Pinterest ($PINS) - Fibo/Trend-line tradeShorting $PINS at the 50% fibo with an RSI TL and Oversold indication. Pinterest has historically performed poorly even prior to the pandemic. Great short setup in play for a good run down.
PINS trade ideas
Pinterest GAP Target - Elliot and 3 Rising ValleysPotential rise to cover GAP.
Problems: The third valley was not fully completed. If the 4th wave is too big, it will hit stop loss.
Bulltrap ontop a bearflag Wedge breaking down back into flag. Looking to retest lower fib levels of the drop.
PINS possible correction Seems 5 waves of elliot have completed and we need correction. be careful that we are still in the rising wedge, so wait for braking the wedge, before getting short position.
retracements are based on fib levels. also we are still in a downward logarithmic fib channel.
PINS near term bearish biasPINS is demonstrating a textbook bearish triangle on hourly timeframe and has weakening momentum which leads me to bealieve the sellers will win this battle and send it down to the tone of $1.5-2 next few trading sessions on breakout
New Target for PINS
NYSE:PINS the market can seek 18.80 respecting 0.5 line of the Fibonacci. So, the market can to seek 0.5 for PINS next week.
Pinterest (PINS) Daily Chart
PROs:
Revenue is forecast to grow 17.77% per year
Revenue grew by 51% over the past year
PINS’s Revenue is forecast to grow faster than the US market per year
PINS’s short & long term assets exceed its short & long term liabilities
PINS has solid balance sheets
PINS has sufficient cash runway for more than 3 years
Earnings beat expectations over the last 3 quarters
Analysts are optimistic about PINS
CONs
Shareholders have been diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
Highly volatile share price over the past 3 months
1 year return = -37%
PINS underperformed the US Interactive Media industry over the past year
PINS underperformed the US market over the past year
PINS share price is slightly overvalued compared to its fair value price
PINS’s Return on Equity is forecast to be low in 3 years time
Last 3 years earnings growth = -2061%
PINS has a negative return on Equity
PINS doesn’t pay a dividend
Report:
From a Fundamental standpoint, the data is mixed, so it's difficult to make an assumption based on that alone. On the technical front, PINS has been declining from the 22 of August 2019. An attempt was made to recover on the 16th of December 2019 but failed on the 7th of February this year, and the decline resumed. The rally of late started on the 19th of March this year and has brought us within spitting distance of the top of the descending channel and the 38.2% Fibonacci retracement level (taken from the August highs of last year and the March lows of this year). What happens at (1) could determine the direction for the short to medium term.
Bottomcatcher’s Opinion: If we can convincingly break, hold and close above the 38.2% fib level on the Weekly time frame, we could consider taking a long position with a stop loss below the top of channel line (which will become support). Alternatively, if resistance holds at (1) we can expect to see a further decline, which would negate the long trade set-up.
Note: Levels are subject to change in the near future.
Tough to make long calls in this market but I like PINS hereMaking long calls in this market is tough to say the least. However, finding companies that are a little insulated from Covid could be the key.
I'm looking for some strength in PINS over the next week. Of course the market needs to perform too.
Daytrading RECAP 04/08/20 - 3 Longs & 1 Short for +1.6%!Hi traders,
Tom with another recap here.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
I switched to video recaps so you can see the charts in greater detail. Let me know if you like it!
Four trades today:
1) UPS - LONG @95.04, stopped out at 94.27 for a little under -1%
2) T - SHORT @29.62, closed half at 2:1 and the rest at B/E (messed that up). Total profit a bit over +1%
3) NVAX - LONG @16.75, closed half at 2:1 and let the rest run some more, closed just before 18 for a total of +2.5%!
4) PINS - LONG @16.9, the stock couldn't hold the pressure and collapsed into my SL @16.4 for -1%
Total PnL for the day: +1.6%
Total PnL for the week: +2.05%
In hindsight, I left money on the table with T and should've reversed PINS after it stopped me out and showed big pressure to the downside.
Mistakes are great teachers for your trading, learn to accept them and work with them!
Good trades and let me know how your Wednesday trading went!
Tom from FINEIGHT
$PINS Pinterest rising after hours pre-announced results
Pinterest, Inc. (NYSE: PINS) today provided preliminary financial results for the quarter ended March 31, 2020. Pinterest has also determined to withdraw its financial guidance for the full year 2020 due to the growing uncertainty of the impact of COVID-19 on the global operating and economic environment and the resulting effect on advertiser demand.
Based on information available to it through the date of this statement, Pinterest preliminarily expects revenue for the quarter ended March 31, 2020 in the range of $269 million to $272 million. For the quarter ended March 31, 2020, it also expects global monthly active users in the range of 365 million to 367 million, with 89 million to 90 million in the U.S. and 276 million to 277 million internationally. Pinterest ended the first quarter with a strong balance sheet, with approximately $1.7 billion in cash, cash equivalents and marketable securities on March 31, 2020, no financial debt, and an undrawn $500 million revolving credit facility.
Pinterest is withdrawing the revenue and adjusted EBITDA margin guidance for full year 2020 that it initially issued on February 6, 2020. In light of the rapidly evolving and unpredictable effects of COVID-19, Pinterest is currently not in a position to forecast the expected impact of COVID-19 on its financial and operating results for the remainder of 2020. As the COVID-19 pandemic has continued to unfold, it has impacted Pinterest’s advertising revenue globally.
