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PLTR

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
PALANTIR Still not late to BUY if you missed it.Palantir (PLTR) has been one of our best performers on our stock portfolio, with the last 3 signals since December 2023 (see charts below), being spot on: The last one is the more recent (May 02) and as you can see, the Inverse Head and Shoulders (IH&S) pattern right at the bottom of the 1-year Channel Up is following our expected course very closely and is on its way to hit the $29.00 Target. We see that the delivery of this new Bullish Leg is through a Bullish Megaphone seeking the lower Support cluster of the 4H MA50 (blue trend-line) - 4H MA200 (orange trend-line) - 1D MA50 (yellow trend-line). We are expecting $29 within 30 days. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
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by TradingShot
PLTR, expect new SERIES OF HIGHS in the next coming months!PLTR Growth Momentum hasn't waned a tiny bit. The stock keeps ranging at the 52 wk high most of the time suggesting an "Alpha" stock characteristic. Yesterday's price movement was another testament of buyer's weighty positioning of this soon-to-be-massive-valuation stock. It is named the future MSFT of today's era. The recent price growth (+6% yesterday's session) was augmented by another good news: Palantir (NYSE:PLTR) recently acquired about 6 million more shares of Rubicon Technologies (NYSE:RBT), bringing its stake in the firm to 6.2%. Palantir’s purchase of the shares appears to have been required by a deal that the company signed with Rubicon last year. As of this writing, PLTR stock is up by about 5%. Palantir creates and markets data analysis tools. Meanwhile, Rubicon operates “a digital marketplace for waste and recycling service.” Rubicon is also one of Palantir’s customers. In our monthly chart, Histogram is recording 5 straight months of ascend -- talk about 'value' strength of this stock. On tri-monthly data, the elusive bottom line shift has appeared after 3 years. This is already a huge hint of the momentum going upside. Net buy volume has surged an impressive 20+ % and it continues to grow on a weekly basis. Coming QTR2 earnings (Aug. 2023) results is expected to come in 'green' at $536M. Expect more significant price growth for PLTR. And it's not all hype, there is meat into it. At current valuation, it is still a bargain in my opinion. A 3-digit valuation in the future will not be farfetched based on metrics and progressive developments on the company. Spotted at 17.00 TAYOR Safeguard capital always.
PLong
by JSAL
9
PLTR Analysis: Daily and Weekly InsightsDaily Chart: Resistance Levels and Breakout Potential The daily chart of PLTR reveals a strong bullish movement with the price recently testing the resistance at 25.47. Historical resistance levels are marked at 25.47 and 27.50, where the price has previously faced rejections, as indicated by the red arrows. The 21-day EMA acts as a dynamic support level, maintaining the bullish momentum. A decisive break above 25.47 could signal further upward movement towards the next resistance at 27.50, while a failure to break could lead to a retest of the support at 24.03, or even the 21 EMA again. Weekly Chart: Ascending Channel and Sustained Uptrend The weekly chart shows PLTR trading within a well-defined ascending channel, indicating a sustained uptrend. The price is supported by the 21-week EMA, which aligns with the lower boundary of the channel. Key support levels include the 21-week EMA and the channel's lower boundary. The price is currently approaching the upper boundary of the channel, suggesting potential resistance around 26-27. A breakout above this channel could further accelerate the bullish trend, while a pullback might find support around 22-23. On the other hand, if PLTR loses the key support levels on the daily chart, we could see it retesting the 21 EMA/bottom line of its channel in sequence. Conclusion: Bullish Momentum with Key Levels to Watch Both the daily and weekly charts of PLTR indicate a strong bullish trend. On the daily chart, the key level to watch is the resistance at 25.47, with potential for a breakout towards 27.50. The weekly chart's ascending channel suggests sustained upward momentum, with support from the 21-week EMA. From now on, we should monitor these levels for breakout or reversal signals, with a focus on maintaining the bullish momentum above the key support levels. 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
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by Nathan_The_Finance_Hydra
PLTR: Potential Giant H&SIt's not quite there, but it's certainly on track... don't take this as a prediction of the future because well that's impossible. Lot's will need to line up for this to occur but so far so good. Retailers selling off, institutions are buying, and the company is growing 20% YoY. If growth improves near the 14-15 dollar levels, we could see a very bullish reversal. If we get down to the 15's, I think it would be a blessing. Best of luck y'all. This isn't trading advise. Make your own decisions. This is just some fun technical analysis.
PLong
by HassiOnTheMoon
Hedge $PLTR... but WHY?!PLTR 5/24 Hedge Trade NYSE:PLTR reported earnings pre-market on 5/7. After exceeding expectations, NYSE:PLTR has been range bound. An option trader most likely a hedge fund or some kind of firm created a significant wall due to purchasing too many contracts valuing over $106.7K. This may seem like a low amount especially for options but for NYSE:PLTR this is too much. I will be looking to play the hedge (bet against) the original trade and grab ITM Puts for 5/24. Only if we lose momentum top the upside
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by OakFDom
PLTR Bullish Note A NYSE:PLTR s a software company PLTR seems to be doing great and the past earnings weren't the exception. Even when price is down because of a less than prior quarter growth rate in commercial revenue, fundamentals seems solid with the only issue being a very high P/E ratio. From a technical perspective, the price is resting on a strong support zone and held the current trend line that has been following from october 2023. If the price goes up above the 20 y 50 EMA I would expect it to reach 27.50 that would be the price target of the preceding falling wedge. Let's see. Target 27.50 Stop 20.40
PLong
by Alfonsoe21
PALANTIR bottomed on this Inverse Head and Shoulders pattern.Palantir (PLTR) easily hit our $24.50 target last time we published a call with you here (February 06 2024, see chart below) and shortly after started to correct: The price has now hit and rebounded on the 4H MA200 (orange trend-line), forming so far an Inverse Head and Shoulders (IH&S) pattern, which is technically a bottom formation. This is the very same pattern that was formed on both previous bottoms of the 1-year Channel Up. On top of that, it broke and re-tested the Lower Highs trend-line, which again on both previous bottoms, it was a successful buy signal. In addition, the 1D RSI rebounded on the 1-year Support Zone. We are currently on that exact time within the 4H MA50 (blue trend-line) and 1D MA50 (yellow trend-line). A closing above the latter, should be the final buy confirmation. Our medium-term Target is $29.00 which represents the 1.236 Fibonacci extension, which was where the November 21 2023 Higher High was priced. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PLong
by TradingShot
4