Pinterest Stock Jumps 3.5% as Technicals Signal Bullish Momentum

Pinterest (PINS) rose 3.51% to close at $36.26 in the most recent session, marking its second consecutive day of gains with a 3.72% advance over this period. The following technical analysis evaluates key indicators to assess the stock’s trajectory, incorporating candlestick patterns, moving averages, momentum oscillators, volatility measures, volume dynamics, and Fibonacci levels derived from the past year of price action.
Candlestick Theory
The recent price action shows a bullish reversal pattern forming near the $34.43 support level established on September 11. The September 15 session closed near its high ($36.28) after testing the intraday low at $35.23, forming a bullish white candle that indicates buying pressure. Key resistance is observed at $36.96–$37.27, aligning with the August 7 peak ($39.17) and recent highs. Support holds firm at $34.43–$34.52, reinforced by the September 11 low and the 61.8% Fibonacci retracement level.
Moving Average Theory
Pinterest’s price currently trades above its 50-day ($35.82), 100-day ($34.41), and 200-day ($32.15) simple moving averages, confirming a long-term bullish trend structure. The 50-day SMA has maintained above the 100-day and 200-day SMAs since June, while the 100-day SMA crossed above the 200-day SMA in July, forming a "golden cross." This multi-timeframe alignment suggests sustained upward momentum, though a close below the 50-day SMA would signal near-term weakness.
MACD & KDJ Indicators
The MACD (12,26,9) shows a bullish crossover above the signal line on September 12, with the histogram expanding positively, indicating accelerating upward momentum. Concurrently, the KDJ oscillator registers a %K reading of 84 and %D at 79, both nearing overbought territory (>80). While this suggests short-term overheating, the bullish MACD alignment supports continuation potential. Divergence is absent; both oscillators corroborate the recent price surge.
Bollinger Bands
Bollinger Bands (20-day) are contracting, with the bandwidth narrowing to 4.5% from 6.2% two weeks ago, signaling reduced volatility and potential consolidation. The price closed near the upper band ($36.48), typically indicating strength. A sustained breakout above $36.48 could trigger an expansion phase targeting $37.50, while a reversal below the 20-day SMA ($35.63) may test the lower band ($34.28).
Volume-Price Relationship
Volume surged 25.8% to 7.72 million shares during the September 15 advance, confirming buyer conviction. This follows above-average volume on the September 10 decline (-3.32%, 16.4M shares), suggesting capitulation. The subsequent recovery on increasing volume validates the reversal, though sustainability requires ongoing volume support. The volume-weighted average price (VWAP) for the past month is $35.92, now acting as dynamic support.
Relative Strength Index (RSI)
The 14-day RSI reads 63, within neutral territory but ascending from oversold conditions three sessions ago. While not yet overbought (>70), its proximity to overbought levels warrants caution against exhaustion. The RSI’s upward slope aligns with price momentum, but divergence would develop if prices climb without corresponding RSI strength. Historically, Pinterest has sustained overbought conditions during strong trends, reducing its reversal-prediction efficacy.
Fibonacci Retracement
Applying Fibonacci retracement to the major downtrend from the February 7 high ($40.90) to the April 21 low ($24.21) reveals confluence at the 61.8% ($34.52) and 76.4% ($36.96) levels. Recent price action respected the 61.8% level as support, while the 76.4% level and the 50% retracement of the recent August swing high ($39.17) at $36.68 converge as immediate resistance. A breach above $36.96 may target the 100% extension ($40.90).
Confluence exists between Fibonacci resistance ($36.68–$36.96), the upper Bollinger Band ($36.48), and the psychologically significant $37.00 level, creating a critical resistance zone. The alignment of moving averages, MACD, and volume-supported price action underscores bullish momentum, though overbought KDJ and RSI readings advise against aggressive entries at current levels. No material divergences were observed; indicators collectively support upside potential following the recent consolidation break.