PLTR goes down to $11 price target, then up to $19-$20PLTR goes down to $11 price target (finishes 4th wave - 38.2% of wave 3). Then moves to $19-$20 price target (5th wave).
P2LT34 trade ideas
Palantir PLTR over-heated and due to Cool OffMost powerful thing he said: Infrastructure. 10 years lasting trend. Unimaginable money the government has been pouring into it. I'd add to that anything to do with reshoring as well.
AI + Finance = The Future
Upper space of PLTR stock has been opened!Upper space of PLTR stock has been opened!
This chart shows the weekly candle chart of Palantir stock from the end of 2020 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, Palantir's stock has broken through the 2.000 level of the golden section in the past three weeks, and its previous low point was at the 2.618 level of the golden section in the figure! So, the next strong pressure on Palantir stocks is around the 1.618 or 21.53 position of the golden section in the graph!
$PLTR Game Plan July 31, 2023 NYSE:PLTR , Summary of Palantir's stock performance and forecast:
On Friday, July 28th, 2023, Palantir's stock price rose by 10.28%, from $16.15 to $17.81, with fluctuations between $16.74 and $17.97.
The stock has fallen in 6 of the last 10 days but is up by 8.6% over the past 2 weeks.
Volume increased along with the price, which is considered a positive technical sign, with 104 million shares traded for approximately $1.84 billion.
The short-term trend indicates a further rise of 91.38% in the next 3 months, with a potential price range between $30.65 and $36.91 at the end of this period.
Palantir stock holds buy signals from both short and long-term Moving Averages, as well as a buy signal from the 3-month Moving Average Convergence Divergence (MACD).
Some negative signals were issued as well, including a sell signal from a pivot top point on Tuesday, July 18, 2023.
The stock has support at $16.30 and $14.71, but breaking these levels could lead to further declines.
The recommended stop-loss level is $17.08 (-4.12%) due to the stock's medium daily movements and the sell signal from a pivot top 8 days ago.
For the upcoming trading day on Monday, July 31st, Palantir is expected to open at $17.51 and could move between $16.85 and $18.77.
Insiders are selling more shares than buying, which could be considered a negative signal.
Despite some negative signals, Palantir is seen as a good choice at the current levels, with a Strong Buy candidate status, and further gains are expected in the next 3 months.
PLTR - Analysts target middle of 2021 RangePalantir has been on a tear after consolidating in tight ranges around its lows from May 2022 - 23. The stock looks set to re-enter its previously accepted price range from late 2020 - 21 and analysts are targetting the middle of that range. This was a typical consolidation breakout in May, and the strength of the trend since then has me inclined to agree with the analyst's target in the medium term.
Analysts from Wedbush Securities predict Palantir stock price to reach $25 in the next year, as Daniel Ives made headlines this week with a buy rating and an outperform rating.
The stock price has surged this year, increasing by >150% in the first half of 2023 and >200% over the past six months, despite decelerating growth.
Palantir hit a 52-week intraday high on July 19
Despite its successful trajectory, the company's high trailing sales multiple (19x) versus its projected sales growth (16% for 2023) could be cause for concern for some.
Leadership + Positioning
Palantir, led by CEO Alex Karp, is considered a leader in the AI industry and is poised to become one of the biggest players in the coming decade.
Karp is a proponent of rapid AI development and sees AI as a major force in shaping political developments in this century.
Palantir faces stiff competition from Booz Allen in the government market, but its experience in this sector, especially in defense and AI applications, gives it an advantage over competitors.
PLTR is also recognized as one of the top three providers of AI/ML platforms by Forrester and ranked #1 in a worldwide AI software study by Gartner.
Partnerships + Market Conditions:
Palantir has significant expansion opportunities, thanks to partnerships across public and private sectors, and is leveraging its AI expertise with new partnerships and applications.
The company has expanded into healthcare, energy, and manufacturing, and has partnered with Toronto-based startup AirMatrix and extended its partnership with Concordance Healthcare Solutions.
