Etsy, Inc.Long
ETSY: Side Hustle Cottage Industry Cash Cow
I've been watching ETSY for a while and they're a solid company with a solid cashflow and have very satisfied customers and vendors and Etsy gets to provide a low overhead marketplace for the two participants to do business with each other. They didn't rise much during last week's rally which tells me that this week is now their time to shine for the alpha seeking investor. Volume is starting to rise, but I think there's time left to get in on this trend before the rest of the market notices, too.
For the technicals, price is above all the key moving averages and banging up against the top of the upper Bollinger band. Moving averages also show a good trend of the intermediate term average being above the longer term with a short term pull back breaking out in a bullish direction. MACD is showing a trend reversal by going positive with the bullish divergence only having picked up speed in the last few days. ADX shows that a strong trend has yet to set in, but DI+ crossing over and holding above DI- shows that the trend forming has legs. 14 day price relative strength is rising but has some room to go before hitting overbought territory. The quarterly rate of change is breaking above its two week average and moving in a direction to break positive.
I'm hoping to find myself happy with this company that's making money, exceeding analysts expectations, and leaving both customers and vendors happy.
For the technicals, price is above all the key moving averages and banging up against the top of the upper Bollinger band. Moving averages also show a good trend of the intermediate term average being above the longer term with a short term pull back breaking out in a bullish direction. MACD is showing a trend reversal by going positive with the bullish divergence only having picked up speed in the last few days. ADX shows that a strong trend has yet to set in, but DI+ crossing over and holding above DI- shows that the trend forming has legs. 14 day price relative strength is rising but has some room to go before hitting overbought territory. The quarterly rate of change is breaking above its two week average and moving in a direction to break positive.
I'm hoping to find myself happy with this company that's making money, exceeding analysts expectations, and leaving both customers and vendors happy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.