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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2.52USD
307.57 MUSD
2.75 BUSD
117.41 M
About Etsy, Inc.
Sector
Industry
CEO
Joshua G. Silverman
Website
Headquarters
New York
Employees (FY)
2.42 K
Founded
2005
ISIN
US29786A1060
FIGI
BBG000N7MXL8
Etsy, Inc. engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments: Etsy, Reverb, Depop, and Elo7. The company was founded in 2005 and is headquartered in New York, NY.
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.
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
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 the
Etsy Faces Uphill Battle Amidst Shifting Consumer TrendsThe 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 co
$ETSY - Would you swing it?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:
$61
ETSY Long at key support levelEtsy is backtesting a massive historical level after springing above it following a false breakdown. The false breakdown also completed a bullish shark at the 886 on the weekly.
Full pattern and targets shown below.
Correction cycleThe cycle from 2016 of 5 waves has ended and we are going to the ABC correction. Now there is a correction of C, it should end at ~50-55$
$ETSY - can it break out?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
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Frequently Asked Questions
The current price of ETSY is 66.73 USD — it has decreased by 0.48% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NASDAQ exchange Etsy, Inc. stocks are traded under the ticker ETSY.
Etsy, Inc. is going to release the next earnings report on May 1, 2024. Keep track of upcoming events with our Earnings Calendar.
One year price forecast for Etsy, Inc. has a max estimate of 125.00 USD and a min estimate of 50.00 USD.
ETSY earnings for the last quarter are 0.64 USD whereas the estimation was 0.50 USD which accounts for 27.15% surprise. Estimated earnings for the next quarter are 0.76 USD. See more details about Etsy, Inc. earnings.
Etsy, Inc. revenue for the last quarter amounts to 636.30 M USD despite the estimated figure of 631.29 M USD. In the next quarter revenue is expected to reach 827.79 M USD.
Yes, you can track Etsy, Inc. financials in yearly and quarterly reports right on TradingView.
Like other stocks, ETSY shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Etsy, Inc. stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 16, 2024, the company has 2.42 K employees. See our rating of the largest employees — is Etsy, Inc. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Etsy, Inc. EBITDA is 467.78 M USD, and current EBITDA margin is 16.99%. See more stats in Etsy, Inc. financial statements.