Almost 60% of Palantir's revenue is generated from government agencies, and the company has experienced a consistent 35% YoY growth in this business for the past ten years.
Overall market conditions are favorable, with tech stocks poised to rally further as the AI revolution progresses and the Nasdaq in solid uptrend territory. Palantir is attracting attention from retail investors and mainstream media and is considered a good valuation with favorable risk-reward.
$PLTR game plan ! July 28 2023 Palantir Technologies Inc. experienced a decline in its stock price by -1.70% on Thursday, July 27th, 2023, dropping from $16.43 to $16.15. Throughout the trading day, the stock fluctuated between a low of $16.00 and a high of $17.19, indicating a 7.44% variation. Over the past ten days, the stock has witnessed a decrease in price in 7 of those days, resulting in an overall decline of -3.52% during this period. Although the trading volume increased by 14 million shares on the last day, it occurred amidst falling prices, potentially signaling a cause for concern and a slight increase in risk over the next few days. The total volume of shares traded amounted to approximately $800.48 million, involving 50 million shares.
From a short-term perspective, the stock is currently positioned in the lower portion of a wide and strong upward trend, suggesting a potential buying opportunity. A significant point to observe is whether the lower trend floor at $16.05 will be breached, which could indicate a slower rate of ascent and even a potential shift in trend. Given the present short-term trend, it is anticipated that the stock may rise by 96.48% over the next 3 months with a 90% probability of holding a price within the range of $31.53 and $37.64 at the end of this 3-month period.
Regarding signals and forecasts, the Palantir stock currently has a sell signal from the short-term Moving Average but a buy signal from the long-term average. As the short-term average surpasses the long-term average, a general buy signal is established for the stock, providing a positive outlook. If the stock makes further gains, it may encounter resistance from the short-term Moving Average at approximately $16.72. Conversely, on a decline, the stock may find support from the long-term average at around $15.85. A break above the short-term average would trigger a buy signal, while a breakdown through the long-term average would result in a sell signal. Additionally, the 3-month Moving Average Convergence Divergence (MACD) also issues a buy signal, although some negative signals have emerged that could influence the near short-term development. Notably, a sell signal was triggered from a pivot top point on Tuesday, July 18, 2023, causing the stock to decline by -10.67%. Further descent is predicted until a new bottom pivot is identified. The increase in volume on falling prices from the previous day is a cautionary sign, suggesting that the stock should be closely monitored.
Assessing support, risk, and stop-loss levels, the stock currently finds support just below the current level at $14.71 and $14.69, with potential risk if these support levels are broken, possibly leading to a decline to the next support level at $12.64. Considering its daily movements and trading volume, the stock is deemed to carry a medium level of risk. On the last trading day, the stock displayed a movement of $1.19 between its high and low, translating to 7.44%. Over the past week, the stock exhibited a daily average volatility of 5.38%. The recommended stop-loss level is set at $15.37 (-4.86%), which accounts for the medium daily movements and is based on a sell signal from a pivot top identified 7 days ago.
Looking ahead to the upcoming trading day on Friday, July 28th, it is expected that Palantir Technologies Inc. will open at $16.45. Based on the 14-day Average True Range, the stock is projected to fluctuate between $15.25 and $17.05 throughout the day, resulting in a potential trading range of +/-$0.90 (+/-5.56%) from the previous closing price. If the stock surpasses the calculated swing range, there could be an estimated 11.12% fluctuation between the lowest and highest trading prices during the day. Given that the stock is closer to the resistance level from accumulated volume at $16.30 (0.93%) than the support level at $14.71 (8.92%), the current intra-day risk/reward ratio may not be considered attractive. It is advisable to wait until the stock approaches the support level before making any trades.
Regarding insider trading activities, in the last 100 trades, insiders bought 7.85 million shares and sold 10.51 million shares. The most recent trade involving insiders occurred 60 days ago when Palantir Technologies Inc. acquired 0 shares. Overall, insiders appear to be selling more shares than they are buying, which can be perceived as a negative signal.
