Etsy Inc. (ETSY) strengthened its gains in recent intraday trading, managing to surpass resistance at its 50-day SMA, removing prior negative pressure and opening the way for further upside. The short-term corrective uptrend remains intact with trading near a supportive trend line. However, RSI shows a negative crossover after reaching overbought levels, which may limit additional gains.

Therefore, we expect the stock to rise in its upcoming sessions, as long as support at 55.95 holds, targeting the resistance level of 65.00.

Todays price forecast: Bullish.