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PLTR AnalysisPrice consolidated since my last analysis. Price has shown signs of change of character and broke market structure to the upside. From here, I'm expecting a bullish retracement, potentially into the fair value gap at 10.85 before going lower. However, do note that price is also currently at the lower timeframe bearish POI. If price breaks market structure to the downside with increasing volume, we could see price going lower into the bullish POI at 6.38 while taking the sell-side liquidity built recently.
NYSE:PLTRLong
by Keeleytwj
Osama bin Laden and the war in ukraineWelcome everyone to another analysis on Palantir. “What the hell has he been smoking?” will many probably think after reading the title of today’s analysis. You may think, what does Osama bin Laden and the Ukraine conflict have in common? Well, the same company and the same software which helped to hunt down the most wanted terrorist in 2011 is being used in the Ukraine war. About 12 years after the death of the most wanted terrorist, Palantir is aiding the western military again. Much rumor is heard about Palantir software solutions which should help the Ukrainian troops on the eastern front, as always, we don’t know everything that is going on right now. What we know is that the software meta constellation has gained a questionable reputation. Alexander Karp stated in February that Palantir was responsible for most of the targeting in Ukraine , its software helped the Ukrainian army target enemy tanks and artillery. The war gives the company a unique situation to test and use its products in a real war situation. The war may be over sooner or later, however, the demand for defense software has massively increased. Poland and Germany are very interested in deploying Palantir’s software, however there isn’t much information on this because the company likes to be very discreet about it's clients. Together with the news of the company's first profitable quarter, this gives us some explosive potential for the future. Read about this interesting topic on Reuters: www.reuters.com Technical Analysis: Since our last update on 14.2.2023 we rallied massively above 10 dollars after touching the green trading zone only to be pushed back to the price levels of $7-$8. After completing a (b) wave which perfectly retraced up to our red trading zone at $10.30, the price has declined up to -26% so far. In both cases the trading zones were exact turning points for the price . We estimate that we are currently in a 1-2 setup which should complete itself in the next days and weeks, it is possible that we extend deeper into our green trading zone. At the time of writing this article, we slightly touched the green trading zone again. We as Mendenmein Capital already built up positions in the green trading zone and will continue to do so in the future. After completion of the orange wave (ii) we should see massive upside movement towards the 1.618 retracement at $12.81. The price can extend deeper into the orange zone for its macro 1, which ismarked on the chart. The price target for the Macro 1 is an estimate at the moment but can be calculated after orange wave (iii). A more detailed analysis can be found on our new youtube channel.
NYSE:PLTRLong
by Mendenmein-Capital
2
$PLTR Possible trade set upNo meaningful structure on long term time frames (say that 5x fast) PLTR is a 'sell the rip' stock imo. Impulse move followed by impulse move. I like the complany, but they are early and for now, shorts are in control. I was surprised that the gap did not fill on Friday, though we closed inside. If the market is green early this week I'm watching for this potential set up. ABC correction and sell off to gap fill. It could reach the first green box (high volume supply) and sell off, which would only be a .30-.40 profit. The winner trade would be if we bounce up to the next HVS at 9.10 then short for a gap fill.
NYSE:PLTR
by GreenBoxTrading
2
Palantir [TA+FA]Since CPI figure came out higher than expected, chances are FED will raise interest rates to tackle inflation. We all know what happens to the markets afterwards after such intervention. $PLTR + 21.16% is a solid growth compared to other stock dynamics for today. Price actually stayed up there and made our daily close. Body / Range ≈ 60% (confident) There is a gap meaning that Buying Pressure is significant considering gap. Whatever caused it, it happened in premarket. BP grew, SP fell. I assume there was a positive fundamental that caused the pump. Volume 2x increase than of previous day confirms that. But looks like first hand insiders were aware about that and were buying already 2 months ago. Those guys might take advantage of current price and make a selloff shaping our chart the way it is. FREMA: At supply zones, however bspST didn't close the entry at the bottom of current wave. Automatic Elliott: Shows correction but we know that 5th wave should be a little longer. Besides, how would fixed code know what's behind previous impulsive bullish wave.. What if it was emerged on serious grounds that would keep the bullish incentive going. In the other hand we know that the steeper it goes to one direction, the counterforce actually accumulates for opposite move. (whether it's a correction or reversal) Fractals: Reverse H&S: Raw PRICETIME TABLE: Considering 2 years of intensive sale, I believe opposite force has been freed under some positive fundamental that made people overoptimistic. Since I hate risking my capital buying on top, I'd rather wait for a correction and only then I'd enter due to its distinctive momentum. It will take time for FED to intervene to crash market, so it has time to actually rally. Moreover, if people saw double top formation and did just a little of bit of selling. o_-
NYSE:PLTR
by fract
1
PLTR: at a crossroadA lot of good things are happening for PLTR. Fundamentals are getting stronger, GAAP profitability has been achieved, big partnerships are coming in. Only thing investors are waiting for is inflow of institutional money. Hopefully that will be next. For the stock at this point, price is at a crossroad. EW prospective, there is still a bear case and a bull case; given the bear case is relatively a small one. PLTR can still see one more slight lower low to complete an ending diagonal structure and then see a significant move higher. Alternatively, It could have completed the triple combo correction in December. In that case the wave 3 of C would get the label wave c of Z and price has started an impulse. To confirm that we need to see one more higher high very soon and price to not fall below $7.47. Above $10.34, the bull case gets pretty much confirmed. Either way, I have been accumulating and will keep doing so for the next few months and hold for at least several years.
