The recent analysis of Etsy's ( NASDAQ:ETSY ) stock performance reveals a sobering reality: the platform's forecast for the first quarter paints a picture of subdued demand, signaling potential trouble ahead.
The Handcrafted Conundrum
Etsy Inc.'s., ( NASDAQ:ETSY ) cautionary outlook stems from a confluence of factors, chief among them being the waning appetite...
Hi guys! This is a technical analysis on Etsy (ETSY) on the 3 Day timeframe, supporting a potential Support Bounce Play.
We've come a long way from our recent Rejection off the "Major Resistance" Red Trendline.
Moving below the 21 EMA (Purple line)
Breaking Below our previous Support Trend line Turned Resistance Line (Black Horizontal line)
To now come in...
If you haven`t sold ETSY after the disappointing forecast and bought the price target:
Then you should know that looking at the ETSY options chain ahead of earnings , I would buy the $128 strike price Puts with
2023-2-24 expiration date for about
$6.90 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least...
ETSY for the win it just put in a golden cross the last time this happened was Apr 2020 it went on a $152 run before it ran out of gas but that was in a bull market now that the bears are here lets how it will perform looking at 7 point move to the upside before hit resistance over $142.76 im looking for a 15-25 point move !!!!!!
This 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.
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...
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.
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!
Q1 earnings:
Revenue $579.3Mil vs $575.6Mil estimate
ADJ. EPS: $0.60 in line with 0.60 expected
Forecast Q2 revenue $540 - 590Mil vs $628Mil estimate
EDJ EBITDA 25% vs 26.5% estimate
My price target is $77.
Looking forward to read your opinion about it.
Etsy
Short Term - We look to Sell at 112.96 (stop at 122.95)
Posted a Bearish Outside candle on the Daily chart. We look for losses to be extended today. Our short term bias remains negative. A Fibonacci confluence area is located at 89.40. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 89.34 and 71.20...
ETSY setting up for a nice face ripper, but with the premiums on it, you gotta catch the downswing reversals. They could give us another bite at the apple around 134 if we gap down at open tomorrow. Looking forward to watching one of my favorite companies go for it!
This stock also has created a “Bull Trap”, which could be a catalyst for a quick collapse in price.
Penetration below the low of last week’s inside bar, will very likely open up a major move to the downside.
Etsy 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...
Etsy.... strong surge off support line from 160-170 ranges with a strong 30+ point breakout from June lows. Retraced perfectly to .618 (180) and bounce on the retest of downtrend break. 200 -> 208 -> 220 -> new highs.... If u missed the reversal on first post here it is again.
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...
ETSY has a little price-drop to $198. There is a bearish RSI divergence on the 4H chart, so we should go even lower.
Entry levels LONG:
$198 - only for the brave
$182
$167
$144 - ALL IN
