Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>PINS stock price is currently trading at $27.01 with a rise of 2.35% in the last 24 hours with a current market cap of $18.097&nbsp; Billion.</a></li>
 <li><span>2</span> <a>PINS stock price has been consolidating inside the horizontal price range of $25 and $30 over the daily time frame chart.</a></li>
</ul>
<p>PINS price prediction suggests bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a a proper breakdown or break out in order to decide the direction of the trend. There is a slight increase in the green candles of volume which suggests the Pinterest stock price is attracting buyers in the demand zone.</p>
<p>Investor sentiments regarding the PINS stock price are indecisive at present and may remain negative unless the buyers start stepping into the price action with substantial momentum. However, according to the technical indicators and price action, the odds are lining in the bulls’ favor.</p>
<p>PINS stock price needs to attract buyers to surge towards the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the PINS share price is trying to gather support and sustain above 20, 50, 100, and 200-day daily moving averages. PINS shares have been consolidating inside the horizontal price range of $25 and $30.&nbsp;</p>
<p>Nevertheless, PINS stock price has inclined around 4.25% in a week but lost 1.78% in a month. Also, the Pinterest share price shed around 1.75% in the last three months and dropped 1.32% over the last six months. However, analysts believe that the share price may bounce back from the lower levels.</p>
<h2 class="wp-block-heading" id="strong-pins-stock-price-has-been-consolidating-inside-the-price-range-strong"><strong>PINS Stock Price Has Been Consolidating Inside the Price Range</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh6.googleusercontent.com/6Ttz24BMOLJTw7SEW8HeZ6ToMZ8AhYKMyv0iFiDaD9ooh45fptwl35k-L6aNXd4e7T7fxuAyJQWDth8Cz7Vs0tvxVb_rs_jgTgGy8BuW0P-m3dGWyg8WxG8fHEeYx4ChmtUq3V5su2xIwu9cVvyVGdM" alt="Pinterest Stock: What Next in PINS Stock Price – $20 or $30?">
  <figcaption class="wp-element-caption">
   Source: PINS.1D.NYSE by <a href="https://www.tradingview.com/x/dKLX6oo9/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>PINS stock price must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the PINS shares need to accumulate buyers in order to surge towards its recovery phase. Meanwhile, the PINS share price has jumped above the 20, 50, 100, and 200-day daily moving average.</p>
<p>Technical indicators highlight the consolidation phase of the PINS stock price. Relative strength index (RSI) showcases the sideways momentum of PINS shares. RSI was at 52, showcasing neutrality.&nbsp;</p>
<p>MACD exhibits the consolidation phase of the PINS share price. The MACD line is flat above the signal line waiting for a crossover. Investors in PINS <a href="https://www.thecoinrepublic.com/2023/09/14/pins-stock-price-has-potential-to-reach-45-suggests-analysts/" target="_blank" rel="noopener noreferrer nofollow">stock</a> need to wait for any directional change over the daily time frame chart.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>On the daily time frame chart, the PINS stock price is consolidating between the horizontal price bands of $25 and $30 per share. However, in order to accelerate towards its recovery phase, PINS shares must amass purchasers. Technical indicators point to a period of price consolidation for the Pinterest stock. Investors in PINS stock must watch the daily time frame chart for any directional changes. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $25.84 and $24.40.</li>
 <li><strong>Resistance Levels:</strong> $28.95 and $30.85.</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Pinterest Stock: What Next in PINS Stock Price – $20 or $30?

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 6, 2023

NEAR Price Prediction: Will NEAR Protocol Price Take U-Turn?

Pi Network vs. WOW EARN: Make an informed choice

Ledger Laying Off 12% of its Workforce is a ‘Worrying Signal for Bitcoin and Crypto’ According to...

Zilliqa Integrates Chainlink Pricing Feeds to Enhance Blockchain Functionality

Kraken Cryptocurrency Exchange Explores Entry into Stock Trading: According to Bloomberg

Whistleblower accuses Arkham Intelligence of exploiting Binance and FTX backdoors to dox users

Join our free newsletter for daily crypto updates!