The stock price of Etsy (ETSY) declined in its latest intraday trading, following stability at the key resistance level of $65.00. The stock is currently taking profits from previous gains while attempting to build positive momentum that may help it recover and break through that resistance. It is also trying to relieve some of its overbought condition as indicated by relative strength indicators, especially with early negative signals emerging. The short-term upward corrective trend remains intact, with the stock trading along its ascending trendline.

Therefore we expect the stock price to rise in upcoming sessions, especially if it breaks through the $65.00 resistance, targeting the next resistance at $71.70.

Todays price forecast: Bullish.