Etsy, Inc. (NASDAQ:ETSY) Fell By -1.1%, But Why?

      Comments Off on Etsy, Inc. (NASDAQ:ETSY) Fell By -1.1%, But Why?

In its latest trading session, Etsy, Inc. (NASDAQ:ETSY) dropped by -1.1% – here is what that looked like (as of 2019-12-04):

What is the cause of all this?? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 50.796, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.606, an Accumulation/Distribution Index (ADI) of 1.606, an On-Balance Volume (OBV) of 4373.306, and a Chaiikin Money Flow (CMF) of 43.12. 1.438

Now let’s plug these indicators in. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Etsy, Inc. (NASDAQ:ETSY). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.