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Palantir ($PLTR) IT MIGHT FINALLY BE TIME FOR A PULLBACK! 5 RY:NYSE:PLTR IT MIGHT FINALLY BE TIME FOR A PULLBACK! Retail investors don't hate me for this. I'm a shareholder, too! DIP BUY INBOUND?! 5 REASONS WHY: 1⃣ We have DIVERGENCE on the Weekly Chart 2⃣ We have Volume Profile Gap Down 3⃣ It's a TRIM according to my Valuation Metric Tool (0/6 score) 4⃣ Top 5 gainer in AMEX:SPY 5⃣ Have a SIP and find out by watching. 👇 Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Will Palantir finally have a pullback? What price would you like to load up on more shares? Not financial advice.
PLong
by RonnieV29
14
Palantir Validated a Liquidity Zone, Whats Next? If you saw my previous structural analysis, I had mentioned that Palantir was going to hit an institutional liquidity zone, and for the first time in several years, using common sense, the price was going to face rejection. And that’s exactly what happened... The price hit my point of interest and dropped for 3 days. However, the last candle with which we closed the week was green and had enough volume. Why is this? If we can see 2 candles before the close, we can detect a trap that created a long wick downward, preventing the price from falling further. That’s the detail we're seeing before the week’s close—the last candle was bullish. We also can’t ignore that Palantir is only about 2 weeks away from its earnings report. So, I don’t think the price will make a decisive move just yet, and even if it falls further, it would likely be around 38.50. However, the earnings strategy that traders are waiting for, where Palantir accumulates and begins to rise, is very close. So, we need to be very alert as we approach its earnings report on November 4th. Best regards, and thank you for supporting my analysis.
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by RocketMike111
Palantir at a Critical Turning Point – Big Moves on the HorizonAlright, here’s the deal with PLTR. I’ve been keeping a close eye on it, and right now, it feels like we’re standing at a fork in the trail—one direction leads to a nice payday, the other to a bit of backtracking. The next couple of moves will tell us which way we’re headed. We’re hovering around 42.75 right now, and if we can break above that with some force, 43.91 is my first target—good spot to lock in some profits. But here’s the thing: if we can clear 44, that’s where the real fun begins. That’s the confirmation we’re looking for, and from there, I think this could open up a much bigger move. On the other hand, if 41.65 doesn’t hold, things could get a bit rocky. I’ll be looking for price to drift down into the 41.28 - 41.00 range. Not ideal, but hey, markets don’t move in straight lines. That’s where I’ll watch for buyers to step back in and give us another shot at the upside. The key here is patience. If we get the breakout, I’m ready to ride the wave. If we pull back, no sweat—I’m not in the business of chasing trades. You gotta play this game cool, stick to the levels, and wait for the setup to come to you. No need to rush it. It’s kind of like hiking. Sometimes the first path up the hill looks tempting, but the trail turns steep, and you gotta fall back to find a better route. But when you do find that clean path—man, the view is worth the wait. That’s exactly what this trade feels like. If we clear 44, we’ve got some clear skies ahead, and I’ll be ready for the ride. But if not, I’m content to step back and wait for the next chance to make my move. Let’s see where this takes us—either way, it’s gonna be an interesting climb. Mindbloome trader
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by Mindbloome-Trading
ANALIZING PALANTIR ITS JUST COMMON SENSE... BUT BE VERY CAREFULLLet’s welcome Palantir (PLTR) into the weekend analysis! As we can see in the chart, today I wanted to do general structure analysis not too specific, as we are practically touching the highest level again in nearly 4 years. Congratulations to all who bought at $12–16 per share and are still holding Palantir, but as I show in the chart, from point A to point B, it took almost 4 years to reach these levels again. But here’s my question: WHAT WOULD YOU DO IF YOU BOUGHT AROUND $40 IN 2021? I’d love to know, as this situation can greatly influence each person’s psychology when making a fundamental decision in trading. (LEAVE YOUR OPINION IN THE COMMENTS) I want you to know that I don’t just focus on price analysis. I also study company valuation. Based on a fundamental analysis of its balance sheet and recent moves by PLTR, I’ve concluded that Palantir is currently 171% above its intrinsic value. In my personal opinion, my decision leans more toward common sense… What do I mean? 1. Palantir is 171% overvalued. 