Pinterest stock hit an uncomfortable crossroads on August 4. Shares rallied to $25.58, stretching the chart across every timeframe. Then after-hours brought a 7% drop as weak Q3 guidance clashed with an otherwise strong Q2 earnings beat.
Key takeaways
- Pinterest stock closed at $25.58 on August 4, above its daily Bollinger upper band at $25.14
- RSI14 reached 70.68 on the daily chart, firmly overbought before earnings
- After-hours trading saw a 7% drop following weak Q3 revenue guidance
- Q2 earnings beat Wall Street expectations, but the Q3 outlook disappointed
- Daily ATR at 0.91 already flagged elevated volatility ahead of the known catalyst
