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 Indicator enters downward trend
The Aroon Indicator for ETSY entered a downward trend on September 22, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 158 similar instances where the Aroon Indicator formed such a pattern. In of the 158 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ETSY as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ETSY's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Moving Average Convergence Divergence (MACD) for ETSY just turned positive on September 19, 2023. Looking at past instances where ETSY's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETSY advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
ETSY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ETSY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (21.413) is normal, around the industry mean (17.200). P/E Ratio (34.722) is within average values for comparable stocks, (72.866). Projected Growth (PEG Ratio) (1.262) is also within normal values, averaging (2.294). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (2.900) is also within normal values, averaging (9.398).
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 92, placing this stock better than average.
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 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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an online marketplace for buying and selling of handmade and vintage goods
Industry InternetRetail
ETSY and
Correlation & Price change
A.I.dvisor indicates that over the last year, ETSY has been closely correlated with MELI. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if ETSY jumps, then MELI could also see price increases.
| Ticker / NAME | Correlation To ETSY | 1D Price Change % | ||
|---|---|---|---|---|
| ETSY | 100% | +3.01% | ||
| MELI - ETSY | 71% Closely correlated | +1.40% | ||
| RVLV - ETSY | 61% Loosely correlated | +3.89% | ||
| CVNA - ETSY | 57% Loosely correlated | +1.00% | ||
| JMIA - ETSY | 57% Loosely correlated | +5.17% | ||
| CHWY - ETSY | 52% Loosely correlated | +3.40% | ||
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