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PALANTIR TECH INC CEDEAR EACH 3 REP 1 ORDPALANTIR TECH INC CEDEAR EACH 3 REP 1 ORDPALANTIR TECH INC CEDEAR EACH 3 REP 1 ORD

PALANTIR TECH INC CEDEAR EACH 3 REP 1 ORD

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PLTR trade ideas

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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PLTRShort
by TradingShot
PLTR for tomorrow 8/29/2023Price Action Overview: Downtrend Channel: PLTR is currently trading within a well-defined downward channel. The price has been making lower highs and lower lows, indicating bearish momentum. Key Resistance Levels: $31.65 - $31.51: This area is a strong resistance zone where the price was previously rejected. It also marks the upper boundary of the red shaded area, indicating a significant supply zone. $30.25: Another resistance level within the downtrend channel. The price attempted to hold above this level but failed, leading to a continuation of the downtrend. Key Support Levels: $30.00: The price is hovering around this level, which aligns with a psychological support level and the lower boundary of the current trading range. $29.76 - $29.50: This zone is the next support area, with $29.50 being a significant low that might provide some temporary support. $29.15: The most recent low marked on the chart. If the price breaks below this level, it could lead to further downside. Indicators: Stochastic Oscillator: The stochastic oscillator is currently in the oversold territory. This suggests that the selling momentum might be weakening, and a potential bounce could be imminent. However, in strong downtrends, the price can remain oversold for extended periods. Outlook for Tomorrow: Bearish Bias: The overall trend is bearish, and as long as the price stays within the downward channel, the path of least resistance is down. However, the oversold condition on the stochastic oscillator might lead to a short-term bounce. Potential Scenarios: Bounce Scenario: If the price finds support around $29.76 - $29.50, it might attempt a bounce. The first target for a bounce would be $30.25, followed by $30.50, which aligns with the upper boundary of the channel. Breakdown Scenario: If the price breaks below $29.50 and particularly $29.15, it could lead to further downside, potentially targeting the $28.50 - $28.00 range. Entry/Exit Points: Long Entry: Consider entering a long position around $29.50 - $29.15, with a tight stop loss just below $29.00. This trade would be a counter-trend trade, aiming for a bounce. The target could be the $30.25 - $30.50 area. Short Entry: If the price bounces back to $30.25 - $30.50 and shows signs of weakness, this could be a good area to enter a short position, aiming for a move back down to $29.50 or lower. Stop Loss: For longs, a stop just below $29.00; for shorts, a stop just above $30.50. Final Thoughts: Given the current downtrend, the overall sentiment is bearish, and caution is advised when taking long positions. If you're looking for a safer play, waiting for a clear break of the downward channel (either up or down) might offer more reliable entry points.
NYSE:PLTR
by BullBear-Insights
PLTR: Back to a critical inflection point! (D&W charts)As we warned in our previous analysis, PLTR hit a very dangerous resistance area and since then it has correlated sharply and we are seeing some bearish signals. Daily Chart On the daily chart, PLTR recently tested the main mid-term support level around $29.83, which aligns with the previous top on July 18. This area now acts as support due to the Principle of Polarity, where a former resistance level becomes support after being breached. The price action shows that PLTR is currently testing this support, and a failure to hold above it could indicate further downside potential. The 21-day EMA is trending downward, indicating short-term bearish momentum, and it is acting as a support level too, making this area a double support zone. The price previously showed signs of forming a top signal after failing to break higher from the recent highs around $31.34, which also coincides with a long-term resistance level. This resistance was established after closing a gap that was left open for 3.5 years, adding to its significance. Weekly Chart The weekly chart provides a broader perspective, highlighting that PLTR has been trading within an ascending channel since early 2023. The recent price action shows a failure to break above the upper boundary of this channel, followed by a pullback. The rejection from this upper channel line, combined with the resistance at $31.34 (the gap closure level), suggests a potential top formation. The weekly candle indicates a reversal from this resistance zone, further supported by the bearish engulfing pattern that has emerged. This bearish sentiment aligns with the top signal identified on the daily chart. Key Levels to Watch Support: $29.83 (daily chart), which aligns with the previous top on July 18. Resistance: $31.34 (weekly chart), where the gap was closed after 3.5 years. Lower Support Zone: The lower boundary of the ascending channel on the weekly chart, currently around $23. Summary PLTR is showing signs of weakness after testing and failing to break above the long-term resistance at $31.34. The rejection from this level, combined with the bearish patterns on both daily and weekly charts, suggests a potential for further downside. For now, we should watch the support at $29.83 closely; a break below this level could lead to a deeper correction towards the lower boundary of the ascending channel. The overall trend remains within the ascending channel, but caution is advised given the recent top signals. 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.
