ETSY Inc

ETSY’s long-term uptrend remains intact above the 200-day SMA, but the drop below the 9/20/50 EMAs and the formation of lower highs and lows signals a medium-term bearish posture. A shallow bounce from near-term support has yet to reclaim key moving averages, so selling into rallies around the 9-EMA and 20-EMA region offers the best execution edge while avoiding being caught in a relief run.

• ↑Q2 GMS rose to $2.6 B (+7.5% YoY), fueling marketplace growth
• ↑Revenue of $668 M (+6.2% YoY) with 29.2% adjusted EBITDA margin
• ↓Purchase frequency remains below last year, undermining GMS gains