ETSY price emits more negative signals - Forecast today - 15-04-2024

ETSY’s stock price fell in the intraday levels, and fell below the 50-day SMA, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought saturation in the RSI compared to the stock’s movements, hinting at negative divergence. 

Therefore we expect more losses for the stock, targeting the pivotal support of $58.20, provided the current support of $65.88 was reliably breached. 

Trend forecast: Bearish