"The near-term financial impact of this pandemic is rapidly evolving and difficult to measure and quantify. First-quarter revenue performance was consistent with our expectations through the middle of March, when we began to see a sharp deceleration. Fortunately, despite weakness across nearly the entire advertising market, our exposure to some of the most affected segments like travel, automotive, and restaurants has not been significant," said Todd Morgenfeld, CFO, Pinterest. "Based on our current visibility, we expect to evaluate planned expenses while continuing to pursue and prioritize objectives that fuel the long-term growth of the company."
"These are clearly tough times for everyone. But we are really proud that people all over the world are finding inspiration on Pinterest as they navigate this new reality," said Ben Silbermann, CEO and co-founder, Pinterest. "More than ever, people need great ideas on everything from building a home office to activities to do with their kids. In the last two weeks, we’ve seen record levels of engagement in Pinners searching for and saving ideas, and creating new boards to organize their projects. We plan to continue doing everything possible to keep delivering for them."
The foregoing results are preliminary and subject to change following completion of Pinterest’s quarter-end review process. Pinterest plans to provide more detail around its first quarter 2020 results on its earnings call on May 5th at 2:00 p.m. Pacific Time.
Separately, Pinterest also today announced that Françoise Brougher, the Company’s Chief Operating Officer, would be leaving Pinterest, effective as of April 7, 2020, and Todd Morgenfeld will assume her responsibilities.
"I am deeply grateful to Françoise for her substantial contributions to Pinterest. As we continue to position the company for long-term growth, we believe consolidating our financial and COO organizations under one leader will accelerate our speed of execution," said Ben Silbermann. "We believe Todd’s wide range of experience across diverse organizations -- including the Army, investment firms and large tech companies -- has prepared him to navigate our current circumstances with business acumen, as well as operational and financial rigor."
$PINS to ~15All indicators (OBV, MACD, RSI) have bullish upward trend going on, with the RSI indicator @ ~38, slowly coming out of oversold levels
Furthermore, there is a beautiful hammer candlestick right off the 8MA (green line) - which could indicate that buyers are ending their rest and starting to buy the stock again - followed by very low selling volume.
Because of all these reason, I believe $PINS will hit two price targets:
1: 14.22
2: 15.34
$PINS*trade idea for $PINS*
divergence btwn stock trend and oscillators.
$PINS is bullish on ALL indicators - in order: OBV, MACD, and RSI - (white lines), while the stock is trending down (orange bottom line).
lmk what you guys think, all feedback is appreciated
Bullish outlook for Pinterest Looks like volume is picking up and #pinterest is going to make up the gap loss from November 1st. There was news that Pinterest passed Snapchat as number 3rd biggest Social Media App . I think it has the potential to go on a bullish run with my target being in the $30-35 range.
Pinterest is worth your interestPinterest #PINS is a fast-growing company with favorable demographics, the stock has dropped in price while outperforming expectations.
Pinterest (PINS) debuted on the public markets less than a year ago at a price of $23.75. Since that time, Pinterest has dropped in price by a great percentage and do not thing for a moment that the coronavirus is to blame 🙂
The interesting part is that Pinterest has actually been profitable and has beaten earnings estimates in the last quarters. So why is it that Pinterest is dropping strongly, why? Because fundamentals are not that important when trading a supply and demand strategy.
I’ve happened to read that some analysts are claiming that Pinterest #PINS is a buy for anyone with at least a two-year time horizon. Well, it may be that Pinterest stock will be revalued in two years time, but why buying Pinterest now and lock in part of your capital in a stock that is dropping like a rock reacting to super strong weekly supply zones?
It makes no sense how some analysts and web sites are recommending buying Pinterest stock to hold it for two years when the stock is in a clear downtrend.
Take a look at Pinterest #PINS supply and demand weekly timeframe analysis. There is a strong weekly supply around $25 per share, these supply zones act like magnets to price, a price level where there are a lot of interest by professional investors.
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Trade Journal - Long $PINS - Holy Grail Trade - 2/19/2020PINS recently gapped from earning but failed and pulled into the previous gap up area. PINS had recently bottomed last year but broke out and is now in a strong uptrend holding the 20DMA. Following this gap up and pullback, PINS is now at the 20DMA and bounced off it on the 30m timeframe. This is considered a Holy Grail Trade where a trending stock holding the 20DMA pulls back into the 20DMA.
Entry - 23.61
Stop loss - 22.60
Target - 27
Pinterest Fills the Earnings GapPinterest has been making news this year. First, eMarketer said it surpassed Snap as the third-biggest social-media platform in the U.S. The second headline was a strong earnings report on February 6, featuring beats on the top- and bottom lines.
PINS gapped higher on the results and then pulled back -- as you might expect. But then it kept sliding on the last big news story: Facebook's launch of a competing app.
That was good news for potential buyers because it brought PINS all the way back down to fill the earnings gap.
The next signal came yesterday when PINS formed a bullish outside day/engulfing candle. That potential reversal pattern suggests the short-term bearishness is finished.
We're using an hourly chart here to show how PINS is holding the 100-day simple moving average. This can be a useful indicator for equities when the daily chart lines up. Multi-time frame analysis is in our blood at TradeStation!
