PINS, RSI Indicator left the overbought zone on Feb 11, 2021

12 февр. 2021 г.

This is a signal that PINS's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 26 similar cases where PINS's RSI Indicator left the overbought zone, and in 22 of them led to a successful outcome. Odds of Success: 85%. Current price $86.05 is above $72.34 the highest support line found by A.I. Throughout the month of 01/11/21 - 02/11/21, the price experienced a +21% Uptrend. During the week of 02/04/21 - 02/11/21, the stock enjoyed a +12% Uptrend growth.

Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PINS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.

PINS broke above its upper Bollinger Band on February 05, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.