NYSE:PLTR
by Nathan_The_Finance_Hydra
Palantir: Another Downward Move is PossiblePalantir: Another Downward Move is Possible We have identified another bearish Harmonic Pattern on our radar. Upon completion near $33.12, we observed an aggressive price reaction, reinforcing the validity of our pattern. This indicates that sellers were well-positioned around $33, suggesting a correction is imminent. In a typical scenario, Palantir could decline to around $28. However, in a more aggressive bearish scenario, it could drop as low as $22. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NYSE:PLTRShort
by KlejdiCuni
6
Palantir: A Star Poised to AscendIn the world of cutting-edge technology, Palantir stands out as a beacon of innovation and transformative power. Its revolutionary software platform, Foundry, has revolutionized the way organizations harness the power of data to drive meaningful insights, enhance decision-making, and optimize operations. As the demand for data-driven solutions continues to surge, Palantir is poised to become an indispensable force shaping the future of business and society. Palantir's exceptional growth trajectory and expanding client base speak volumes about its transformative potential. The company's expanding reach across industries, from government and defense to healthcare and finance, underscores its ability to address a wide range of critical challenges. Palantir's commitment to innovation and its ability to adapt to evolving market needs further solidify its position as a leader in the data intelligence space. As Palantir continues to scale, its stock is set to soar, reflecting the immense value it delivers to its clients and the profound impact it has on the world. Investors who recognize the company's transformative potential are well-positioned to reap significant rewards from Palantir's meteoric ascent.
NYSE:PLTRLong
by SabahEquityResearch
6
PLTR (Palantir Technologies Inc.) for tomorrow August 23, 20241. Trend Analysis: Short-term Trend: The price is currently within a rising channel but is testing the lower trendline. This suggests a potential retest of the lower support or a possible breakdown if the price fails to hold. Volume Profile: The Volume Profile (VPVR) indicates a significant amount of trading activity around the $31.64 level, which could act as a strong support. A breakdown below this level could lead to a sharp move downward. 2. Key Support and Resistance Levels: Resistance Levels: $33.13: Marked as the recent high, this is a significant resistance. If the price manages to break above this level, it could indicate further upside potential. $32.56: Another minor resistance level just above the current price, this might act as a short-term barrier. Support Levels: $31.97: Currently acting as immediate support. A breakdown below this level might lead to a test of lower levels. $31.64: This is a more substantial support level, where the price might find strong buying interest. $31.00: If the price breaks below $31.64, this level could act as the next major support. 3. Indicators: MACD: The MACD is currently showing a potential bullish crossover. This indicates that momentum might be shifting to the upside, suggesting a possible reversal or continuation of the upward move. Volume: There has been an increase in volume, especially during the recent down move. This could either indicate selling pressure or a potential bottom if buyers start stepping in. 4. Price Action & Strategy: Entry Point: Bullish Scenario: Enter long if the price breaks above $32.05 with strong volume, targeting the resistance at $33.13. A breakout above $33.13 could lead to further upside potential. Bearish Scenario: Consider shorting if the price breaks below $31.64 with strong volume, targeting the $31.00 level as the next support. Exit Point: For Longs: Consider taking profit near $33.13 or trail your stop-loss if the momentum remains strong. A stop-loss could be placed just below $31.97. For Shorts: Consider taking profit near $31.00 with a stop-loss just above $32.05 if the bearish scenario plays out. 5. Forecasted Direction: Given the current setup, the forecasted direction is slightly bullish if the price holds above $31.97 and shows strength above $32.05. However, a breakdown below $31.64 could shift the direction to bearish, leading to a further downside. Key Takeaways: Watch for a breakout above $32.05 for a potential long position. Watch for a breakdown below $31.64 for a potential short position. Use MACD and volume as confirmation tools for the move.