2. Palantir is diluting its investors like crazy! In every quarterly report. Do you know what dilution is? Stock dilution can be harmful to shareholders because the value of each share is reduced, even though the investor holds the same number of shares. This is because the total value of the company doesn’t increase proportionally with the number of shares. Palantir is an excellent company, although it’s a bit complicated to understand what they do and how they make money. But in my personal opinion, a company that dilutes its investors is nothing but a red flag to me—and a big red flag—because I call this the silent killer for investors. At this point, PLTR is more on the hype side! If Palantir reports well in November, we could see the stock above $50 per share, BUT if Palantir reports anything that doesn’t meet investor expectations, any data that falls short… Buckle up! But how much could it fall? The truth is, I don’t know. But if we base it on technical analysis, I have an important inflection point (purple zone) where I expect the price to bounce after a sharp drop. BUT CAUTION! Only if Palantir doesn’t meet expectations. An inflection point in trading refers to a critical moment on a price chart where the trend or price direction is expected to change. It marks the transition from one phase of price movement to another, often signaling a turning point in market sentiment or momentum. Traders pay close attention to inflection points as they may indicate a radical trend shift. Traders use these points to adjust their strategies, such as entering or exiting positions, to capitalize on the expected change in price direction. BUT WHAT WILL REALLY HAPPEN? I don’t know, maybe this time it will be different—who knows? But the only thing I can tell you is that numbers don’t lie, and neither does price action. So, I hope the decision you make is the right one! Thank you for supporting this analysis. Sending you my best regards!
PShort
by RocketMike111
2
PLTR: Watch out for these turning points! (D&W charts)PLTR broke through the resistance at $38 that we warned about in our last study, triggering another bullish continuation pattern. It has also broken through an important resistance on the weekly chart, which further reinforces the bullish bias. Now we have to update the main turning points to keep an eye on over the next few days. The link to our previous study is below this post, as usual. Daily Chart (Left): Higher Highs and Higher Lows: The price structure on the daily chart shows a consistent pattern of higher highs and higher lows, suggesting strong bullish momentum. This pattern indicates that buyers are stepping in at higher levels after each retracement, maintaining the trend. Support Levels: Immediate support is found around $38.30, which aligns with a previous minor resistance zone that was broken and turned into support. Below that, $36.05 remains a significant support level, as it is near tthe 21-day EMA, making this a double support area. PLTR needs to lose this key point in order to reverse the mid-term trend and trigger a sharper correction in the weekly chart. PLTR would need to lose the double support level seen on the daily chart is order to trigger a pullback. Gap at $31.04 (D) + 21-Week EMA: These two key points would act as targetts if a sharper correction materializes. The gap at $31.04 seen on the daily chart could work as a magnet, attracting the price to lower levels, while the 21-week EMA is another reliable support level on the weekly chart. Weekly Chart (Right): Ascending Channel: PLTR has been trading within an ascending channel since mid-2023, respecting both the upper and lower trendlines. The price broke the upper boundary of this channel, indicating a potential acceleration of the bullish momentum towards its next target. All-Time High Target: The all-time high for PLTR is around $45.00, and it is its next resistance level, meaning, it is our next target. Conclusion: PLTR’s bullish momentum is well-supported on both the daily and weekly charts. The price is maintaining a solid structure of higher highs and lows, with $36.05 acting as the nearest support and $41.00 as the immediate resistance. If the price manages to break through $41.00 convincingly, the all-time high at $45.00 could be tested. A sustained breakout above the ascending channel on the weekly chart would further confirm the continuation of the uptrend. Traders might consider waiting for a confirmed breakout above $41.00 or watching for a potential pullback to $36.05 as a safer entry point. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
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by Nathan_The_Finance_Hydra
4
PALANTIR Sell signal at the top of the 15-month Channel Up.Palantir (PLTR) gave us a solid buy signal 3 months ago (June 24, see chart below) as it respected the recurring bottom sequences within the 15-month Channel Up: Right now the price has been consolidating after a direct hit at the top (Higher Highs trend-line) of the Channel Up. The 1D RSI got overbought and started pulling-back on a standard Bearish Divergence, a formation which three time within this pattern turned-out to be a solid sell signal. The dashed Channel Up gives us a short-term Target on its bottom, which is where the 1D MA50 (blue trend-line) is trading at and is the short-term Support. That is our Target currently (Target 1 = 34.50). If and only if, we close a 1D candle below the 1D MA50, we will open a new sell, as it will be a bearish break-out signal. In that case, we will target a potential near contact with the 1D MA200 (orange trend-line), which is the long-term Support and where the remarkable buy entries of August 05 and January 31 were provided (Target 2 = 29.50). Keep in mind that the most optimal buy entry for the long-term (since May 2023) has been given by the 1D RSI and more specifically when it hits its Support Zone. We will continue to place buy long-term buys accordingly. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PShort
