Show

Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>PINS stock price closed 2.22% lower on Friday at a price of $25.96.&nbsp;</a></li>
 <li><span>2</span> <a>Pinterest Inc. stock (NYSE: PINS) price fell below the key exponential moving average of 50 days.&nbsp;</a></li>
 <li><span>3</span> <a>The Earning days are due to which the stock price is showing volatility.&nbsp;</a></li>
</ul>
<p>Pinterest Inc. (PINS) stock price illustrates a volatile trend in the short term. The stock price is hovering in a range with major support near $25 and major resistance near $30. The stock price is hovering near the recent swing high in the 12% range.&nbsp;</p>
<p>Moreover, the daily chart illustrates that the stock price was bullish on the charts in the last quarter. The Pinterest stock price recovered from a low of $20 and witnessed a high of $30.86. However, the stock price declined by the end of last quarter near the round level of $25.<br><br>Furthermore, the current quarter hasn’t been very promising for Investors as the PINS stock price is sideways and volatile. The price is unable to find a clear trend as of now.&nbsp;</p>
<p>Pinterest Inc. engages in the operation of an online photo-sharing website. It allows users to create and manage theme-based image collections such as events and hobbies. Started in 2008, the company holds a market cap of $17.39 Billion.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1446" height="770" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641.png" alt="Pinterest Stock Price Hovering Near 200-Day EMA, Breakdown Ahead?" class="wp-image-177582" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641.png 1446w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641-1024x545.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641-768x409.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641-750x399.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641-1140x607.png 1140w" sizes="(max-width: 1446px) 100vw, 1446px">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div>
<p>PINS stock option-chain analysis states that the current implied volatility in the market is 63.37% with an increment of 2.94% in the last trading session. The at-the-money strike has an OI of 9539 on the PUT side and 1200 on the CALL side indicating the domination of buyers at the CMP.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-pins-stock-price-shows-a-sideways-and-volatile-trend-strong"><strong>PINS Stock Price Shows A Sideways And Volatile Trend</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640.png" alt="Pinterest Stock Price Hovering Near 200-Day EMA, Breakdown Ahead?" class="wp-image-177580" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-640-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Pinterest&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The <a href="https://www.thecoinrepublic.com/2023/10/11/pinterest-inc-nyse-pins-is-pins-stock-ready-for-breakout/" target="_blank" rel="noopener noreferrer nofollow">PINS stock</a> price currently trades at $25.96 with a decline of 2.22% in Friday’s session. The lower side has strong support near the $25 level from which the price may bounce back if it gets enough buyers.&nbsp;</p>
<p>&nbsp;Pinterest Inc. has to announce third quarterly results on Monday, 30th October post which the stock may show a clear trend. The Wall Street estimates for the revenues are at $743.933 Million and earnings are estimated to be $0.205 Million.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-show-sideways-trend-in-short-term-strong"><strong>Technical Indicators Show Sideways Trend in Short Term.&nbsp;</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-641.png" alt="Pinterest Stock Price Hovering Near 200-Day EMA, Breakdown Ahead?" class="wp-image-177581">
  <figcaption class="wp-element-caption">
   Source: Pinterest&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The daily PINS stock price chart shows that the price shows frequent crossover of the 50-day and 200-day EMA indicating a sideways and volatile trend. At press time, the RSI lines are showing frequent crossovers showing a sideways trend.&nbsp;</p>
<p>The overall technical opinion rating including RSI and MACD signals a 16% “buy” with the weakest short-term outlook on maintaining the current direction.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Pinterest stock price (PINS) is volatile and range-bound between $25 and $30. The price was bullish in the last quarter but declined to $25 by the end. The current quarter is sideways and unclear. Pinterest is an online photo-sharing website with a market cap of $17.39 Billion.&nbsp;</p>
<p>The price is $25.96 with a 2.22% drop on Friday. The $25 level is a strong support on the lower side. The third quarterly results are due on Monday, 30th October. The revenues and earnings estimates are $743.933 Million and $0.205 Million, respectively.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support levels:</strong> $25.30 and $23.69.</li>
 <li><strong>Resistance levels:</strong> $27.07 and $28.97.&nbsp;</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.</p>

Pinterest Stock Price Hovering Near 200-Day EMA, Breakdown Ahead?

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