$PINS Pinterest Inc Stock Robo Analyst June 27 2020 #PINS

Pinterest Inc (PINS) “On a long-term technical basis, the stock (PINS) is trading above its 200-day moving average, but has broken through an important support level, which generally implies it is in a neutral trend. The new level of support is at 16.92.

The stock has support at 21.54 and 20.24. If the stock breaks down through support at 21.54 then it will probably continue lower to 20.24. The stock has resistance at 21.62 and at 22.73. If the stock breaks up through resistance at 21.62 then it will probably continue higher to 22.73. The 200-day moving average is at 20.73. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (71.81).”