Etsy stock: buy or sell
Jan 18th, 2021
Etsy stock brief
- After making new highs last Thursday, Etsy closed at $204.42 dropping a -3.36%
- Price is drawing a scaled uptrend since March 2020 with higher tops and higher bottoms. This rally marked a 582.54% gain
- Morgan Stanley posted a bearish rating for Etsy last Friday, with a forecast of $93.00
- Etsy, Inc. operates online market places for buyers and sellers primarily in the United States, the United Kingdom, Canada, Australia, France, and Germany.
Should I buy Etsy stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ETSY stock a buy?
In the current situation of Etsy there is not any eligible buy setup. This doesn't mean we expect a selloff for $ETSY in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Etsy stock?
Do you know when is it time to sell Etsy?. Just as when we have to buy shares, determining when is appropiate to sell is not a capricious decision, and we must follow our own trading style. When selling, as well as buying, our setups are very simple to use and are only valid for selling stocks you already own, not for selling short $ETSY stock
As a golden rule, you should not hold a trading operation that results in greater losses than those expected upon purchase. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Etsy stock?
Currently, Etsy stock doesn't match any of our preferred sell setups, so if you hold Etsy shares and your operation is in profit probably is not time to sell now
In the last month, 3 ratings were published for Etsy
|Dec 21st, 2020|
|Jan 14th, 2021|
|Roth Capital|| |
|Jan 15th, 2021|
Etsy stock analysis
Etsy stock started an uptrend in March 2020, and grew an amazing 582.54%. During this uptrend, the price offered some buy points on the breakouts. Latest pullback was on January 6, when price bounced at $166.33. Like in all uptrends, price needs to rest and currently price is moving in a range between $221.12 and $166.33
$ETSY at Highs
Etsy did it again, and hit all-time highs (ATH) last Thursday at $221.12
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band last Thursday, the price corrected downwards by 7.55%. The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
After breaking out the line of 70 yesterday, fell back below with a value of 65.35. This is a weak signal for the stock and it must get us on alert of weakness in the stock price
Etsy stock price history
Etsy IPO was on Apr 16th, 2015 priced at $31.00 per share1. Since then, ETSY stock surged by 559.42%, with an average of 111.88% per year. If you had invested $1,000USD in Etsy stock at that time, it would be valued $6,594.19 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Etsy stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
The following table shows the price target posted by analysts in the last 30 days. Again, these targets are not direct recommendations for small investors and should not be followed blindly.
The average price target for Etsy stock calculated from the table below is $179.33. That is a 12.27% than the last price ($204.42).
|Brokerage firm||Price target|
|Dec 21st, 2020|
|Loop Capital||$165.00 → $210.00|
|Jan 14th, 2021|
|Roth Capital||$165.00 → $235.00|
|Jan 15th, 2021|
|Morgan Stanley||$74.00 → $93.00|
Earnings and financials
Etsy, Inc. ($ETSY) released quarterly earnings of $0.79 per share last October, highly upping the analysts consensus estimate of $0.58 per share. This quarterly report means an earnings surprise of 36.21%. Company's turnover was $451.5 million versus $411.4 million forecasted by market consensus.In comparison, the EPS for the same quarter last year was $0.12, so posted EPS means a improvement of 558.33%. Looking at revenue, figures exploded a 128.08% compared to $2.0B same quarter 12 months ago.
Etsy ($ETSY) posts Q4 earnings report late next February. Market analysts analysts expect of $0.57, that is a 27.85% less than previous quarter.
Etsy is classified inside the Internet Retail industry, which contain industry peers.
The following are some of Etsy biggest competitors:
|Company||Market cap||Rating||Bullish ratings1|
1 In the last 30 days.
To better understand Etsy stock performance you must compare its gains with other related stocks in same sector or industry.. For Etsy, the benchmark is made against Amazon and eBay.
Please read:The thoughts contained in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not know the specific situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for educative motives only
|Friday, January 15th, 2021|
|Day range||$197.16 - $211.99|
|Average true range||$15.02|
|50d mov avg||$162.12|
|100d mov avg||$144.78|
|200d mov avg||$117.64|
|Earnings date||February 24th, 2021|