In conclusion, while several short-term signals and the general trend suggest a positive outlook for Palantir stock, the stock's performance in the short-term appears promising. However, it is important to closely monitor the situation due to some negative signals and the insider selling activity.
Bullish Alert : PLTROn the 15 minutes, there is a good double bottom at $16.25 with a new Bullish Alert.
The price started to consolidate nearby the ema 50 with the ema 21 that is approaching the same level.
Waiting for a bullish crossover and a positive price action
$PLTR Pullback Buy SetupNYSE:PLTR setting a pullback buy setup in its #powerplay pattern but that long upper shadow doji like shooting star on the weekly is sticking out like s soar thump.
I would rather see this push down and test its 50 MA and building a new larger base.
Palantir 3x from bottom - managing winners based on fundamentalsPalantir stock has been volatile and yet the business cashflows havent moved very much this year. The multiple on future values is what makes stocks volatile.
The discount rate or hurdle rate is what investors use to price investments appropriately. If a s tock trades too high compared to its realistic future business values, investors may seek other opportunities.
PLTR NYSE:PLTR - On Friday, July 21st, 2023, Palantir Technologies Inc.'s stock experienced a decline of -4.09%, falling from $17.13 to $16.43. This marked the third consecutive day of decline. Throughout the last trading day, the stock showed significant fluctuations, ranging from a low of $16.00 to a high of $17.49, reflecting a 9.31% swing. Over the past 10 days, the stock price has risen on 6 occasions, resulting in a total gain of 7.11% over the past 2 weeks.
While the trading volume increased by 1 million shares on the last day, it occurred amid falling prices. This divergence between volume and price may be an early warning sign, and the risk could slightly increase in the next couple of days. In total, 62 million shares were bought and sold, amounting to approximately $1.02 billion.
Currently, the stock is situated in the lower portion of a wide and strong rising trend in the short term, which typically presents a favorable buying opportunity. However, if the lower trend floor at $16.31 is broken, it may indicate a slower rate of rising and serve as an early warning for a potential trend shift. Based on the current short-term trend, the stock is projected to rise by 128.20% over the next 3 months and, with a 90% probability, maintain a price range between $37.23 and $42.43 at the end of this 3-month period.
In terms of support, risk, and stop-loss levels, Palantir finds support from accumulated volume at $16.30, which could offer a buying opportunity as an upward reaction is expected when this support level is tested. The stock exhibits considerable daily volatility, with a large prediction interval from the Bollinger Band, classifying it as "high risk." On the last day, the stock moved $1.49 between its daily high and low, resulting in a volatility of 9.31%. Over the past week, the stock's daily average volatility has been 7.10%. A recommended stop-loss level is set at $15.64 (-4.82%) based on a sell signal from a pivot top identified 3 days ago.
Expectations for the upcoming trading day of Monday, July 24th, 2023, suggest Palantir Technologies Inc. to open at $16.64 and move within the range of $15.48 and $17.38 throughout the day, considering the 14-day Average True Range. This gives a possible trading interval of +/- $0.95 (+/- 5.80%) from the last closing price. If Palantir Technologies Inc. exceeds the calculated swing range, there could be an estimated 11.60% movement between the lowest and highest trading prices during the day.
Since the stock is closer to the support from accumulated volume at $16.30 (0.79%) than the resistance at $16.60 (1.03%), our system perceives the trading risk/reward intra-day as attractive and believes that profits can be made before the stock reaches the first resistance level.
Regarding insider trading activity, in the last 100 trades, there were 7.85 million shares bought and 10.51 million shares sold. The last trade by Palantir Technologies Inc. occurred 56 days ago, involving the purchase of 0 shares. Overall, insiders are selling more stocks than they are buying, which can be considered a negative signal.
