ETSY trade ideas
$ETSYEtsy is an e-commerce marketplace for handcrafted and vintage goods.
It connects buyers with millions of creative sellers, helping them find the types of specialized or even personalized items that can't be mass-produced by big-box retailers. Moreover, Etsy has something for everyone, as its diverse inventory ranges from home furnishings and décor to apparel and beauty products.
Broadly speaking, this differentiates Etsy from its rivals. Its brand name has become synonymous with unique products, and that recognition has made it the 8th-most-popular e-commerce platform in the world, outranking the likes of Pinduoduo and Target.
To reinforce that advantage, management has focused on improving search and discovery, making it easier for buyers to find the products they're looking for on the platform. For instance, Etsy recently deployed new artificial intelligence models to better personalize landing pages and make recommendations more relevant for each buyer. These efforts have already boosted conversion rates and repeat purchases, and they caused an uptick in seller ad spending on the platform.
In turn, Etsy's financial performance has been impressive over the last three years.
Looking ahead, management puts its market opportunity at $437 billion by 2023. To put that in perspective, Etsy's gross merchandise sales totaled $12.4 billion over the last 12 months, representing less than 3% of the company's addressable market.
To capitalize on that opportunity, Etsy recently acquired Brazilian marketplace Elo7, expanding its presence in Latin America, the fastest-growing region of the world in terms of e-commerce sales. And shortly after, Etsy also acquired Depop, a fashion resale marketplace popular with Gen Z consumers; this moves expands Etsy's presence in the apparel sector, the fastest-growing vertical in the e-commerce industry.
More broadly, management remains focused on improving search and discovery, and cultivating trust among buyers through transparent delivery times and improved customer support. Collectively, these growth initiatives should help Etsy take market share in the years ahead. That's why this stock looks like a no-brainer.
According to my chart Etsy is still looking very strong.
We had a clean break above resistance with a pullback to see if previous resistance would act as support w/ a close on a bullish hammer on the daily chart.
If this chart is correct, we should see all time high come into play.
MACD curling
RSI flat
Watchlist this.
ETSY to continue slow climb through Christmas seasonNot financial advice, but I do have a position - 17% of portfolio.
ESTY - pullback tradeEtsy, Inc. is an online marketplace for buyers and sellers, and operates in the United States, Canada, the United Kingdom, France, Germany and Australia. It mainly focuses on handmade or vintage items and craft supplies that include unique jewelry, on-trend clothing, bags, toys, art, home decor and furniture. In addition, the company offers several services to sellers including payment processing, advertising platform and shipping services.
ETSY is a strong buy within the analysts circles, with an average buy target of USD 224.
Stock has been popular within the Blogging community, Hedge fund activity has also seen a bullish signal with about 341.5K shares added last quarter.
From a technical perspective, price is sitting right below the 20 Day Moving Average, but above the 20 Week moving Average. Both should add some indecision in some of the traders minds. However, RSI is bullish on multi time frames.
Out of the 147 stocks in the Retailing space, 42% are above the 5Day MA and 24% are above the 20 Day MA. The sector needs to show more action to bring the bulls interest back in here...I
If ETSY closes above the 20 Day MA, we could look for a swing trade.
ETSY Seasonal PlayETSY Historically has a strong Q4 performance
Buying with the expectation of sideways action until Mid October
$ETSY playI did a simple ROIC sort search and found this business being one of the top. I am a technical guy but I take a glance at some fundamental numbers sometimes and $ETSY pop out to me as a pretty good value play. Did a rough DCF and I believe with a conservative revenue projection and a margin of safety $ETSY imo is worth around $40B.
Yes, I still look at technicals for my entry. As of now I see a strong impulsive move. I'm gonna use that move and buy the 25% or 12.5% extension. According to TD D-Wave we are still on wave 3 up.