NYSE:PLTR
by BullBear-Insights
Technical Analysis (TA) for Palantir Technologies Inc. (PLTR):Based on the screenshot you provided, here’s a detailed analysis of PLTR for tomorrow and the rest of the week: Current Market Overview: Trend Line: PLTR has been following an upward trend, but recently it has broken below this trend line, which could be an early sign of a potential trend reversal or a pullback. Ichimoku Cloud: PLTR is trading within the Ichimoku Cloud, which suggests a state of indecision in the market. The price is nearing the lower boundary of the cloud, which might act as support, but the overall trend could be weakening. Key Support and Resistance Levels: Resistance Levels: $33.00 (Immediate resistance, coincides with recent highs) $32.98 (Current resistance level, closely aligning with the previous) Support Levels: $32.00 (Current price level and potential support, psychological level) $31.69 (A more substantial support level) $30.63 (Next significant support, if the $31.69 level breaks) Volume: The recent candle shows a bearish sentiment with increased volume, indicating selling pressure. The bearish movement suggests potential further downside if key supports fail. Forecast and Trading Strategy: Bearish Scenario: Short Entry: If PLTR fails to hold the $32.00 support level and breaks below it with strong bearish momentum, a short position might be favorable. Targets: First target at $31.69. Second target at $30.63 if the selling pressure continues. Stop-Loss: Consider placing a stop-loss slightly above $33.00 to manage risk in case of a reversal. Bullish Scenario: Long Entry: If PLTR finds support around $32.00 and shows signs of a bullish reversal, consider entering a long position. Targets: First target at $33.00. Second target at $34.25, where a previous high was noted. Stop-Loss: Set a stop-loss just below $31.69 to protect against a breakdown. Neutral Scenario: If PLTR remains within the Ichimoku Cloud without a decisive move, it may be better to wait for a clear breakout above $33.00 or breakdown below $31.69 before taking a position. Market Sentiment and Final Thoughts: Keep an eye on broader market conditions and any news that might affect PLTR. The stock appears to be in a critical juncture, and the next few days will be crucial in determining its direction. Given the current setup, the next significant move could be triggered by either a breakout above $33.00 or a breakdown below $31.69. Adjust your trading plan based on intraday price action and volume analysis. Let me know if you need any further insights or additional details!
NYSE:PLTR
by BullBear-Insights
#Palantir Technologies Inc $PLTR to 40$ Palantir's revenue growth has accelerated since the company launched its Artificial Intelligence Platform (AIP) last year. Revenue from private sector U.S. customers grew 55% year over year in the second quarter, but the remaining value on those deals (booked but not yet recognized) more than doubled. The company's U.S. customer count rose to 295, an 83% increase from a year ago and a 13% increase from the prior quarter. This data points to building growth momentum as companies flock to Palantir for help tapping into AI technology. Overview: Palantir Technologies Inc. develops and implements a wide range of software platforms that analyse data and provide real-time outputs for optimizing operations inside hospitals to intelligence and counterterrorism operations globally, with a market cap of $71.84 billion. This highly diverse technology creates broad appeal and shows up in Palantir's business results. Results: Palantir's revenue growth has accelerated since the company launched its Artificial Intelligence Platform (AIP) last year. Revenue from private sector U.S. customers grew 55% YOY in the second quarter, but the remaining value on those deals (booked but not yet recognized) more than doubled. The company's U.S. customer count rose to 295, an 83% increase from a year ago and a 13% increase from the prior quarter. This data points to building growth momentum as companies flock to Palantir for help tapping into AI technology. Operations: The company generates revenue primarily from two segments: Commercial ($1.14 billion) and Government ($1.34 billion). Its software platforms mainly support intelligence and counterterrorism efforts in various countries, including the United States and the United Kingdom. Palantir's earnings are projected to grow 22.8% annually, outpacing the US market's 15.1%. With a forecasted revenue growth of 16.9% per year, Palantir demonstrates robust expansion potential despite not hitting the 20% mark. The company has become profitable this year and expects significant earnings growth over the next three years. Palantir's recent partnerships with Surf Air Mobility and Microsoft highlight its strategic positioning in AI-powered solutions for advanced air mobility and national security, respectively, reinforcing its innovative edge in tech and AI sectors.
