Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.


PINTEREST INC- CLASS A

New York Stock Exchange, Inc. / Communication Services / Interactive Media & Services

Technical Rating and Analysis

0

Overall PINS gets a technical rating of 0 out of 10. PINS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PINS is a bad performer in the overall market: 87% of all stocks are doing better.
PINS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month PINS has a been trading in the 23.73 - 28.41 range, which is quite wide. It is currently trading near the high of this range.
PINS has an average volume of 12913200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PINS is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, PINS did better than 40% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
PINTEREST INC- CLASS A / PINS Weekly stock chart
PINTEREST INC- CLASS A / PINS Daily stock chart
Setup Rating and Analysis

8

PINS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.59, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

23.97

38.85

We found 4 important support areas.

  • A support zone ranging from 26.06 to 26.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @25.26 from a horizontal line in the weekly time frame.
  • Support @24.68 from a horizontal line in the daily time frame.
  • Support @24.21 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 27.87 to 27.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @38.47 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.77
Mansfield-1.68
10 Day High28.41
10 Day Low24.43
20 Day High28.41
20 Day Low23.73
52 Week High45.19
52 Week Low23.68
Performance
1 Week9.3%
2 Weeks8.19%
1 Month-1%
3 Month-30.35%
6 Month-4.52%
12 Month-33.67%
2 Year16.37%
3 Year41.78%
5 Year37.31%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.52
RSI(14)52.8
LBB24.09
UBB28.21