by TradingShot
7
PLTR signals over boughtPLTR breaks above its upward trend signaling that it is over bought and poised for a possible reversal When stock is trending upwards steadily, seeing it break above its upward trend is a sign of price exhaustion when this occurs we usually a experience a reversal shortly after sometimes stocks going really far into overbought zones before finally turning around. We see the last 2 hours of trading, the stock started selling off when smart money was in control indicating that the stock was too expensive
PShort
by ratchet-mint
Palantir Stock Set to Join S&P 500 Amid AI MomentumPalantir Technologies (NYSE: NYSE:PLTR ) has been at the forefront of discussions among bulls and bears alike. With its inclusion in the S&P 500, the company's strides in artificial intelligence (AI) are now drawing more attention than ever. On the one hand, bulls point to improved profitability and its AI potential, while bears remain skeptical about whether the company's revenue growth will reaccelerate to justify its valuation. Palantir’s AI Expansion Palantir’s data analytics software has long been integral to government operations, particularly in intelligence gathering, counterterrorism, and military missions. However, in 2023, Palantir set its sights on the commercial sector, aiming to use its Artificial Intelligence Platform (AIP) to drive growth beyond government contracts. The company's AIP is gaining traction. At its fifth AIP conference, over 100 organizations demonstrated their AI use cases, covering industries ranging from railroads to healthcare. Despite this momentum, some analysts express concerns over Palantir's high valuation, trading at 24 times 2025 estimated revenue. Bulls, however, see the potential of AI products to bring long-term growth, particularly with the company's recent defense contracts. Palantir’s success in AI also extends to government projects. The extension of its Project Maven contract by the U.S. Army brings in about $90 million annually, and the Department of Defense's AI office awarded Palantir a five-year contract worth $480 million. Additionally, Palantir’s $178 million contract for Project TITAN showcases its role in the future of battlefield AI. The company’s fundamentals remain strong, despite a deceleration in revenue growth. In 2023, Palantir grew its revenue by 17% year-over-year to $2.23 billion. The company generates around 60% of its revenue from government agencies, but with the commercial AI push, this balance may shift over time. It remains to be seen whether Palantir can continue to capitalize on its AI expertise in both sectors. Technical Outlook On the technical front, Palantir stock has been on a tear in 2024, up 107% year-to-date. Over the past three months, NYSE:PLTR has formed a bullish reversal pattern, surging from its lows and gaining strong momentum as it approaches its S&P 500 inclusion on September 23. This event is expected to further drive institutional interest in the stock as mutual funds and large investors will be required to hold shares. Palantir’s Relative Strength Index (RSI) stands at 72, indicating that the stock is in overbought territory. Despite this, the stock's bullish momentum shows no signs of stopping. On the daily price chart, a bullish harami pattern has emerged, signaling potential continuation of the uptrend. The next key resistance level is set at $42, a target that aligns with the highs from June 2021. If Palantir can break through this resistance, the stock could set new all-time highs. However, with the RSI in overbought territory, a short-term pullback is also possible as investors take profits. Palantir’s Accumulation/Distribution Rating of A reflects strong institutional buying over the past 13 weeks, further bolstered by its Composite Rating of 99 out of 99, signifying its overall strength in the market. Conclusion With Palantir set to join the S&P 500 and its AI ambitions expanding, the stock presents a compelling case for long-term investors. While valuation concerns linger, Palantir’s government contracts and AI-driven commercial growth provide a foundation for further upside. Technically, the stock is in a bullish reversal with momentum pushing towards a $42 target. However, investors should keep an eye on the overbought RSI and be prepared for possible short-term corrections. Palantir remains a stock to watch, blending AI innovation with solid government partnerships to maintain its place as a leader in both sectors.