The stock did give a nice bounce off of resistance turned support but I missed it. Will monitor this play regularly alongside my other 2 fundamental plays: $PLTR and $CRWD. Both $PLTR and $CRWD however are extremely overvalued on paper and DCF terms but they show great technical strength. $ETSY will be a play accompanied by fundamentals. Really look forward to seeing how the stock unfolds.
$ETSY LONG SWINGI see confluence with two swing high-low fib levels that confluence around $310. I think that $300 Jan 21, 2022 Calls currently at $4.35 might be a solid idea. I chose this date based on the rate at which is has been progressing lately.
ETSY - Running out of steam?ETSY looks like it might flip a key level of resistance, but it's getting close to overbought on RSI. I'm going to keep my eye for a confirmation of flipping resistance or if it gets rejected.
Bullish- Triangle breakoutETSY approaching the end of a big symmetrical triangle and frankly looking quite nice here, with buyer volume should pop (Broader Market Conditions Permitting). Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones
$ETSYCurious to see how $ETSY plays out... I am comparing to $FL which has a similar chart only a bit earlier in the cycle.
NASDAQ:ETSY
NYSE:FL
ETSYBreakout and backtest done long. finally broke out to the upside bullish trend. ATH's could be coming soon.
$ETSY - call options This did not follow my speculation exactly, however, it is playing out nicely.
Setting a tight stop loss.
Waited for the dip and picked up on the cut this morning for a nice price
Sept 17 expiration 215 strike
lets make something out of this itty bitty golden cross
$ETSYEtsy’s shares rose last Thursday as the online arts-and-crafts retailer joined fellow Internet retailers in a continuing roller-coaster ride.
Etsy recently traded at $213.12, up 5.4%, and has climbed about 9% in the past six months with plenty of ups and downs.
Earlier this month, they reported better-than-expected second-quarter earnings, but provided a third-quarter revenue forecast that fell short of analysts estimates.
Etsy posted profit and revenue that handily beat Wall Street estimates, but said it now expects revenue of between $500 million and $525 million for the current quarter, below current consensus forecasts of $527.5 million.
When we look at the technicals analysis ETSY is starting to look very bullish, in my opinion.
We broke out clean of the symmetrical triangle to the upside.
We have the MACD above 4.90
We saw the 50MA cross the 200MA
& we also have the RSI above 50.
I can easily see this running up to all time highs again. I’m bullish.
Keep this on your watchlist.
- Factor Four
etsy longExpecting price to get to $215; analysts have the same target as well. Price could be in an accumulation phase.
Etsy Bullish breakout, potential PTs for the intermediate termEtsy finally broke out to the upside. ATH's could be coming in intermediate term
$ETSY 1hr with support and resistance/RSI$ETSY 1hr with support and resistance/RSI
Watching the 200.90 level for possible entry again - played yesterday
ETSY FIBJust looking to see how ETSY does with FIBS if I drew in the correct places. looks like 202 will be a key area followed by 205 on the daily. Watching to see how this is handled.
ETSY Bullish DailyNASDAQ:ETSY daily looks bullish as it break the top trendline with MACD confirmation. Price is sitting right on top of the 20 and 50 EMAs which are both turning up together.
$230 short term?Red line = main resistance
Blue line = main trend line
White line = current support
In my opinion (not financial advice), there's seems to be a breakout brewing to either hit or break through the main trend line w/ target at $230.
Let's see what happens.
What are your thoughts? Let me know!
bullish pattern ahead FED is going to easy policy ahead, because delta variant and labor market is poor , it is good news for printing money :)
ETSY Pennant pattern formingI don't know if it's a bullish or bearish pattern, but it's definitely consolidating for a break
I also notice the pennant ends almost exactly on the earnings date.
The earnings game is always a gamble for me
ETSYGolden cross / Bullish Pennant
MktCap $24.15B
Price $191.75 (AH)
Price target $214.40/ 251.86 - Long term price target $312.46
Stop loss $179.23
IMO for the long term