In conclusion, several short-term signals, along with a generally positive trend, indicate that the current level may present a buying opportunity, suggesting that there is a fair chance for Palantir stock to perform well in the short term. However, investors should remain vigilant given the potential risks, especially considering the stock's high volatility and the recent divergence between volume and price.
PLTR AnalysisPrice is currently on a bearish momentum. Price took liquidity below 16.27 but is unable to close below it. Right now, if price gives a solid break below 16.27, we should see price coming back into the discount level, potentially into the bullish POI at 15.77 next.
PALANTIR TECHNOLOGIES INC.The price has already broken the channel which indicates the wave 3 pattern. The price has come to a correction. MACD and RSI is also negative. The next step is to try to catch the wave 5.
Palantir: LongNYSE:PLTR
Looking at a lovely long opportunity for Palantir. Imbalances have to be filled up at the 13.8 region but before we head there through downtrend, I'm largely expecting that it fills up the minor imbalances at 16.41 region. It works out perfectly that if we spread the Fib from bottom to top of region, it falls at the .32 region which may not always be the perfect region of supply but, may prove nicely with a good SL here.
Overall, the trade is a solid 19:1 RR opportunity.
My other POV for PalantirIn my recent post about PLTR I was bullish and that count still stands for what I have on that count. But we also have to look at this point of view (POV) of the bigger picture of PLTR. We are technically still in a W4 on the downside wave cycle. We have not broken W1 and until that happens we can still be bearish and see a brutal W5 to the downside and wipe all these gains out. Right now, if I was in this stock I would sell and wait things out and take those solid gains that have been given to you.
Digital and technical analysisWe notice that there is an increase in the momentum and that we are in an upward correction
$PLTR NYSE:PLTR
The Palantir stock experienced a decline of -2.03% on the last trading day, Friday, July 14, 2023, with the price dropping from $16.74 to $16.40. Throughout the day, the stock exhibited a fluctuation of 4.49%, reaching a low of $16.27 and a high of $17.00. Over the past 10 days, the stock has seen a rise in 8 of them, and it has recorded a gain of 7.89% over the past 2 weeks. Notably, the volume decreased alongside the stock, which is generally considered a positive sign as volume should follow the stock's movement. Specifically, on the last day, the trading volume witnessed a decrease of -14 million shares. In total, approximately 44 million shares were bought and sold, with a total value of approximately $718.44 million.
Currently, the stock is positioned within the middle of a wide and robust upward trend in the short term, indicating the potential for further growth within this trend. Based on the current short-term trajectory, the stock is projected to experience a remarkable rise of 128.73% over the next three months. Additionally, there is a 90% probability that the stock will hold a price range between $35.18 and $42.04 at the end of this three-month period.
PLTR AnalysisPrice has taken the liquidity at the clean highs at 17.16. No changes to my original expectation, I'm expecting price to continue lower into the discount level next. Potential target for this down move is to mitigate the bullish POI at 10.30.
Palantir stock is within a weak range, with no clear direction!Palantir stock is within a weak range, with no clear direction!
This chart shows the weekly level candle chart of Palantir stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the high point of Palantir stock in February this year happened to be 1.382 in the golden section of the chart, and the recent high point hit the lowest point in May 2021! This indicates that the Palantir stock is still within a weak range, with no clear direction! In the future, we will use these two points as the basis for judging the strength of the Palantir stock. Above these two points, bulls are dominant, below these two points, bears are dominant, and between these two points, bulls and bears are in a state of competition!
Tea Time With Palantir - Pinkies Up 🍵Palantir is forming a cup and handle on the weekly charts.
The volume reduction indicates pattern correlation meaning price action, based on that volume reduction, will probabilistic follow the chart formation and we should see some consolidation and ranging before moving higher.
That being said, earnings is coming up on 08/07/23 and this could act as a catalyst with a strong beat leading to continuation without a true handle forming.
PLTR: Buy ideaBuy idea on PLTR as you see on the chart because we have the breakout with force the resistance line and the vwap.Thanks.
