PINTEREST INC. CLASS A - 1H - Technical analysis published on 06/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 23.00 USD
My targets
22.54 USD (-1.43%)
21.36 USD (-6.60%)
My analysis
The strong short-term decline in PINTEREST INC. CLASS A calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 23.00 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 22.54 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 21.36 USD as an objective. Crossing it would then enable sellers to target 20.29 USD. Be careful, a return to above 23.00 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PINTEREST INC. CLASS A rating is 22.87 USD. On the day, this instrument lost -4.99% and was traded between 22.35 USD and 24.17 USD over the period. The price is currently at +2.33% from its lowest and -5.38% from its highest.22.35
24.17
22.87
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PINTEREST INC. CLASS A:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PINTEREST INC. CLASS A chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.27 | 20.29 | 21.36 | 22.87 | 23.00 | 24.35 | 25.22 |
| Change (%) | -20.11% | -11.28% | -6.60% | - | +0.57% | +6.47% | +10.28% |
| Change | -4.60 | -2.58 | -1.51 | - | +0.13 | +1.48 | +2.35 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.89 | 23.23 | 23.65 | 23.99 | 24.41 | 24.75 | 25.17 |
| Camarilla | 23.86 | 23.93 | 24.00 | 24.07 | 24.14 | 24.21 | 24.28 |
| Woodie | 22.93 | 23.25 | 23.69 | 24.01 | 24.45 | 24.77 | 25.21 |
| Fibonacci | 23.23 | 23.52 | 23.70 | 23.99 | 24.28 | 24.46 | 24.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.46 | 18.26 | 20.74 | 22.54 | 25.02 | 26.82 | 29.30 |
| Camarilla | 22.03 | 22.43 | 22.82 | 23.21 | 23.60 | 24.00 | 24.39 |
| Woodie | 16.79 | 18.43 | 21.07 | 22.71 | 25.35 | 26.99 | 29.63 |
| Fibonacci | 18.26 | 19.90 | 20.91 | 22.54 | 24.18 | 25.19 | 26.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.45 | 13.14 | 16.71 | 19.40 | 22.97 | 25.66 | 29.23 |
| Camarilla | 18.57 | 19.14 | 19.72 | 20.29 | 20.86 | 21.44 | 22.01 |
| Woodie | 10.90 | 13.36 | 17.16 | 19.62 | 23.42 | 25.88 | 29.68 |
| Fibonacci | 13.14 | 15.53 | 17.01 | 19.40 | 21.79 | 23.27 | 25.66 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.50 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -18.13 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 23.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.23 | |
| Elder Ray (13): | -0.91 | |
| Super Trend (3,10): | 23.89 | |
| Zig ZAG (10): | 22.78 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 13.61 | |
| TEMA (21): | 23.41 | |
| Williams %R (14): | -78.79 | |
| Chande Momentum Oscillator (20): | -1.16 | |
| Repulse (5,40,3): | -3.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 0.15 |
| MA7: | 23.14 | |
| MA20: | 21.81 | |
| MA50: | 20.03 | |
| MA100: | 19.04 | |
| MAexp7: | 23.62 | |
| MAexp20: | 23.52 | |
| MAexp50: | 23.05 | |
| MAexp100: | 22.33 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | +4.86% | |
| Price / MA50: | +14.18% | |
| Price / MA100: | +20.12% | |
| Price / MAexp7: | -3.18% | |
| Price / MAexp20: | -2.76% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | +2.42% |
Quotes :
2020-06-24 16:28:36
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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