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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PINS stock price crashed nearly 5.63% on Wednesday, September 13th.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Pinterest Inc. stock (NYSE: PINS) made a breakdown of a bearish flag pattern over the daily chart.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Analysts are offering a 1-year price forecast estimate on an upside potential of 71% in the stock which could lead the price to a high of $45.</a> </li> 
</ul> 
<p>Pinterest Inc. (PINS) price slumped nearly 5.63% on Wednesday, September 13th. The stock price made a breakdown of a bearish flag pattern formed over the daily timeframe. PINS stock price showed a reversal after hitting a high of $30.86 in the last week of July. Since then, the bears have dominated the game and the bulls struggled to counter them.&nbsp;</p> 
<p><br>The analysts offering a 1-year price forecast have a wide range of possibilities with an upside potential of 71% in the stock which could lead the price to a high of $45. The analysts expect a drawdown of 8.75% which might drag the price to a low of $24.</p> 
<p>The price analysis of PINS stock illustrates that the price has made a breakdown of a bearish flag pattern formed over the daily chart on Wednesday. The price might follow the same trend and decline further in Thursday’s session.&nbsp;</p> 
<p>The daily chart shows that the stock price dropped below the key moving average of 50-day EMA. However, the price managed to close above the 200-day EMA.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="553" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-366-1024x553.png" alt="PINS Stock Price Has Potential To Reach $45, Suggests Analysts&nbsp;" class="wp-image-167732" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-366-1024x553.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-366-300x162.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-366-768x415.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-366-750x405.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-366-1140x616.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-366.png 1450w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp;&nbsp;&nbsp;&nbsp;Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>PINS stock option-chain analysis states that the current implied volatility in the market is 40.08% with an increment of 3.54% in the last trading session. The At-the-money strike has an OI of 1,032 on the PUT side and 388 on the CALL side indicating the buyers dominating at the CMP.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-pins-stock-price-made-breakdown-of-a-bearish-flag-strong"><strong>PINS Stock Price Made Breakdown of a Bearish Flag&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365-1024x478.png" alt="PINS Stock Price Has Potential To Reach $45, Suggests Analysts&nbsp;" class="wp-image-167731" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-365.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Pinterest, Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/04/pinterest-pins-stock-guiding-strength-will-it-bust-above-30/" rel="noopener noreferrer nofollow">PINS stock</a> price currently trades at $26.30 and made a breakdown of a bearish flag pattern. The price may crash more if continues with the same momentum in Thursday’s session. The Pinterest stock price has reached the recent support of $25 to the downside and a gap of $1.30 which the price may fill on Thursday.&nbsp;</p> 
<p>However, the option chain data shows buyers’ domination at $26 which might be a hope for buyers to expect some reversal in the stock price.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-sideways-to-bearish-trend-strong"><strong>Technical Indicators Show Sideways to Bearish Trend&nbsp;</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367-1024x478.png" alt="PINS Stock Price Has Potential To Reach $45, Suggests Analysts&nbsp;" class="wp-image-167733" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-367.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Pinterest, Inc.&nbsp;1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily PINS stock price chart shows that the price has declined below the 50-day EMA indicating short-selling from the upper levels.&nbsp;</p> 
<p>The overall technical opinion rating including RSI and MACD signals a 40% “sell” with the weakest short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/04/pinterest-pins-stock-guiding-strength-will-it-bust-above-30/" target="_blank" rel="noopener noreferrer nofollow">Pinterest stock price</a> fell 5.63% 13th of September, breaking a bearish flag pattern on the daily chart. The price may decline further on Thursday as it trades below the 50-day EMA and has a gap to fill at $25. The analysts have a wide range of forecasts for the stock from $24 to $45 in a year. The option chain data shows some buyers’ interest at $26 which could support a reversal. Pinterest Inc. also announced a $400 Million investment in its employees’ welfare.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $25.30 and $23.35.</li> 
 <li><strong>Resistance levels:</strong> $28.89 and $30.61.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

PINS Stock Price Has Potential To Reach $45, Suggests Analysts

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