$ETSY hitting buy zonesLooking for a continuing downside on NASDAQ:ETSY to the $41-$42 area. Would look to add calls around there to a bounce of $45-$50.
WSL
1ETSY trade ideas
ETSY at a ForkComing to the point of the declining triangle, either will break out, target $55, the T2 $57
or break down, support target $50, then $47.
Leaning bullish and expecting it to break out in my subjective opinion.
Looking for a Long Entry of $52.00
ETSY Santa Run? ETSY looks set for a run heading into the holiday season, like it's done the last few years. Here's why I like ETSY long, at least in the short-term heading into the New Year:
- Falling wedge breakout on the daily chart
- Rising volume on breakout moves
- Healthy consolidation above breakout
- Continuation with volume
- Gaps above (magnet)
- Large Volume Shelf at $64 area (magnet)
Let me know what you think! Full disclosure: I am positioned long. Plan to sell around $62-64
Holding the gap up after earning If the gap hold is confirmed, look for bounce higher. Consider bull debit spread in January with ATM call spread or 40 delta to capture move up.
A new upward cycle
After a full cycle of 12345, the stock was adjusted by ABC to $50. Next, a new cycle of climbing begins for several years.
Handmade ProfitsEtsy is gaining bullish momentum, with a gap forming around the $50.00 level. A break above the $58.00 resistance would signal further strength, positioning the stock to reach the $67.50 weekly resistance. With an attractive risk-to-reward setup, this trade offers a favorable opportunity, while a $45.00 stop-loss effectively manages downside risk.
In the longer term, ETSY has the potential to reach $89.59, driven by strong fundamentals. As a leader in the online marketplace for unique and handmade goods, Etsy is well-positioned to benefit from the continued growth of e-commerce. With a loyal customer base and innovative platform features, Etsy is poised to capture an expanding market share, supporting both near-term momentum and longer-term growth.
This combination of technical momentum and strong market fundamentals supports a bullish push toward $67.50, with $89.59 as an achievable longer-term target.
NASDAQ:ETSY
10/10/24 - $etsy - Probs a buy ~$50, small 1%10/10/24 :: VROCKSTAR :: NASDAQ:ETSY
Probs a buy ~$50, small 1%
- 700 fcf on 7 bn enterprise value = 10% yield
- but really call it 300 of that is stock comp (and stonk down), so perhaps you're at 6-7% "true" yield
- #s depressed and it's not growing all that fast - which is why it's been something i've stayed away for (growth is the scarcity... hence NASDAQ:CELH , NASDAQ:NXT , NASDAQ:NVDA and other meme stuff)
- but at this pt $50 seems like a pretty good smaller size entry for a 1% punt
- don't love the fact they have 2bn debt and 1bn cash
- but think the platform isn't going anywhere. still growing.
- anyone have a more nuanced view? i'm not wed to the idea, but a small position here will force me to do more work.
V
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.
Watch $ETSY | Significant Volume EventStill rummaging around stock screener and found another one I think I like and I can't believe I'm saying it... $etsy.
Had one of the biggest volume weeks on it's record last week and price hardly moved. To me, that's a signal that there's serious support around this level.
Just keeping our eye on it for now. Set a weekly close alert above $62.83.
ETSY volatility contractionETSY just went below falling wedge. However Macd has been flat & price very near my green support zone
$ETSY LONGS @ $40Price is approaching "covid" levels.
Mitigating orders from the sell-off could create some heavy momentum to the upside.
EASY and conservative +50%, could see price back at $200 in a few years.
ESTY calls?It looks like Etsy might be establishing a solid foundation here. By the end of the year or after reporting stronger-than-expected Q4 earnings, some short sellers could be forced to cover their positions at a loss. As a profitable company, Etsy is likely to regain favor with institutional investors eventually. Personally, I'm looking to buy shares and generating profit by strategically buying shares in this area.
$ETSY - Aiming for $65Legit mad my order didn't fill today tried to open before close but was busy.
Solid in bullish regression channel, plenty of room to move in the channel as well. First fib is at $62. This was resistance at one point, but heavily favors support vs resistance historically.
Many times once it hit this channel, it consolidated before big moves up, or maintained between $62-$65.
Volume is there on the chart, but what you don't see is the options tables.
July & August Call volume at $65 spiked big today. Have my eyes set on this price point within the next 30-60 days.
also, i absolutely HATE etsy as a company. They are thieves of small businesses. I can't wait until this runs out of gas so i can go bear on it.
Not trading advice, solely technicals possibly hallucinations?
ETSY short today!Buyers can`t to protect 56 level.
Sell after break.
SHORT IN 55,70
SL 58,90
TP 42, 34,30
Key Support/Resistance LevelsI've identified what I think are key support/resistance levels for Etsy. Should supports break, I've indicated where prices could go next/lower.
ETSY Options Ahead of EarningsIf you haven`t sold ETSY before the previous earnings:
Then analyzing the options chain and the chart patterns of ETSY prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $12.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ETSY Trade Idea
ETSY is trading at a 50% discount to its fair value estimate.
Wide moat with Standard capital allocation
Down 80% from its all time high.
Technicals look very attractive.
That said, ETSY currently ranks poorly on my screens, so this is purely a technical/contrarian trade idea. GreenBlue Rank: 1845
Company Description:
Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
ETSY eyes on $64.89: possible bottom, or best chance for bullsETSY is at a major support right now.
Tight confluence of two major golden fibs.
BEST chance for bulls to paint a bottom here.
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The Bullish Case for $ETSY NASDAQ:ETSY is a leading online marketplace for unique, handmade, and vintage products. The company has a strong brand identity and a loyal customer base, which gives it a competitive advantage in the e-commerce industry.
The market for unique and handmade products is growing rapidly as consumers increasingly value individuality and sustainability. Etsy is well-positioned to benefit from this trend as it offers a wide range of unique and eco-friendly products. Additionally, Etsy can expand into new product categories, such as home decor and apparel, to increase its market share.
NASDAQ:ETSY has made multiple bounces from the $167 support level and looking to capture an upside move.
ETSY - Possible 2x, Who is interested? No doubt ETSY is a sh##y stock, but looks like it found a temporary bottom here.
Build long between 70-80
Stop loss - 65
Target #1 - 100
Target #2 - 115
Target #3 - 130
Target #4 - 150, after a pullback
ETSY Options Ahead of EarningsIf you haven`t sold ETSY before the previous earnings:
Then analyzing the options chain and the chart patterns of ETSY prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2024-2-23,
for a premium of approximately $3.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