NYSE:PLTR
by mukit1
3
PLTR AnalysisPrice did not play out as expected last week during the earning release. A quick overview of the financials, PLTR has achieved its first profitable quarter. However, the underlying revenue growth has been slowing down, and with the 5-year guidance of average 30% growth rate in revenue, this is actually bearish. Technical-wise, there is a huge imbalance and a fair value gap at 8.23 which is to be filled. I'm expecting price to make a bearish retracement from here.
NYSE:PLTRShort
by Keeleytwj
1
$PLTR & Its Path To ProfitabilityWith the rapid rise of AI technology, Palantir Technologies Inc. (NYSE: PLTR) is emerging as one of the best AI stocks to invest in thanks to its software platforms. After sharing impressive Q4 results, PLTR stock has been climbing investors’ watchlists as the company posted its first profitable quarter. Given that the company’s platforms could witness strong demand due to their impressive results in the Ukraine war, the PLTR stock forecast appears to be brighter than ever. PLTR Fundamentals After posting its first profitable quarter since its inception, PLTR has been climbing investors’ watchlists – with the stock climbing by as much as 35%. Although the company promised to reach profitability in 2025, PLTR reaching this significant milestone this early could be a bullish indication of the PLTR stock forecast. With this in mind, PLTR was able to become profitable despite the several challenges that faced the tech industry due to the current macro environment. As a result of this major achievement, many investors are increasingly bullish that PLTR could achieve its projections of posting a profit for 2023. With this in mind, PLTR could achieve these projections thanks to the growing interest in AI technology. On that note, more and more organizations across several sectors and industries are embracing AI technology. Based on this, PLTR has been witnessing stronger demand for its products over the past months. Although AI adoption is more widespread in military applications in the meantime, civilian adoption of AI technology is expected to continue growing – outpacing military adoption. For this reason, many investors are increasingly bullish on the long-term PLTR stock forecast. Meanwhile, PLTR’s AI capabilities are proving their worth on the frontlines in Ukraine where the company’s software platforms are used by the Ukrainian Armed Forces in a range of tasks including targeting. With the war becoming more active again, PLTR could receive additional interest from global governments as they see the company’s technology in a real setting. In that case, PLTR could be poised to secure deals with more governments looking to get access to its technology. In light of this, the PLTR stock forecast could be brighter than ever in 2023. In addition to its AI capabilities, PLTR also offers impressive software platforms that help organizations integrate their data, decisions, and operations. Through these platforms, PLTR has created one of the best user experiences for working with data – empowering people to ask and answer complex questions without mastering a querying language, statistical modeling, or the command line. In that way, many organizations use PLTR’s platforms to help them do their most important work. Considering the several benefits of the company’s platforms, the PLTR stock forecast could be bullish as the stock could be one of the best AI stocks to invest in this year. As a testament to its impressive products, the Defense Information Systems Agency granted PLTR’s federal cloud service offering a DOD Impact Level 6 Provision Authorization. This is DISA’s highest level of certification allowing PLTR to join Microsoft and Amazon web services as the only cloud providers with IL6 status. While this designation could help PLTR secure additional government contracts, it could also help the company grow its commercial customers as these customers would guarantee the processing and analysis of their data in a secure manner. In that way, more customers could find PLTR’s offerings appealing thanks to their unique features. As a result, PLTR could be one of the artificial intelligence stocks to watch closely this year. On that note, PLTR witnessed impressive customer growth in 2022 as its customers increased 79% YOY to 143. At the same time, PLTR converted 13 pilot contracts in Q4 – the most it converted in a quarter since its inception. Despite this, PLTR provides its products to only 15% of the top 1000 companies in the US – which leaves a major room for growth for PLTR. Considering the potential demand for the company’s products, PLTR could be one of the best AI stocks to hold this year. Another major catalyst to watch is PLTR potentially being bought out. In its latest earnings call the company’s CEO – Alex Karp – hinted at the possibility of a buyout saying “I think there’s going to be a lot of interest in us in buying our software and potentially in buying us”. Considering the company’s impressive software platforms, a potential buyout could be extremely profitable for PLTR’s shareholders. While such a buyout remains just speculation, it is worth watching as the stock could soar on news of