NYSE:PLTRLong
by BaseLineTraders
PLTR 8/19Technical Analysis Insights: Support and Resistance Levels: Support: Strong support is observed around the $29.68 level, with another at $29.17, providing potential entry points if the stock pulls back. Resistance: The stock faces resistance near $33.31, which could be a critical level to watch if the bullish momentum continues. Moving Averages: PLTR is trading above both its 20-day and 50-day moving averages, which is a bullish signal. The alignment of these averages suggests that buyers currently dominate the market​. Trend Lines: The stock appears to be following an upward trend with higher highs and higher lows. A potential breakout could occur if it crosses the current resistance levels. RSI (Relative Strength Index): The RSI is currently around 65, indicating that while the stock is not yet overbought, it is approaching the higher end of the spectrum. Be cautious if the RSI moves into the mid-70s, as this could indicate a possible pullback​ (TradingView). Market Considerations: Recent Catalysts: Palantir's recent partnership with Microsoft and other AI-driven initiatives have fueled its upward momentum. This positive sentiment might continue to drive the stock higher in the short term​. Volatility and Market Conditions: Given the overall positive market sentiment towards AI and Palantir's role in the sector, the stock could see increased volatility. Keep an eye on broader market conditions, especially in tech, as they could influence PLTR's performance. Trading Strategy for Tomorrow: Bullish Scenario: If the stock continues to hold above $32.02, consider entering a long position targeting the $33.31 resistance level. If this level is breached with strong volume, the next target could be near $34. Bearish Scenario: If PLTR drops below $29.68, it may test the $29.17 support level. A break below this could signal further downside, potentially to the $28 level or lower. Final Notes: Stay alert for any pre-market activity or news that could impact PLTR's price movement. Adjust your strategy accordingly, especially if new catalysts or market shifts occur overnight.
NYSE:PLTR
by BullBear-Insights
PLTR has protentional but what does it lack <to monitor>Palantir Technologies, Inc: The company has demonstrated a consistent increase in total revenue over the past few quarters, rising from $608.35 million in Q4 2023 to $634.34 million in Q1 2024, and further to $678.13 million in Q2 2024. This performance indicates strong market demand for Palantir's products and services, suggesting successful expansion of its customer base or increased sales to existing clients. Additionally, there is a positive trend in Palantir's profitability, with net income growing from $65.79 million in Q4 2023 to $80.88 million in Q1 2024, and then to $105.34 million in Q2 2024. This consistent growth in net income demonstrates the company's effective revenue increase and cost management, resulting in improved bottom-line results. Palantir's balance sheet displays strength, with total assets growing from $4,522.43 million in Q4 2023 to $5,191.88 million in Q2 2024. This increase in assets, coupled with a relatively stable level of liabilities, has led to growth in total equity, which reached $4,137.81 million in Q2 2024. A robust equity position provides financial stability and flexibility for future growth initiatives. Furthermore, the company's positive cash flow from operating activities is a notable strength, showing consistent positive figures across the reported quarters. In Q2 2024, operating cash flow was $144.19 million, indicating that Palantir is generating cash from its core business operations. However, Palantir faces challenges, particularly in the significant cash outflow from investing activities. In Q4 2023, the company reported -$569.23 million in cash flow from investing activities, followed by -$511.25 million in Q1 2024. While this decreased to -$148.88 million in Q2 2024, it still represents a substantial use of cash, indicating potential heavy investments in growth initiatives or acquisitions that might pressure short-term financial performance. Another area of consideration is the company's high operating expenses relative to revenue. Despite growing revenue and gross profit, operating expenses remain substantial. In Q2 2024, total operating expenses were $444.23 million against revenue of $678.13 million. This high cost structure could limit profitability if revenue growth were to slow down. Lastly, while Palantir's free cash flow is positive, it has shown volatility across the reported quarters, ranging from -$4.86 million in Q4 2023 to $296.31 million in the trailing twelve months. This variability in free cash flow could potentially impact the company's ability to fund growth initiatives or consistently return capital to shareholders. In summary, Palantir shows strengths in revenue growth, improving profitability, and a solid balance sheet. However, it faces challenges in managing high cash outflows from investing activities, controlling operating expenses, and stabilizing free cash flow. The company's future performance will likely depend on its ability to maintain revenue growth while optimizing its cost structure and investment strategy.
NYSE:PLTR
by ri_da
PLTR: The gap is finally closed! Weekly chart analysis.This weekly chart of PLTR shows that the stock has been moving within an ascending channel for an extended period. The recent price action indicates that the stock has approached a potential resistance area near $31.34, a level that also marks the closure of a gap after 3.5 years, which could act as a significant resistance point. As the price nears the upper boundary of the channel, it is critical to monitor how it reacts to this resistance area. A successful breakout above this level could signify the continuation of the uptrend, potentially leading to further gains. In this scenario, the ATH would be our next target. However, if the resistance holds, the price might retrace towards the 21 ema again, or even to the lower boundary of the ascending channel, testing the support levels within the channel, in a more pessimistic scenario. The overall structure remains bullish as long as the price remains within the channel, but we should be cautious around the resistance level, especially given the historical significance of the gap closure. If the price breaks above the $31.34 resistance decisively, it could attract more buyers, but a rejection at this level might prompt profit-taking or a short-term pullback within the channel's confines. 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.
