“Options Corner: Unpacking ETSY Key Levels Following Upgrade”
ETSY technicals are weak (downtrend, falling MAs, RSI 37), but short-term upside is expected due to holiday seasonality and positive analyst sentiment.
We are talking about Etsy here , and you have some charts for us to review. Yes, Etsy's performance is not far from the Standard & Poor's 500 index over the past year.
Etsy is in purple here, and the Standard & Poor's index is in green, with the index up 15%, while Etsy rose 11.5%. But Etsy's performance is much better than the overall consumer spending index.