Pinterest, Inc. (PINS) Technical Analysis

Price Action Analysis

Overview

On the daily chart, PINS has been in a pronounced downtrend over the last several months, with a sequence of lower highs and lower lows. In the most recent sessions, price has stabilized in the low-$15s after a steep move lower from the mid-$20s to the mid-$15s.
On the weekly chart, the long-term pattern remains clearly bearish, with the price vacating a multi-year high and trading well below prior resistance zones. The trend channel appears to be sliding lower, with occasional counter-trend bounces but no sustained reversal yet.
Recent candles show occasional intraday wicks suggesting some buyers step in near support, but the dominant texture remains bearish until proven otherwise by a sustained move above key resistance.

Key price/action observations

Current vicinity: Price sits around $15.51 (intraday high ~$15.98, intraday low ~$14.82).
Near-term structure: The latest price action sits at a clear support neighborhood around $15, with a history of multiple tests around that level in the last month.
Pattern notes: No clear bullish reversal pattern has formed yet; the recent action is more of a consolidation around support with occasional tests higher but failure to sustain gains above prior highs.

Volume characteristics (daily and weekly)

Daily volume shows periodic spikes on downside moves, consistent with distribution during sharp declines and some buying interest on pullbacks.
Weekly volume has shown elevated activity during certain pullbacks and rallies, but overall volume intermittently confirms the downtrend rather than a durable exhaustion.

Key observations tying to the chart structure

The price is trading well below major moving averages (see Technical Indicators section), indicating ongoing selling pressure.
The weekly chart emphasizes the long-term downtrend with no sustained breakout above resistance levels.

Technical Indicators

Summary readings (current values based on the latest available data)

Indicator	Value	Interpretation / Implication
Price (latest close)	$15.51	Near-term momentum still negative; current price near support cluster
MA50 (short-term moving average)	$24.50	Price is well below MA50, indicating a strong near-term downtrend
MA200 (long-term moving average)	$31.10	Price well below MA200; long-term downtrend intact
RSI (14)	10.9	Deeply oversold; potential for a relief bounce, but not a confirmation of trend reversal
MACD (12,26,9)	-2.40	Bearish momentum; no bullish cross yet; distance from zero indicates downside pressure
MACD Signal	-1.80	MACD remains below signal line; further downside risk unless a bullish crossover develops

Notes

All readings point to a bearish price action regime, with the oversold RSI hinting at potential short-term relief if buyers step in, but the overarching trend remains down as long as price stays well below the MA300/MA200 envelope and MACD remains negative.

Volume & Momentum Analysis

Momentum: The MACD is firmly negative, with the histogram below zero, reinforcing the ongoing bearish momentum.
Momentum shifts: No sustained bullish MACD cross has occurred; RSI is deeply oversold (sub-15 region recently), suggesting potential for near-term bounce but lacking conviction in a trend reversal.
Volume context: The periods of sharp price declines have often been accompanied by higher volume, consistent with distribution-driven selling. Occasional upticks in volume on small rallies imply a nascent attempt at accumulation, but not yet robust enough to stall the prevailing downtrend.

Implications

The combination of negative MACD, very low RSI, and large gaps between price and both MA50 and MA200 signals that the trend remains structurally bearish. Any meaningful upside would likely require a decisive move above the MA50 and breaking the descending pressure as indicated by the MACD.

Key Buy/Sell Levels

Note: I’ve identified near-term support and logical buy zones, with current price checked at $15.51. Buy zones are presented with touched/not-touched status and distances where applicable.

Trendlines drawn for context

Support line at $15.00 (extends beyond current time)
Resistance line at $26.50 (extends beyond current time)
Intermediate zone line at $20.00 (extends beyond current time)

Buy zones (near-term entries; use with risk controls)

Zone A: $15.00 – $15.75
- Current status: Touched (price is within this band at ~$15.51)
- Rationale: Immediate support vicinity; potential for a short-term bounce if demand shows up around the current support cluster.
- If not filled: Distance from current price to upper edge (15.75) is about $0.24 (~1.5%).
Zone B: $18.50 – $19.50
- Current status: Not touched yet
- Distance from current price (15.51) to Zone B:
  - Lower edge (18.50): +$2.99; ~+19.3%
  - Upper edge (19.50): +$3.99; ~+25.7%
- Rationale: A move back into the range where price previously consolidated could reflect a shift in near-term momentum if accompanied by volume support; aligns with potential catch-up toward the MA50.
Zone C: $22.50 – $23.50
- Current status: Not touched yet
- Distance from current price to Zone C:
  - Lower edge (22.50): +$6.99; ~+45.0%
  - Upper edge (23.50): +$7.99; ~+51.6%
- Rationale: A more substantial upside would be required to reach this zone; could align with a sustained break above shorter-term resistance and potential test of intermediate moving averages, if momentum improves.

How these levels relate to chart references

The primary support at around $15.00 aligns with the current price region and is reinforced by recent intra-day testing.
The $20.00 line serves as an intermediate psychological/cluster level that often coincides with short-term consolidation and prior action around that price.
The $26.50 resistance line reflects a major historical barrier seen in the span of the last 1–2 months on the daily chart; a sustained breakout above this level would be a meaningful bullish development.

Notes on the levels

The current price of $15.51 places Zone A as the immediate risk-managed entry, should a bullish reversal occur intraday with a supportive price action and volume.
Zone B and Zone C are progressively further away and require stronger counter-trend momentum or a multi-session bounce to be actionable.

Technical Outlook & Summary

Price action context
- The immediate trend is down, with price trading far below both the 50-day and 200-day moving averages.
- The daily structure shows a tight current support around $15 with occasional attempts to rally that have not yet produced a sustained reversal.
- The weekly perspective reinforces the downtrend with a broader, multi-month/quarterly horizon showing lower highs and lower lows.
Volume context
- Higher volume on downside days supports the continuation of selling pressure.
- Occasional upticks on rallies hint at potential short-term relief, but overall volume has not confirmed a durable reversal.
Technical signals
- Bearish momentum is intact as shown by MACD below zero and price well below MA50/MA200.
- RSI is deeply oversold, which keeps the door open for a short-term bounce, but oversold conditions alone are not a reliable reversal signal in a strong downtrend.
Key takeaways
- The structural bearish bias remains intact until price convincingly clears the MA50 (~$24.50) and sustains a breakout above the $26.50 resistance line, ideally with positive volume confirmation.
- Near-term risk-reward favors patient entries or incremental exposure only if price holds or stabilizes above around $15 and shows a confirming bounce with volume.
Actionable near-term plan
- Monitor for bullish confirmation around Zone A (preferably with a daily close above the Zone A upper boundary and higher volume). If this occurs, consider a phased entry with tight risk controls (stop below the recent swing low around $14.80).
- If price moves toward Zone B or Zone C, await clear momentum signals (e.g., MACD turning up with a bullish cross, RSI showing a pivot from the oversold zone, and volume increasing on up days) before initiating larger exposure.

If you’d like, I can add a visual summary (annotated chart captions) or adjust the buy zones based on alternative rule sets (e.g., trigger-based entries on a break above intraday highs with volume).

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