Trading (ETSY) With Integrated Risk Controls
February 28, 2024, 01:16 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ETSY
- Buy ETSY slightly over 65.03 target 77.77 stop loss @ 64.84 Details
The technical summary data tells us to buy ETSY near 65.03 with an upside target of 77.77. This data also tells us to set a stop loss @ 64.84 to protect against excessive loss in case the stock begins to move against the trade. 65.03 is the first level of support below 72.08 , and by rule, any test of support is a buy signal. In this case, support 65.03 is being tested, a buy signal would exist.
- Short ETSY slightly under 77.77, target 65.03, stop loss @ 77.99 Details
The technical summary data is suggesting a short of ETSY as it gets near 77.77 with a downside target of 65.03. We should have a stop loss in place at 77.99though. 77.77 is the first level of resistance above 72.08, and by rule, any test of resistance is a short signal. In this case, if resistance 77.77 is being tested, a short signal would exist.
Swing Trading Plans for ETSY
- Buy ETSY slightly over 73.92, target 77.77, Stop Loss @ 73.71 Details
If 73.92 begins to break higher, the technical summary data tells us to buy ETSY just slightly over 73.92, with an upside target of 77.77. The data also tells us to set a stop loss @ 73.71 in case the stock turns against the trade. 73.92 is the first level of resistance above 72.08, and by rule, any break above resistance is a buy signal. In this case, 73.92, 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 73.92, target 69.66, Stop Loss @ 74.13. Details
The technical summary data is suggesting a short of ETSY if it tests 73.92 with a downside target of 69.66. We should have a stop loss in place at 74.13 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, 73.92, 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 73.03, target 73.92, Stop Loss @ 72.86 Details
If 73.03 begins to break higher, the technical summary data tells us to buy ETSY just slightly over 73.03, with an upside target of 73.92. The data also tells us to set a stop loss @ 72.86 in case the stock turns against the trade. 73.03 is the first level of resistance above 72.08, and by rule, any break above resistance is a buy signal. In this case, 73.03, 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 73.03, target 69.66, Stop Loss @ 73.2. Details
The technical summary data is suggesting a short of ETSY if it tests 73.03 with a downside target of 69.66. We should have a stop loss in place at 73.2 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, 73.03, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Etsy Inc. (ETSY) available here: ETSY.
ETSY Ratings for February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
53.63 |
| P2 |
69.02 |
69.66 |
65.03 |
| P3 |
73.03 |
73.92 |
77.77 |
AI Generated Signals for ETSY
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ETSY:
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