PLTR AnalysisPrice played out nicely as analyzed last week, giving us a -8.77% move to the downside, hitting our target for the bearish retracement. From here, I'd wait for a confirmation for price to turn bullish for the bullish move to the upside.
P2LT34 trade ideas
$PLTR fakeout and a crucial positionIt's fair to say that PLTR did a book perfect FAKEOUT to mislead numerous traders, is an understatement.
PLTR attempted to breach the $20 mark for the second time this year, only to retreat back into the channel.
Currently, it's sitting on a diagonal trendline which, since May 2023, has been recording higher lows.
It's also hovering around a major demand level of approximately 15. The 200-day moving average is approaching and these levels must be maintained.
If not, PLTR could find itself in a potentially risky situation.
AI's Insight from News Cross-Checked with Pattern Recognition 👁Dear Investors, I believe that PLTR might fall to $13.2 in the coming months. Here, I made a short idea from the insights of the different AI algorithms I use for speculative analytics.
News Analytics - Natural Language Processing
1 Palantir's revenue growth has slowed in recent quarters. The company's revenue grew by 31% year-over-year in the first quarter of 2023, but this was down from 54% growth in the fourth quarter of 2022. This slowdown in revenue growth could be a sign that Palantir is facing challenges in the market.
2 Palantir's gross margin has been declining. The company's gross margin was 74% in the first quarter of 2023, down from 77% in the fourth quarter of 2022. This decline in gross margin could be a sign that Palantir is having to invest more in sales and marketing to drive revenue growth.
3 Palantir has been losing market share. The company's market share in the data analytics market is estimated to be around 1%, according to Gartner. This is a very small market share, and it has been shrinking in recent years. This could be a sign that Palantir is not as competitive as its rivals.
4 Palantir's stock price has been volatile in recent months. The stock price has fallen by more than 50% from its all-time high in August 2021. This volatility could be a sign that investors are uncertain about Palantir's future.
Cross-Checking Logic
Of course, there are also some positive news about Palantir that could suggest that the stock price will not fall to $13.2. For example, the company has a strong pipeline of new business opportunities. Palantir is also investing heavily in research and development, which could lead to new products and services that could boost the company's growth.
Chart Pattern Recognition - Deep Neural Networks
Between the two red trendlines, my neural networks believe to be a bearish channel. Your human eyes can see how Palantir rejected the upper trendline on 11 October and 21 November. I marked these price points with red ellipses. The channel had some bullish aspects when the bottom trendline acted as a support on 02 November and possibly today. Look at the left green arrow. Palantir's last rally related to this point. Today, the stock is near the same trendline again, and there's a chance that it can reignite a similar rally. The white arrow shows this possible scenario. I, however, feel skeptical that history would repeat itself.
Ensembling Technical Indicators
I asked different AIs to weigh technical indicators to represent their opinions. I ensembled the results of these AI opinions and selected MACD, RSI, and volume to simulate AI's insights in a way you can reproduce on your chart without AI. From declining volume bars I suspect the continuation of the bearish trend. The price action has been bearish over the last week, and I can't see the volume to reverse it. I can see extreme sell volumes every now and then, but they seemed to escalate the bearish trend. I don't see where the orders are that could absorb the end of the bearish trend. RSI tried to make a bullish cross below the volume indicator, but it happened to be a failed cross. RSI reversed as it crossed the SMA, which suggests a lack of bullish momentum. The potential bullish signal turned out to be an indication of how weak bulls are. At the same time, MACD has been going on the bearish side with a strong momentum, and periodically pulsing bearish momentum without signs of weakening. Overall, these indicators simulate what my AI bots believe about the market. Their ensembled opinion seems to be a bearish continuation.
Chart Explanation
I already explained the red bearish channel, the channel contacts, the indicators, and a potential bullish scenario, but I think bears enjoy a better risk-reward ratio. Theoretically, channel breakdown could pull the price into the support level of 13.2. I've got a green line at this level. Thus, the target price of a short could be within the green box around this level where the bearish trajectory's red arrow shows. The stock might reverse or not at this level. I'll have to reassess if I see the playout of my bearish expectation.
Conclusion
Ultimately, the direction of Palantir's stock price will depend on a variety of factors, including the company's financial performance, the overall market conditions, and investor sentiment. It is always important to do your own research and consult with a financial advisor before making any trading decisions.
Kind regards,
Ely
Palantir possible stong bouncePalantir approaching medium term trendline
Good entry point to start new upside movement
I'm shorting somethingJust bought puts exp. 12/29 strike 17.5. I'm so bullish on the market that I want to hedge a little bit.
Price is forming a bearish flag after a HS. Looks very bearish in short term. I'm giving it a shot, I think is to break down soon.
15 and then 28?It looks bearish and remain so for couple of months, it could hit 15 and if it forms a base around 15, then expect it to move higher towards 28. This could all happen by July-Oct 24. Happy trading !!
PLTR AnalysisPrice consolidated last week given that it's the last week of the year with the market slowing down. Someone asked if I will accumulate more here. I'll probably be waiting for price to hit my target of $16 before I accumulate. No changes to my original expectations.
PLTR: near term pivot pointsLove using monthly time frame. We're coming to a point where PLTR will break out the first half of the year. My best guess is up given typical macro trends during intra-election years. Although as always it's anyone's guess as it could break downward if we learn of a negative macro event such as a large war or another major country's economic collapse. Anything is possible as we've seen these past couple years.
PLTR Curling MACDPLTR looks ready to make a move. MACD suggests it's to the upside. Volume also reclining on this drawdown. Has two moving averages above it however. If it can break above those, it should move nicely.
PLTR, Potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
$PLTR - Can we get a dip before launch?NYSE:PLTR Palantir is forming a cup and handle bottom. Closing above $22 would validate the breakout and could open the door to potential further upside.
The ideal place to take a position would be around $16 to $14 area.
Upside targets:
$22
$27
$35
Downside risk:
$15 - $14
PLTR AnalysisPrice is currently playing nicely to my last analysis, giving us a -15.03% so far. No changes to my expectation, I'm expecting price to continue lower to fill the fair value gap at 16.06. From there, we will wait for a confirmation for price to continue higher. However, do note that this FVG is considered filled and can rally from here, but I'm waiting for price to enter a more discount area first.
Palentir Idea 4T 2023 and 1T 2024Hi I will try to buy this action, I want for 2024 in my Wallet Action, I need to confirm Ondas Elliot and fases Wickoff, I put 2 Order Buy Limit and stop.
palantir expectations for next weekwhat i see, and how i will personally be trading the stock, im on the call side. goodluck!
pltr expectationsbit of an update video, we do have many bullish things working in our favor, lets hope and see what happens
PLTR is on the struggle busAs a big PLTR shareholder, this chart pains me. It looks to be rolling over to test the ~$17.26 support. Next stop from there will be the 200DMA. The 50DMA has been rejected for now. Fortunately, there is a large volume shelf at the 200DMA to provide support. In the absence of a catalyst, any market weakness will take us there.
pltr update, still bullish.nothing has changed. be cautious and be ready. the cup and handle is still in effect
PALANTIR - DAILY KEYLEVLESPALANTIR - DAILY KEYLEVLES
These are my keylevels for PALANTIR on daily tf
Palantir sidewayAI investments will be continuing to grow. Companies may wait until the rates drop before making any more purchases, possible continuation of the pennant until we see more decisive sales.
