Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71) Posted a Treble Top formation. The primary trend remains bearish. In our opinion this stock is overvalued. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 26.14 has been pivotal. 26 continues to hold back the...
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71) Posted a Treble Top formation. The primary trend remains bearish. In our opinion this stock is overvalued. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 26.14 has been pivotal. Rallies should be capped by...
Now that Elon Musk’s buyout of Twitter has been completed, and the company has been taken off the trading market, what comparable stocks can traders look to trade now? Of course, there are other social media compatriots that traders could turn to, or even other companies of a similar market capitalisation that are in takeover talks and abiding by a similar...
Pinterest Intraday - We look to Sell at 25.99 (stop at 27.91) We are trading within a Bullish Ascending Triangle formation. Neckline resistance 26.00. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 21.38 and 20.00 Resistance:...
Pinterest showing a bear flag on the daily. Target around $10.60, significantly lower than current $19.48.
PINS is on a strong support for months now. Recent ad environment suggests slow down and earnings are on 8/1. There's a positive divergence but it means nothing if their numbers are wrong. Stay tuned. This can also end up in catastrophe.
Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange after the Wall Street Journal reported after market hours on Thursday that activist investor Elliott Investment Management has built a stake in the digital pinboard platform. Top-level departures The news came just two weeks after the company, which has been struggling...
INVESTMENT CONTEXT Equity markets took a breather on May 23, as operators reacted positively to U.S. President Biden commitment to review Trump-era tariffs imposed on China Accumulated gains are now being quickly given back, as futures on May 24 point to red territory for both S&P 500 and Nasdaq (dropping 1.21% and 1.88%, respectively). Snapchat (SNAP) in...
Pinterest Short Term - We look to Sell at 22.42 (stop at 24.30) Our outlook is bearish. The medium term bias remains bearish. We can see no technical reason for a change of trend. 20 1day EMA is at 22.00. Preferred trade is to sell into rallies. Our profit targets will be 15.71 and 13.70 Resistance: 22.00 / 28.00 / 40.00 Support: 18.50 / 15.00 / 10.00 ...
Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests. The...
Pinterest just broke a key support at $22 which leads me to believe there's more downside before finding relief. The next supports are in the low teens ($11-16), let's see if price can hold those levels.
Chart can consolidated and looks ready to move upwards into earnings. 31 looks likely; 34 possible.
Pinterest - Short Term - We look to Buy a break of 26.97 (stop at 25.27) Trading within the Channel formation. 26.50 continues to hold back the bulls. A break of bespoke resistance at 26.50, and the move higher is already underway. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 31.53 and...
Trading at 54.1% below our estimate of its fair value Earnings are forecast to grow 23.11% per year Became profitable this year
After Meta Platforms issued a first-quarter revenue outlook below expectations, investors in Pinterest, which will report earnings Thursday, expect the same outcome. My price target is the $17.50 strong support level. So if you missed the $19 per share IPO price, and you consider it fair valued, this quarter you might have the chance to buy PINS at the same price.
$PINS 1D Corrective Flat for all-time Wave 2, looking to end at $27. If > $27, possible for a huge recovery over 1-3 years.
Having shed off 60% from its 2021 high, price have reached its multi- year resistance which has now flipped to support. The support zone held has buyers rushed in to defend the zone closing the day with 7% rise and printing a bullish engulfing daily candle. which now serves a confirmation that the buyers are in charge of the market. hence we can now place our...