ETSY Benefits from Tickeron's Robot Factory, Seeing 5.91% Upswing
Among the notable AI trading robots, Swing trader: Deep Trend Analysis v.2 (TA) has demonstrated exceptional performance in our robot factory. In this article, we will delve into the recent achievements of this AI trading robot and examine its analysis of ETSY, as well as its identification of a potential long-term bearish signal for ETSY. Furthermore, we will analyze the earnings results, shedding light on the company's financial performance.
Swing trader: Deep Trend Analysis v.2 (TA) Excels in Generating Impressive Gains: Over the previous month, the Swing trader: Deep Trend Analysis v.2 (TA) trading robot has proven its mettle by generating a remarkable gain of 5.91% while trading ETSY. This achievement places it among the top performers in our robot factory. By utilizing advanced algorithms and deep trend analysis, the robot exhibits its ability to navigate the complexities of the market and identify profitable trading opportunities.
Bearish Signal: ETSY's Moving Averages Cross Paths: On April 24, 2023, an important technical event occurred for the stock of ETSY. The 50-day moving average crossed below the 200-day moving average, signaling a potential shift to a long-term downward trend. This crossover of moving averages often serves as a reliable indicator for traders, suggesting a bearish sentiment for the stock. It indicates that the recent price movements have been weaker than the longer-term trend, possibly pointing towards a decline in the stock's value. Traders and investors should carefully monitor the stock's performance in the coming weeks to assess the validity of this bearish signal.
Earnings Report Analysis: The most recent earnings report, released on May 03, revealed an earnings per share (EPS) of 52 cents, surpassing the estimated figure of 50 cents. This positive earnings surprise indicates the company's ability to outperform market expectations, which can have a positive impact on investor sentiment. With 834.69K shares outstanding, ETSY's current market capitalization stands at an impressive 10.55 billion dollars. The strong market capitalization signifies the company's substantial size and market value.
Swing trader: Deep Trend Analysis v.2 (TA) has demonstrated its proficiency in generating significant gains during the previous month, particularly with its trading of ETSY. Additionally, its identification of the bearish signal for ETSY, indicated by the crossover of moving averages, suggests a potential downward trend for the stock. Investors should closely monitor the stock's performance to confirm the validity of this signal. Moreover, ETSY's recent earnings report highlighted an EPS beat, further enhancing the company's market reputation.
ETSY's Stochastic Oscillator is sitting in oversold zone for 2 days
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETSY advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 22, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETSY as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ETSY turned negative on October 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
ETSY moved below its 50-day moving average on September 30, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETSY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ETSY broke above its upper Bollinger Band on September 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ETSY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (4.356). P/E Ratio (25.828) is within average values for comparable stocks, (71.163). Projected Growth (PEG Ratio) (0.934) is also within normal values, averaging (1.293). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (2.729) is also within normal values, averaging (6.077).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ETSY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
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General Information
an online marketplace for buying and selling of handmade and vintage goods
Industry InternetRetail