PLong
by DEXWireNews
2
SMCI to get back up to 1000$ ?SMCI has an awfully similar chart to PLTR, both of them hit all time highs, and then crashed. Smci is now at its all time lows and is going to stay there for a bit. PLTR on the other hand, did hit an all time high and also fell. But, it has recovered and is on track to hit all time highs again. I think that SMCI is going to trace the chart of PLTR and go back to around 1000$-900$. Both companies had a big boom and at the top, were overvalued, and came crashing down. NVDA might be experiencing the same.
PLong
by alebogatov2
5
PLTR takes profit after gap upPLTR received some wonderful news lately and surged to dramatic highs very quickly Gapped up then rallied during yesterday trading before settling off Expected selloff is starting as hype wears off. We should expect to see more selling off in the near term before stock settles PLTR remains in the bullish zone so far. We are starting to see more weakness in risky tech assets forming. So expanding on long term bullish positions should be done cautiously.
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by ratchet-mint
4
Palantir ($PLTR) | The AI Revolution's PowerhouseNYSE:PLTR Palantir is no longer just a secretive "voodoo blackbox" company; its inclusion in the S&P 500 and its critical role in AI and data-driven government and commercial solutions have solidified its place as a dominant player in the AI software space. Known for its massive government contracts and deeply integrated AI systems like Gotham, Foundry, and Ontology, Palantir is a key asset in the ongoing AI revolution. The AI Narrative: With AI continuing to reshape industries, Palantir sits at the intersection of AI and data integration, holding massive potential for the future. The company’s success will ride on government and commercial AI adoption, as well as the expansion of its key platforms. The Setup: While we have scooped up initial entries between $7.50-$10 with multiple secondary entries on the way up, there will be more. This is a high conviction long-term play for the next decade. This is a top buy the dip stock. Key Buy Zones: Any pullbacks to $30, $28, or $21.79 are optimal entry zones for long-term investors. If a government shutdown occurs, it could provide a rare buying opportunity as it would freeze spending temporarily, a catalyst that could help us get in lower before the inevitable resumption of contracts. Long-Term Conviction: Palantir has proved that it's more than capable of scaling in the public sector and AI enterprise. This is a top-tier DCA (Dollar Cost Averaging) candidate, especially for those wanting exposure to the AI sector. We are confident that PLTR will never return to the teens again. Look to build positions on pullbacks for long-term holds. The Targets: $37 : Needs to break over this level to confirm continuation of strength, after which we would be looking for a retest of trend support from November 2022 ($28-$30). $45+ : Long-term target by next year. With sustained strength in AI, the stock could exceed this. $70 : Major long-term target. Palantir is in a prime position to capitalize on AI’s growth trajectory. With strong AI software, deep government contracts, and powerful platforms in the commercial sector, PLTR is a multi-year hold with high upside. Investors should focus on accumulating during pullbacks, as this stock is one of the rare opportunities to ride the AI wave long-term.
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by PennyBois
Palantir ($PLTR) Stock Surges on S&P 500 InclusionPalantir Technologies, Inc. ( NYSE:PLTR ), a leading AI-powered data analytics company, saw its stock soar in premarket trading on Monday. This rally comes on the back of two key developments: Palantir’s upcoming inclusion in the S&P 500 Index and a newly extended strategic partnership with bp, introducing cutting-edge AI capabilities. Here's a deeper dive into the technical and fundamental aspects driving Palantir’s recent surge. S&P 500 Inclusion and BP Partnership S&P 500 Inclusion: A Major Milestone Palantir’s addition to the S&P 500 Index is set to take effect on September 23. The S&P 500 is widely considered the best gauge of large-cap U.S. equities, comprising 500 leading companies that represent about 80% of the total market capitalization. Meeting the eligibility criteria for S&P 500 inclusion—a market cap of at least $15.8 billion, adequate trading volume, and