Pinterests stock price (PINS) edged down in the intraday levels after the current resistance of $44.65 held on, with the stock collecting profits and gathering momentum to pierce that resistance, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI despite reaching overbought levels, benefiting from positive pressure from trading above the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of $48.40, provided the initial resistance of $44.65 was breached.

Trend forecast: Likely Bullish