Trading Etsy Inc. Common Stock $ETSY With Integrated Risk Controls

March 07, 2023, 15:46 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Etsy Inc. Common Stock (NASDAQ: ETSY) report below can help you, but we have more details too. The trading plans for ETSY, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for ETSY

• Buy ETSY slightly over 115.69 target 143.11 stop loss @ 115.36 Details

The technical summary data tells us to buy ETSY near 115.69 with an upside target of 143.11. This data also tells us to set a stop loss @ 115.36 to protect against excessive loss in case the stock begins to move against the trade. 115.69 is the first level of support below 117.439 , and by rule, any test of support is a buy signal. In this case, support 115.69 is being tested, a buy signal would exist.

• Short ETSY slightly under 143.11, target 115.69, stop loss @ 143.52 Details

The technical summary data is suggesting a short of ETSY as it gets near 143.11 with a downside target of 115.69. We should have a stop loss in place at 143.52though. 143.11 is the first level of resistance above 117.439, and by rule, any test of resistance is a short signal. In this case, if resistance 143.11 is being tested, a short signal would exist.

Swing Trading Plans for ETSY

• Buy ETSY slightly over 119.85, target 143.11, Stop Loss @ 119.5 Details

If 119.85 begins to break higher, the technical summary data tells us to buy ETSY just slightly over 119.85, with an upside target of 143.11. The data also tells us to set a stop loss @ 119.5 in case the stock turns against the trade. 119.85 is the first level of resistance above 117.439, and by rule, any break above resistance is a buy signal. In this case, 119.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ETSY slightly near 119.85, target 115.69, Stop Loss @ 120.2. Details

The technical summary data is suggesting a short of ETSY if it tests 119.85 with a downside target of 115.69. We should have a stop loss in place at 120.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 119.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ETSY

• Buy ETSY slightly over 117.80, target 119.85, Stop Loss @ 117.53 Details

If 117.80 begins to break higher, the technical summary data tells us to buy ETSY just slightly over 117.80, with an upside target of 119.85. The data also tells us to set a stop loss @ 117.53 in case the stock turns against the trade. 117.80 is the first level of resistance above 117.439, and by rule, any break above resistance is a buy signal. In this case, 117.80, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ETSY slightly near 117.80, target 115.69, Stop Loss @ 118.07. Details

The technical summary data is suggesting a short of ETSY if it tests 117.80 with a downside target of 115.69. We should have a stop loss in place at 118.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 117.80, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ETSY Ratings for March 07:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	90.91
P2	117.80	112.29	115.69
P3	121.55	119.85	143.11

Support and Resistance Plot Chart for ETSY

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