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...
ETSY 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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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...
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
If 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...
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...
NASDAQ:ETSY This is another one that is forming a cup and handle base. MACD and RSI trending up.
The ER will determine $61 or $90.
Upside Targets:
$85
$90
$97
Downside risk:
$61
Etsy is backtesting a massive historical level after springing above it following a false breakdown. The false breakdown also completed a bullish shark at the 886 on the weekly.
Full pattern and targets shown below.
NASDAQ:ETSY is currently up against the upper trendline channel resistance. If it can break above this resistance, it has the potential for further upside.
Upside targets:
$75
$80
$94
Downside risk:
$61
I just sold CSP at strike 65 expire on 11/10. I don't mind if the get assigned, actually I want that. I would keep the premium and the stock. I think it has a lot potential to the upside just need a little patience. The CSP of Etsy pay very well.
Prices is landing on a strong support area. I don't think is going to bounce right away, it needs some accumulation first. But if you have a long term view, you can buy some now and buy more in a few weeks if price still trading close to the support zone.
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...
NASDAQ:ETSY got to a price where there was confluence on the confluence. If this does not bounce here, I don't know where else it would.
I would like it to use the jetpack to get to $115 ish on the mid point from our channel.
Yieahhhh
Not going to give too much commentary here.
The setup at the support zone is pretty clear.
Previous earnings came in well above estimates.
I like this setup, if you choose to act on it, Trade Safe! 👻
