Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Pinterest Inc, PINS stock price is on the verge of consolidation phase and may break out.&nbsp;</a> </li> 
 <li> <span>2</span> <a>PINS shares recovered above 20, 50, 100 and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>Pinterest Inc. (NYSE: PINS) gained around 13.36% year to date.</a> </li> 
</ul> 
<p>PINS stock price is ready for its breakout from the consolidation phase but sellers may interrupt as PINS struggle to sustain. Pinterest stock has been consolidating inside a horizontal range-bound area over the daily time frame chart. Now, buyers tried to push Pinterest share price towards the upper threshold but looks like sellers are taking charge now. During Tuesday’s trading session, PINS tried to sustain at the upper price range of the consolidation phase, unsuccessfully.</p> 
<p>Pinterest stock needs to accumulate buyers at a higher rate in order to facilitate a strong uptrend. Meanwhile, volume change was below average which signifies the accumulation rate of sellers during Tuesday’s trading session.</p> 
<p>PINS stock price was at $28.60 and has gained 1.27% of its market capitalization during Tuesday’s trading session. Trading volume was below average and needs to grow during Wednesday’s trading session. This demonstrates that the accumulation rate of buyers needs to rise during Wednesday’s trading session. Meanwhile, PINS share price is at $28.75 with an increase of 0.52% in the pre market session.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-pinterest-inc-pins-stock-sustain-or-get-detained-strong"><strong>Will Pinterest Inc. PINS Stock Sustain or Get Detained?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1539" height="893" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370.png" alt="Pinterest Inc (NYSE: PINS): Is PINS Stock Ready For Breakout?" class="wp-image-175237" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370.png 1539w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370-768x446.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370-1536x891.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-370-1140x661.png 1140w" sizes="(max-width: 1539px) 100vw, 1539px">
  <figcaption class="wp-element-caption">
   Source: NYSE: PINS by <a href="https://www.tradingview.com/x/hxfQcLi8/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>PINS stock price has been trading with a strong uptrend since October 4th and has reached the upper price range of the consolidation phase. However, due to tepid buyer action yesterday, PINS shares failed to sustain at the upper threshold. Volume change is below average and needs to grow during Wednesday’s trading session. Meanwhile, PINS shares recovered above 20, 50, 100 and 200-days daily moving averages.</p> 
<p>PINS share price gained around 6.72% in a week and 1.85% in a month. However, PINS declined by 0.97% in the last three months and surged by 2.05% in the last six months. In addition, Pinterest stock price soared by 13.36% year to date.</p> 
<p>Technical indicators highlight the uptrend on the PINS stock chart. Relative strength index (RSI) confirms the recovery of Pinterest stock. RSI was at 62 and is heading towards the overbought territory. Investors in Pinterest Inc. (NYSE: PINS) needs to wait till PINS stock sustains at the upper price range of the consolidation phase.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong>&nbsp;&nbsp;&nbsp;</h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/10/nio-inc-adr-will-nio-stock-price-return-for-15-mark-from-here/" target="_blank" rel="noreferrer noopener">PINS stock price</a> is ready to break out from the consolidation phase but sellers may interrupt as PINS struggle to sustain. Meanwhile, volume change was below average which signifies the accumulation rate of sellers during Tuesday’s trading session. However, due to lower accumulation rate of buyers yesterday, PINS shares failed to sustain at the upper threshold. Technical indicators highlight the uptrend on the PINS stock chart. Investors in Pinterest Inc. (NYSE: PINS) need to wait till PINS stock sustains at the upper price range of the consolidation phase.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $27.45 and $26.50</p> 
<p>Resistance Levels: $29.10 and $30.75</p> 
<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 they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;<br></p>

Pinterest Inc (NYSE: PINS): Is PINS Stock Ready For Breakout?

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