ETSY INC. - Daily - Technical analysis published on 04/09/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 47.98 USD
My targets
54.08 USD (+2.81%)
62.46 USD (+18.75%)
My analysis
ETSY INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 47.98 USD. The next resistance located at 54.08 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 62.46 USD. After this resistance, buyers could then target 66.86 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETSY INC. rating is 52.60 USD. On the day, this instrument gained +3.14% with the lowest point at 51.64 USD and the highest point at 54.15 USD. The deviation from the price is +1.86% for the low point and -2.86% for the high point.51.64
54.15
52.60
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ETSY INC. indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 40.45 | 44.40 | 47.98 | 52.60 | 54.08 | 62.46 | 66.86 |
| Change (%) | -23.10% | -15.59% | -8.78% | - | +2.81% | +18.75% | +27.11% |
| Change | -12.15 | -8.20 | -4.62 | - | +1.48 | +9.86 | +14.26 |
| Level | Major | Intermediate | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.34 | 46.11 | 48.55 | 50.32 | 52.76 | 54.53 | 56.97 |
| Camarilla | 49.84 | 50.23 | 50.61 | 51.00 | 51.39 | 51.77 | 52.16 |
| Woodie | 44.69 | 46.28 | 48.90 | 50.49 | 53.11 | 54.70 | 57.32 |
| Fibonacci | 46.11 | 47.72 | 48.71 | 50.32 | 51.93 | 52.92 | 54.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.27 | 31.12 | 34.63 | 37.48 | 40.99 | 43.84 | 47.35 |
| Camarilla | 36.40 | 36.98 | 37.57 | 38.15 | 38.73 | 39.32 | 39.90 |
| Woodie | 28.61 | 31.29 | 34.97 | 37.65 | 41.33 | 44.01 | 47.69 |
| Fibonacci | 31.12 | 33.55 | 35.05 | 37.48 | 39.91 | 41.41 | 43.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -8.78 | 10.59 | 24.51 | 43.88 | 57.80 | 77.17 | 91.09 |
| Camarilla | 29.29 | 32.34 | 35.39 | 38.44 | 41.49 | 44.54 | 47.60 |
| Woodie | -11.50 | 9.23 | 21.80 | 42.52 | 55.09 | 75.81 | 88.38 |
| Fibonacci | 10.59 | 23.30 | 31.16 | 43.88 | 56.59 | 64.45 | 77.17 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.36 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | 14.33 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 42.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.05 | |
| Elder Ray (13): | 8.83 | |
| Super Trend (3,10): | 39.29 | |
| Zig ZAG (10): | 52.55 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 90.82 | |
| TEMA (21): | 44.08 | |
| Williams %R (14): | -6.65 | |
| Chande Momentum Oscillator (20): | 14.34 | |
| Repulse (5,40,3): | 5.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.8600 | |
| Courbe Coppock: | 36.46 |
| MA7: | 43.75 | |
| MA20: | 40.73 | |
| MA50: | 48.34 | |
| MA100: | 46.60 | |
| MAexp7: | 46.21 | |
| MAexp20: | 44.04 | |
| MAexp50: | 46.14 | |
| MAexp100: | 47.93 | |
| Price / MA7: | +20.23% | |
| Price / MA20: | +29.14% | |
| Price / MA50: | +8.81% | |
| Price / MA100: | +12.88% | |
| Price / MAexp7: | +13.83% | |
| Price / MAexp20: | +19.44% | |
| Price / MAexp50: | +14.00% | |
| Price / MAexp100: | +9.74% |
News
The latest news and videos published on ETSY INC. at the time of the analysis were as follows:
- Etsy Provides Update on Business Conditions Related to COVID-19
- Etsy Updates Advertising Offerings
- Etsy to Announce Fourth Quarter and Year End 2019 Financial Results on February 26, 2020
- Etsy to Participate at Upcoming Investor Conferences
- Etsy to Participate at Upcoming Investor Conferences
This member declared not having a position on this financial instrument or a related financial instrument.
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