Pinterest (PINS) Surges in Market Leadership with RS Rating Increase – What Comes Next for the Social Media Giant?

Pinterest Stock Shows Stronger Relative Strength But Still Lags Benchmark

Pinterest (PINS) stock saw its relative strength (RS) rating increase from 67 to 75 on Tuesday, indicating that it is performing well in comparison to other stocks in the database. This unique rating by IBD measures market leadership on a scale of 1 to 99, with higher ratings indicating better performance. While research has shown that the best-performing stocks typically have an RS rating over 80 in the early stages of their upward momentum, it remains uncertain if Pinterest can continue to rise and surpass this threshold.

Currently, Pinterest is considered extended and has moved out of the buy range after hitting a buy point of 28.90 in a first-stage double bottom pattern in October. Investors should keep an eye out for signs of a new pattern or follow-on buying opportunities, such as a three-weeks tight formation or a pullback to the 50-day or 10-week moving average. Although earnings growth has slowed from 155% to 83% in the last quarter, revenue has increased from 11% to 12%. The company is expected to announce its latest performance figures around April 25.

Within the Internet-Content industry group, Pinterest stock ranks ninth among its peers. Some of the top-rated stocks in this group include Meta Platforms (META), Kanzhun ADR (BZ), and SEMrush Holdings (SEMR). As investors make their next moves, it’s important to stay informed about market developments and trends in order to make well-informed investment decisions.

Pinterest (PINS) stock saw its relative strength (RS) rating increase from 67 to 75 on Tuesday, indicating that it is performing well in comparison to other stocks in the database. This unique rating by IBD measures market leadership on a scale of 1 to 99, with higher ratings indicating better performance. While research has shown…

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