ETSY's Performance Surges as Trader Robot Generates +5.91% Profit
The Swing trader: Deep Trend Analysis v.2 (TA) AI trading robots have recently caught the attention of traders with their remarkable performance, generating a substantial +5.91% gain while trading ETSY over the previous week. In this article, we will delve into the technical analysis behind this success and explore the latest earnings results of ETSY, shedding light on potential investment opportunities.
Technical Analysis:
One key indicator, the Relative Strength Index (RSI), can provide valuable insights into the market sentiment surrounding a stock. For ETSY, the RSI Indicator moved out of oversold territory on June 02, 2023. This shift suggests a potential reversal from a downward trend to an upward trend. Traders may consider buying the stock or call options based on this development.
To assess the reliability of this signal, the A.I.dvisor analyzed 22 similar instances when the RSI Indicator left oversold territory. In an impressive 82% of these cases, the stock moved higher after the indicator signaled a shift. This statistical analysis further strengthens the potential for an upward move in ETSY's stock price.
Earnings Performance:
Examining the latest earnings report, released on May 03, ETSY showcased strong performance, beating estimates. The earnings per share (EPS) stood at 52 cents, surpassing the estimated 50 cents. With 2.19 million shares outstanding, the current market capitalization for ETSY sits at 10.53 billion dollars.
Implications and Conclusion:
The combination of positive technical indicators and strong earnings performance provides investors with valuable insights for potential trading opportunities with ETSY. The recent shift in the RSI Indicator from oversold territory suggests a favorable market sentiment, increasing the probability of an upward movement in the stock price.
As the world of trading continues to evolve, the integration of AI and advanced analytics is revolutionizing the way investors approach the market. The impressive gains achieved by the Swing trader: Deep Trend Analysis v.2 (TA) AI trading bots with ETSY exemplify the potential for AI-powered systems to enhance trading strategies and deliver favorable returns.
ETSY in -4.24% downward trend, declining for three consecutive days on September 18, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ETSY declined for three days, in of 307 cases, the price declined further within the following month. The odds of a continued downward trend are .
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 .
The Aroon Indicator for ETSY entered a downward trend on September 19, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ETSY's RSI Indicator exited the oversold zone, of 26 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 8 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 .
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 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 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 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 (17.294). P/E Ratio (34.722) is within average values for comparable stocks, (73.557). Projected Growth (PEG Ratio) (1.341) is also within normal values, averaging (2.326). Dividend Yield (0.000) settles around the average of (0.038) among similar stocks. P/S Ratio (3.081) is also within normal values, averaging (9.424).
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
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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% | -1.60% | ||
| MELI - ETSY | 71% Closely correlated | -1.21% | ||
| RVLV - ETSY | 62% Loosely correlated | -1.41% | ||
| JMIA - ETSY | 58% Loosely correlated | -6.95% | ||
| CVNA - ETSY | 57% Loosely correlated | -7.98% | ||
| CHWY - ETSY | 53% Loosely correlated | -5.37% | ||
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