Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Pinterest's stock (PINS) fell in the intraday levels, retesting the support of 21.92, while gathering momentum to rise anew, as it vents off overbought saturation in the RSI with negative signals out of them, marking a loss of 2.17%, or 50 cents, and settling at 22.40, with support from the 50-day SMA, amid the dominance of the upward correctional short-term wave.
Therefore we expect the stock to return higher, targeting the resistance of 27.95, provided it settles above 21.92.
Expected trend for today: Bullish