What Is The Likelihood Of Rise In Etsy’s Stock?

Etsy’s stock (NASDAQ: ETSY) declined by 9% in the last twenty-one trading days. In comparison, the broader S&P500 index fell by 0.05% over the same period. The online retailer saw its stock rise after strong Q3 2021 results in early November. Growth stocks have fallen in the last couple of weeks after Omicron reports started and U.S. Federal Reserve Chair Jerome Powell hinted that an increase in interest rates will be sooner rather than later, which has shifted consumers towards safer assets. Now, is ETSY stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last seven years, there is a 71% chance of a rise in ETSY stock over the next month (twenty-one trading days). See our analysis on Etsy’s Stock Chance Of Rise for more details.

Five Days: ETSY -14%, vs. S&P500 2.8%; Underperformed market

(4% event probability)

• Etsy’s stock declined 14% over a five day trading period ending 12/07/2021, compared to the broader market (S&P500) which rose by 2.8%
• A change of -14% or more over five trading days has a 4% event probability, which has occurred 68 times out of 1669 in the last seven years

Ten Days: ETSY -15%, vs. S&P500 0.2%; Underperformed market

(7% event probability)

• Etsy’s stock declined 15% over the last ten trading days (two weeks), compared to the broader market (S&P500) rise of 0.2%
• A change of -15% or more over ten trading days has a 7% event probability, which has occurred 116 times out of 1664 in the last seven years

Twenty-One Days: ETSY -8.7%, vs. S&P500 -0.05%; Underperformed market

(19% event probability)

• Etsy’s stock declined 8.7% over the last twenty-one trading days (one month), compared to the broader market (S&P500) fall of 0.05%
• A change of -8.7% or more over twenty-one trading days has a 19% event probability, which has occurred 307 times out of 1653 in the last seven years

Also, Etsy Peer Comparisons summarizes how the company fares against peers on metrics that matter.

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