primary listing on a U.S. exchange—marks a significant validation of Palantir's growing influence and profitability. Inclusion in the S&P 500 is a major positive for Palantir, as it will prompt index-tracking funds and ETFs to buy shares, thereby boosting volume and liquidity. Historically, stocks added to major indices see a surge in buying activity, as funds need to replicate the index composition. According to Wedbush analyst Daniel Ives, this move significantly bolsters Palantir’s profitability profile, further validating the company's growth trajectory. Strategic Partnership with BP: Extending a Decade of Innovation Palantir also announced an extended enterprise agreement with bp, strengthening a decade-long strategic relationship with the introduction of new AI capabilities powered by Palantir’s AIP software. This partnership will continue to leverage Palantir’s industry-leading digital twin technology, which integrates real-time data from over 2 million sensors into a unified operating picture. This collaboration has been pivotal in enhancing efficiency across bp’s oil and gas production, driving operational improvements through sophisticated digital simulations. The new AIP software will allow bp to safely utilize large language models (LLMs) for decision-making support, offering real-time suggestions based on comprehensive data analysis. Palantir’s robust infrastructure and transparent AI deployment aim to ensure reliable operations while safeguarding against potential AI errors. This partnership exemplifies Palantir's commitment to enhancing industrial efficiencies through AI, solidifying its role in bp's ongoing digital transformation. Bullish Momentum with Key Support and Resistance Levels Technically, Palantir’s stock shows a strong bullish momentum. As of the latest data, NYSE:PLTR is up 8.16% with an RSI of approximately 67, suggesting it is approaching overbought territory. Despite this, the stock’s positioning above key moving averages—the 50-day, 100-day, and 200-day MAs—indicates a continuous bullish pattern, signaling strong upward momentum. Key Support and Resistance Levels Palantir’s technical landscape features important price levels that investors should monitor. Key support is seen around $28.50, where the stock previously found a solid base before its recent surge. On the upside, resistance is expected near $35, a psychological level that could see profit-taking by short-term traders. A break above this resistance could trigger further gains, especially if the stock maintains its position above key moving averages. Volume and Liquidity Surge The inclusion in the S&P 500 is expected to boost trading volume and liquidity for Palantir, as index funds align their portfolios with the new composition. Increased volume typically enhances price stability and reduces bid-ask spreads, making the stock more attractive to a broader range of investors. Conclusion: Palantir’s inclusion in the S&P 500 and its strengthened partnership with bp highlight the company’s ongoing growth and strategic positioning in the AI and data analytics sectors. Fundamentally, these developments validate Palantir’s business model and market potential, while the technical indicators point towards sustained bullish momentum. However, investors should remain cautious of overbought signals and monitor key support and resistance levels. Palantir’s story is one of innovation and adaptation, making it a compelling long-term play as the company continues to expand its influence across industries through strategic collaborations and technological advancements. With its AI capabilities poised to revolutionize data analytics, Palantir remains a stock to watch closely as it continues to carve out its place among the giants of the S&P 500.
PLong
by DEXWireNews
PLTR: Will SP500 entry boost stock price to target?PLTR ending diagonal is taking time and stretching out. The last few weeks have been forming a bull flag and now the news of SP500 entry is poised to push the share price higher. On an expanding diagonal, wave 5 is expected to be longer than wave 3. So, the price target puts it to over $40 or higher. My plan hasn't changed. My long term load target will come after the intermediate degree wave 1 is complete. Short term, I am looking for a long entry to catch the next wave. Broader market is getting pretty weak, so, a bounce is expected. PLTR will most likely take the crown during that bounce.
