Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ETSY stock (NASDAQ: ETSY) is in a downtrend for a long time.&nbsp;</a> </li> 
 <li> <span>2</span> <a>ETSY stock is trading below key moving averages showing strong bearishness at the moment.</a> </li> 
</ul> 
<p>ETSY stock price is witnessing a strong bearish momentum on the daily technical charts. On the daily chart, the asset price is seeing a downside momentum resuming its downtrend. ETSY stock is currently trading near the value of $73.32, with a loss of -0.62% in the previous session.</p> 
<p>ETSY Inc. has been in a downtrend for a long time and recently broke the crucial support level of 80.50. Moreover, the next crucial support of the asset price is between the range of $70.50 to 67.50.&nbsp;</p> 
<p>ETSY Inc.’s price is currently below the 50 and 200-day EMA. If the price surges again beyond the 200-day EMA, then a strong upside trend can be seen in the future which is looking difficult now.</p> 
<p>ETSY price prediction indicates that the ETSY share is presently trading within the firm grasp of the bears. However, despite making a solid bullish momentum within the past few months, the buyers have not been successful in sustaining the price above its crucial levels of 100 and 200 EMAs on the 1-day chart.</p> 
<p>The technical indicators favor the bears projecting a pessimistic perspective for the buyers. RSI and stochastic RSI oscillators are heading towards the oversold zone whereas the major EMA lines are acting as barrier points for ETSY price from now.</p> 
<h2 class="wp-block-heading" id="strong-technical-outlook-of-etsy-stock-on-1-d-time-frame-strong"><strong>Technical Outlook of ETSY Stock On 1-D Time Frame</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/8CRynncj-GUFc15CqFVHgv1LKlne79lCzgnYr9hibCsH-nHpBkL0Q8XqYSqC6jsTQ43En1MSuFXbHZa9C5hy8qlcySTbddRi2wf1va6WVP-1OTybQXkZWzPAA8l0X4TgJKDmm_isWRTPzhx8xjseKjY" alt="ETSY Stock: The Major Threats For Investors in 2023, Time to Sell"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/02/27/will-buying-etsy-stock-after-its-q4-earnings-2022-worth/" rel="noopener noreferrer nofollow">ETSY Inc. (NASDAQ: ETSY)</a> has been in a negative trajectory for a long time. ETSY gave a negative return of -39.66% since the beginning of the year. In the span of 6 months, it gave a negative return of -41.54 and -18.07% in the last 3 months.&nbsp;</p> 
<p>Additionally, in the last month, the downtrend continues and the stock gave a negative return -of 24.35% indicating the dominance of bears in the market.</p> 
<p>At the time of publishing, ETSY stock (NASDAQ: ETSY) is trading below the 50 and 200-day SMAs (exponential moving averages), which are not supporting the price trend.&nbsp;</p> 
<p>However, if more selling volume adds up, then the price might conquer supporting EMA’s by making lower highs and lows. Hence, the ETSY price is expected to move downwards giving bearish views over the daily time frame chart.</p> 
<p>RSI is touching the landscape. The current value of RSI is 29.37 points. The 14 SMA is above the median line at 30.17 points which indicates that the ETSY stock is bearish.</p> 
<p>The MACD line at -3.80 and the signal line at -3.98 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the ETSY share price.</p> 
<h3 class="wp-block-heading" id="strong-short-timeframe-analysis-strong"><strong>Short Timeframe Analysis</strong></h3> 
<p>ETSY stock has shown sellers’ strength in the stock was noted on the short-term charts. Moreover, the price is trading below the 50, 100, and 200-day EMAs, which is a clear indication of bearish sentiments around the stock.</p> 
<p>The MACD indicator also persisted to form red bars, and a bearish crossover was noted, which signals strong bullish moves. The RSI curve is near the oversold region at 35 and a negative divergence was noted, indicating bearishness in the stock.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/02/27/will-buying-etsy-stock-after-its-q4-earnings-2022-worth/" rel="noopener noreferrer nofollow">ETSY Inc.’s stock</a> is continuously declining for a year making lower low structures.&nbsp; Stock technical indicators also support the bearish trend. The MACD, RSI, and EMA are highlighting negative signs and imply that the downtrend may continue in the ETSY stock price. ETSY price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Support Levels: $71.07 and $68.37</li> 
 <li>Resistance Levels: $82.18 and $77.98</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

ETSY Stock: The Major Threats For Investors in 2023, Time to Sell

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 22, 2023

Wiziin Earmarks $500K Pre-Seed Funding for Blockchain Investment

Chainlink and Hedera firm, Pomerdoge rising in presale

Bitcoin Rangebound Below $29K: Traders Uncertain on FED

Ripple's Garlinghouse Bolsters Legal Team Amid SEC Battle

Coinbase Adds to Its Revenue Streams by Acquiring a Strategic Stake in USDC

Binance Labs Invests in Infrastructure Provider Delphinus Lab

Join our free newsletter for daily crypto updates!