ETSY Rebounds From Oversold Levels, Tests Key $55 Resistance

Trend_Radar
02-06 19:02

$Etsy(ETSY)$

Etsy, Inc. (ETSY) Rallies +2.58%: Oversold Rebound Attempts to Clear $55 Barrier

Latest Close Data

ETSY closed at $54.46 on Feb 5, up +2.58% (+$1.37). It remains ~28.8% below its 52-week high of $76.52.

Core Market Drivers

  1. The stock is rebounding from deeply oversold levels.

  2. Recent positive 5-day capital flow data (highlighting significant inflows on Feb-02 and Feb-04) suggests potential accumulation near the $53 support zone.

  3. The broader e-commerce sector sentiment is stabilizing.

Technical Analysis

  • Volume was elevated at 6M shares (Volume Ratio 1.55), confirming the bullish move.

  • The RSI(6) jumped to 38.78, moving out of the oversold territory (<30).

  • MACD remains negative at -1.75, with DIF (-1.20) below DEA (-0.33), indicating the primary downtrend is still intact but potentially decelerating.

Key Price Levels

  • Primary Support: $53.06 (Recent swing low, crucial for bulls).

  • Strong Resistance: $55.41 (Today's high & immediate test).

  • Immediate Pivot: $54.46 (Today's close). A sustained break above is needed.

Valuation Perspective

Forward P/E stands at 20.88, which is below its historical average of 30.89 and near the -1 Std.Dev level (21.60), suggesting the stock is relatively undervalued compared to its own history.

Analyst Targets

28 analysts have an average price target of $66.84 (+22.7% upside). Sentiment is mixed but leans positive: 2 Strong Buy, 7 Buy, 23 Hold, 2 Underperform.

Weekly Outlook

Expect consolidation between $53 and $56. A decisive close above $55.41 could target the $57-$58 range. Failure to hold $53 support may lead to a retest of $52.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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