PLong
by mukit1
Technical Analysis on Palantir Technologies Inc (PLTR)Palantir ( PLTR ) is currently in a short-term bullish phase, as indicated by the green trendline, which began in May 2023 with the breakout of the descending trendline (orange) accompanied by a gap up and increasing volume. The stock has recently broken above the resistance zone R1, which it is currently retesting. Bullish Scenario: A short-term bullish scenario would see a move toward the next resistance level R2 in the $38-$40 area. Bearish Scenario: If the retest of resistance R1 fails, the stock could move towards the support areas, where potential entries could be considered if one anticipates a rebound: The POC area around $24; The weekly support S1; The weekly support S2. The support zones S2 and S1 are more clearly visible on a monthly timeframe:
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by Giovanni_Bandini
PALANTIR Correction starting. Short or wait to buy on that levelPalantir Technologies (PLTR) have been trading within a Channel Up since the May 04 2023 Low. Last week the price reached the pattern's top (Higher Highs trend-line) and technically we expect that to be the end of the recent Bullish Leg, as also indicated by the Sine Waves. Naturally we anticipate a medium-term pull-back in the form of a Bearish Leg. The previous 3 Bearish Legs have been under the form of Lower Highs that broke below the 1D MA50 (blue trend-line) and hit at least the 1D MA100 (green trend-line) before rebounding again into a new Bullish Leg. As a result, we expect to see at least a test of the 1D MA100, which short sellers can target $26.00. This is also above the minimum %correction we've seen inside this pattern (-25.90%). The strongest buy signal inside this long-term Channel Up is historically give when the 1D RSI hits the 35.85 - 30.20 Support Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PShort
by TradingShot
PLTR: Broadening Wedge for an epic ending diagonalOwning PLTR would be a roller coaster ride for the last one year. This move is looking more like a broadening wedge formation. Even though it is not a very common ending diagonal pattern, it still can play out like one. RSI has been steadily making a lower high as price is making higher high. Each impulse is met with crushing correction and invalidated patterns. Long and short equally reckt. All signs point to an ending of an expanded wave 5. Price can hit all time high by end of this year or get close. My target would be at least $40, which would be 1:1 with minute degree wave 3. We should expect a pull back in the next couple of weeks and then a steady move up. I don't have a position but I will be watching this last move carefully to target a short for intermediate degree wave 2 short and followed by a generational entry point for intermediate wave 3. Hopefully, sometimes early next year, opportunity will arise to buy and hold pltr until I retire....
PLong
by mukit1
Palantir Stock Surges 10% in Premarket Trading on TuesdayKey Takeaways: - Palantir Technologies shares surged in extended trading Monday after the company reported better-than-expected quarterly results. - The company lifted its full-year guidance on strong demand for its artificial intelligence platform. - Palantir reported second-quarter revenue of $678.13 million, a 27% year-over-year increase, and net income of $134 million. - CEO Alex Karp highlighted "unbridled demand" for Palantir's software as a key driver for the strong quarter. In a significant market move, shares of Palantir Technologies Inc. (NYSE: NYSE:PLTR ) soared in premarket trading on Tuesday following the company's announcement of its second-quarter earnings. The data analytics giant exceeded Wall Street’s expectations, reporting a record high in quarterly earnings per share, driven by robust demand for its Artificial Intelligence Platform (AIP). Earnings Beat Expectations Palantir reported second-quarter revenue of $678.13 million, marking a 27% increase compared to the same period last year. This figure surpassed analysts' estimates compiled by Visible Alpha. Net income for the quarter stood at $134 million, translating to an earnings per share (EPS) of 6 cents, which also exceeded projections. CEO Alex Karp attributed the strong performance to an "unbridled demand for and understanding of the capabilities of our software." The company’s commercial revenue saw a notable increase of 33% to $307 million, with U.S. commercial sales growing by 55% to $159 million. Strong Full-Year Guidance Palantir’s positive momentum is reflected in its optimistic guidance for the remainder of the year. The company now anticipates third-quarter revenue to range between $697 million and $701 million, surpassing analysts' forecasts. Furthermore, Palantir has revised its full-year revenue guidance upward to between $2.74 billion and $2.75 billion, up from the previous range of $2.68 billion to $2.69 billion. Market Reaction and Future Outlook Despite initial volatility, with shares opening 12% lower on Monday, Palantir staged an impressive intraday reversal. This move, marked by the highest trading volume since early May, suggests that larger market participants may have anticipated a significant earnings-driven move. Technical Analysis: Key Price Levels Looking ahead, investors should monitor key technical levels where Palantir (NYSE: NYSE:PLTR ) shares could face selling pressure. The $27 to $29 range is crucial, as it represents a resistance zone from trendlines connecting multiple swing highs since December 2020. A decisive close above this range could pave the way for a move towards the $39 level, where sellers might lock in profits near the February 2021 swing high. A more bullish scenario could see Palantir retesting the $45 region, challenging its record high set in late January 2021. For long-term investors, projecting a target above the all-time high (ATH) using historical trends suggests a potential price target of around $50.50. Conclusion Palantir Technologies continues to solidify its position as a leader in the AI-driven data analytics space. With its robust quarterly performance and increased full-year guidance, the company is well-positioned to capitalize on the growing demand for its AI platform. Investors should keep an eye on key technical levels as Palantir navigates its next growth phase.
PLong
by DEXWireNews