The post Pinterest Stock Price Hovering Near 200-Day EMA, Breakdown Ahead? appeared on BitcoinEthereumNews.com.

1 PINS stock price closed 2.22% lower on Friday at a price of $25.96.  2 Pinterest Inc. stock (NYSE: PINS) price fell below the key exponential moving average of 50 days.  3 The Earning days are due to which the stock price is showing volatility.  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.  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. 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.  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. Source: barchart.com 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.  PINS Stock Price Shows A Sideways And Volatile Trend Source: Pinterest  1D. NYSE By TradingView The PINS stock price currently trades at $25.96 with a decline of 2.22% in Friday’s session. The lower side has strong support…

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Filed under: News - @ October 23, 2023 3:18 pm