NYSE:PLTR
by Nathan_The_Finance_Hydra
18
PLTR 1-hour chart market data and sentiment reseach for this weeTechnical Analysis Chart Overview Trend: PLTR is currently in an ascending channel, indicating a short-term bullish trend. The price action is near the upper boundary of the channel, suggesting potential resistance at this level. Support and Resistance Levels: Support: Around $29.15 and $26.05 (marked by red lines). Resistance: Near $31.19 and $30.37 (marked by turquoise lines). Volume Profile: The Volume Profile indicates a high trading volume concentration around the $30 area. Below this level, there is a significant volume gap, suggesting less resistance until the next major support. Momentum Indicators: MACD: Slightly above the signal line, but with declining momentum, indicating a weakening bullish momentum. RSI: Not visible, but should be checked for overbought or oversold conditions. Trend Lines: The price is currently respecting an upward trendline within the channel, which could act as dynamic support. Market Data and Sentiment Recent News and Catalysts: Recent partnerships and government contracts have been driving PLTR's recent gains. Investors are optimistic about PLTR's expansion into new sectors, including healthcare and defense. Analyst Sentiment: Mixed opinions, with some analysts upgrading PLTR on the back of strong earnings and contract wins. Others are cautious due to the stock’s rapid price appreciation, which may not be fully supported by underlying fundamentals. Market Sentiment: Social media sentiment shows a positive bias, with retail investors anticipating further upside. Institutional investors remain divided, with some scaling into positions and others taking profits. Psychological Levels $30: This is a crucial psychological level; a break above this could attract more buying. $35: This level is viewed as a potential upside target, where significant resistance could be encountered. Suggestions for Tomorrow and This Week Short-Term (Tomorrow) Bullish Scenario: If PLTR breaks above $31.19 with strong volume, it could signal a continuation of the upward trend. Potential targets: $32 followed by $33. Bearish Scenario: A failure to hold above $30 might lead to a pullback towards the lower end of the channel. Potential targets: $29.15, then $28. Medium-Term (This Week) Bullish Continuation: Sustaining above the $31 level could see PLTR challenge the $33-$35 range. A break above this could lead to a test of the $37-$38 zone, where the next significant resistance lies. Bearish Correction: A sustained drop below $29 could indicate a correction, with support levels at $26.05 and then $24. Trading Strategies Scalping: Look for quick trades around the $30 psychological level, buying dips and selling into strength. Swing Trading: Consider buying on pullbacks to the $29-$29.50 zone with a stop-loss below $28.50. Target a retest of $32-$33. Options Trading: Call Options: For a bullish outlook, consider purchasing call options with a strike price near $31. Put Options: If anticipating a decline, consider buying puts with a strike price around $28. Conclusion PLTR shows potential for further upside, driven by strong market sentiment and recent positive catalysts. However, the current price action near the upper boundary of the ascending channel suggests caution. Monitoring key levels, momentum indicators, and market news will be crucial in determining the stock’s direction in the near term. The information and analysis provided in this report are for educational purposes only and do not constitute financial advice, investment advice, trading advice, or any other sort of advice. This analysis represents just my opinions and should not be relied upon for making any investment decisions.
NYSE:PLTRLong
by BullBear-Insights
2
8/13/24 - $pltr - short at $30.5... 25x sales no gracias8/13/24 :: VROCKSTAR :: NYSE:PLTR short at $30.5... 25x sales no gracias - great company. stonk too stonky. fam i'll keep reiterating this - there's a differnce between company and stonk. - 25x sales. it's not growing 100% yoy. it's growing in the 20s CAGR. that's fantastic. but i can find a bunch of other stuff growing in the same range (that are also great co's! i've written about a few! including NASDAQ:CELH , NYSE:TSM , even NASDAQ:NVDA for goodness sake) that are trading far cheaper with equally formidable moats - i'm currently adding 25 bps shorts for mid september expiries on my book as hedges. so while i'd like to say "this is a fundamental short" - it's objectively not. the stock just had too much of a move to the upside relative to what i believe is coming. - will they benefit from a ""war"" headline? certainly. will they provide some super valuable services? yes, probably. do i think the mgmt is good? they're fine. would i spend time with them at an airport? not a chance in hell. but hey. that's just one man's opinion. you do you. just know you're buying 25x sales. good luck. FAFO :) V
NYSE:PLTRShort
by VROCKSTAR
11