a buyout. Although PLTR appears to be on the right track to profitability a major risk facing its shareholders is the potential dilution related to its share-based compensation. Since becoming a public company, PLTR has been paying its management and executives in shares – leading to its bloated share structure. However, PLTR is working to reduce this risk as the company has consistently reduced its share-based compensation throughout the past years. PLTR Financials Looking into PLTR’s 2022 earnings, the company grew its assets to $3.4 billion compared to $3.2 billion in 2021. The company also increased its cash balance from $2.2 billion to $2.5 billion. At the same time, PLTR reduced its liabilities from $956.4 million to $818.8 million and has no long-term debt. In light of this, PLTR appears to be in a strong financial position as its cash balance far exceeds its total liabilities. In terms of revenues, PLTR realized $1.9 billion – a significant increase from $1.5 billion in 2021. Meanwhile, operating costs slightly increased from $1.61 billion to $1.65 billion. In this way, PLTR’s net loss declined from $488.4 million to $361 million for 2022. Despite this loss, the PLTR stock forecast appears to be bullish as the company reported a net profit of $33.4 million in Q4 2022. With the company expecting profitability in 2023, PLTR could be one of the artificial intelligence stocks to hold onto this year. Technical Analysis PLTR stock price is currently at $9.71 and the stock shows supports near 8.66, 7.45, and 6.68. Meanwhile, PLTR shows resistances near 10.35 and 11.81. After posting its first profitable quarter, PLTR soared by as much as 35% given the scale of this milestone. With the company projecting a profitable year in 2023, PLTR could be one to hold this year as it could further appreciate in value. After failing to break through its resistance, PLTR has been dropping and could continue to fall over the coming week near its support. With this in mind, the $8.66 support appears to be a strong support level as it is near the 50 MA support. In case PLTR successfully retests this support, it could be a good entry point for investors bullish on PLTR’s future prospects. However, investors should note that PLTR has a gap near $7.6 that has to fill which the stock could drop to fill if it breaks through its 50 MA support. Based on this, the 50 MA support is a critical level to watch before making a decision regarding PLTR. In light of PLTR’s impressive news, accumulation spiked but is witnessing a slight downtick which could be attributed to investors taking profits. Similarly, the MACD recently turned bearish which could indicate a reversal in PLTR’s price movement. Meanwhile, the RSI cooled off significantly from 86 to 62 indicating that the RSI could further drop to regulate. Based on these indicators, bullish investors could wait for the stock to consolidate first before entering their positions. PLTR has an OS of 2 billion and a float of 1.7 billion. PLTR Forecast After posting its first-ever profitable quarter, PLTR is gaining investors’ attention thanks to its guidance of a profitable 2023. Since the company’s products are witnessing a strong demand due to the increasing adoption of AI technology, PLTR appears to be on the right track to achieve its guidance. With this in mind, PLTR has substantial potential to further grow its customers as its products are showing impressive results in the Ukraine war. In this way, PLTR could expect a surge in government deals as more governments look to adopt AI technology. Meanwhile, PLTR’s commercial customers could be on track to further grow thanks to the company’s IL6 designation from the DISA. Since this designation is a testament to the company’s extremely secure products, the PLTR stock forecast could be bullish in 2023. While dilution remains a substantial risk, PLTR’s management of its share-based compensation could make it one of the best AI stocks to invest in.
NYSE:PLTR
by Penny_Stocks_Today
PLTR: last leg down?From EW perspective, it makes sense to see another slight lower low to bring this downturn to an end. It is not necessary that another lower low will happen since the weird fake wick might have taken care it. In either case we have a weekly bearish divergence on the RSI which seems to be playing out right now. Right now I am focusing on options trade and currently delta neutral to bearish biased. If price falls to $6-$5 level, I am going to start buying shares in blocks and start selling monthly covered puts/calls for a very long time; possibly for the next decade or so. I still believe PLTR can have the same growth potential as appl, msft, goog etc.
NYSE:PLTR
by mukit1
PLTR Creating A Nice BaseA nice cup pattern is forming with the correct volume to back it up. In the beginning stages of a pattern like this, I follow up daily with tight Stop Limits, better risk management, especially since the base has not begun on the right side. Very early analysis but IMO worth trading. A healthy retracement into the purchase area on light volume will consider adding to position. Wouldn't mind it remaining above the 50 MA either. Alerts and Stop Limits while accumulating.
NYSE:PLTRLong
by works2020
3