. After all, Covid is over and people are spending less time shopping online and will redirect their money to the travel and service sector. So it's just a matter of time for ETSY to go back where it was pre-Covid. Saw what happened to Netflix? It's coming here. Stay cautious and let's see!
Diamond Tops are a Short's Best FriendI'll let the formations do most of the talking. The diamond tops are some of my favorite technical chart patterns, but this comes with a couple added points:
Break the area of support on the Diamond's right side
Must have a lot of volume after breakthrough
Some important news backing the move
Declining Momentum indicators or crossovers are a bonus
I wanted to pull up $BA as an example of the diamond top. The incredible short came with COVID as well as MAX8 restrictions imposed on their products. We may not see the same pull back in ETSY (I don't think we will.... but in this market who knows), and with earnings coming up, this is the news to run back some wins on the COVID hot stocks.
From the run up, the diamond bottom is riding perfectly on the first support of a fib extension. If we see a break on the diamond support and the fib extension, we can start to see the market go lower here. Deciding if I want to play earnings or not, I will keep updated
All love and best of luck traders
Swing It !EMA 21 Weekly is working again as support.
Same levels for the downside of this triangle.
No Volume at the moment.
Good buy zone to try a Swing !
Keep going upOverall uptrend for $ETSY.
Support at $210-$215.
AS long as this still in the trend, keep your position.
EPS getting higher, revenue getting better.
There's no way this couldn't play well before earnings.
The road might be bumpy in the middle, the sunlight at the end will be brighter.
For self-education use only. Not financial advice.
