Etsy, Inc. (ETSY) surged higher in recent intraday trading after successfully holding above the $74.45 support level, which provided the stock with positive momentum and helped fuel the latest gains. The stock has also managed to work off its overbought conditions on momentum indicators, giving it greater room to extend its advance in the near term. Additional bullish support comes from its continued trading above the 50-day Simple Moving Average (SMA), which reinforces the stability and dominance of the primary short-term uptrend.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, particularly as long as it maintains stability above the $74.45 support level. Under this scenario, the stock is expected to target its next resistance level at $85.00.

Today's price forecast: Bullish.