Will PLTR face resistance today weekend 7/19?Based on the latest information, Palantir Technologies Inc. (PLTR) is experiencing significant activity. The stock recently reached a 52-week high of $28.47 and is currently trading around $28.62. This increase is largely attributed to optimism surrounding its AI capabilities and its potential role in future government and defense contracts.
Analysts have mixed opinions on PLTR. Some remain bullish, with targets as high as $50 due to its strong positioning in the AI market and recent partnerships in various sectors including space technology. However, there are also concerns about overvaluation, with some analysts downgrading the stock due to its high price-to-earnings ratio and the expectation of a potential pullback to around $21.32 (Stock Analysis) (MarketBeat).
For today, market sentiment and news flow will likely drive short-term price movements. Positive momentum from AI-related developments could sustain the upward trend, but the stock might face resistance due to profit-taking and valuation concerns. Monitoring broader market conditions and any specific news related to Palantir will be crucial in anticipating today's performance.
Given the latest information and the current market conditions for Palantir Technologies Inc. (PLTR), here is a technical analysis for trading today:
Key Observations:
Current Price: Around $28.62.
Volume Profile: Indicates significant trading activity around the $28.75 level.
Support and Resistance Levels:
Resistance: $29.50, $29.83
Support: $27.59, $26.90
Moving Averages: Indicate short-term trends and potential support/resistance levels.
MACD: Recently crossed, suggesting a potential change in momentum.
Entry and Exit Points:
Entry Point:
Support Level Bounce: Enter around $27.59 if the price dips to this support level and shows signs of a bounce.
Breakout Trade: Enter if the price breaks above $29.50 with strong volume, indicating a potential continuation of the upward trend.
Exit Point:
Conservative Target: Exit around the resistance level at $29.50.
Aggressive Target: Exit near the higher resistance level at $29.83 if the upward momentum continues.
Trading Strategy for Today:
Long Trade:
Entry: Around $27.59 support or on a breakout above $29.50.
Exit: Target the $29.50 resistance for a conservative exit, or $29.83 for an aggressive target.
Stop-Loss: Set a stop-loss slightly below $27.59 for long trades to limit potential losses.
Short Trade:
Entry: Consider shorting if the price fails to break above $29.50 and shows signs of reversal.
Exit: Target the $27.59 support level for a conservative exit.
Stop-Loss: Set a stop-loss above $29.50 to limit potential losses on short trades.
Price Action:
Monitor price action closely around the $28.75 volume profile area, as significant trading activity occurs here.
Watch for bullish candlestick patterns (e.g., bullish engulfing) near support levels or bearish patterns (e.g., bearish engulfing) near resistance levels to confirm entries and exits.
Summary:
For trading PLTR today, focus on the key support at $27.59 and resistance at $29.50.
TRADE WITH CARE - FRIDAY WEEKEND MARKET
PLTR trade ideas
Fibonacci/wave analysis @ the 5.1 fib extension.An opportunity for a low risk short at the 5.1 extension... There is a valid 5 wave structure. Into the shorting zone, there is a gap below to be filled. We are still above the daily MA's but again low risk if you set your stop loss correctly!!! Good luck.
Soon time for Palantir to perform
Cup and handle form in monthly chart.
A healthy retracement will be a good entry
Volume profile seen a good support at 25.00 and 15.00 respectively
PLTR Breakout & RetestPLTR had a nice breakout after a short term downtrend, I think it can really get moving now if it keeps sustaining above 27-29 and breaks $30. Looking good on both shorter and longer time frames IMO.
PLTR: come to make some $ today 7/18Where it might be headed today.
Trendlines:
There are upward trendlines indicating an overall bullish trend on the 4-hour chart.
The price has recently pulled back to touch the lower trendline, which might act as support.
Volume Profile:
The Volume Profile shows significant volume nodes around the $28.35 and $28.00 levels, indicating strong support/resistance in these areas.
Moving Averages:
The 50-period moving average is acting as dynamic support/resistance.
The price is currently near this moving average, which might act as a pivot point.
MACD Indicator:
The MACD histogram shows a potential bullish crossover, which can be an early sign of upward momentum.
The MACD line is approaching the signal line from below, which can indicate a buy signal if it crosses.
Support and Resistance Levels:
Support: Around $28.00 and $27.00 (previous lows and volume node).
Resistance: Around $29.00 and $29.50 (previous highs and volume node).
Technical Analysis and Predictions
Support and Resistance:
Immediate Support: $28.00
Immediate Resistance: $29.00
Price Action:
The price is consolidating near the support level of $28.35. If it holds, we can expect a bounce back towards the next resistance level.
If the price breaks below $28.00, it might test the next support around $27.00.
Indicators:
The MACD suggests a potential bullish move if the crossover completes.
The price action near the moving average and trendline support indicates a possible reversal.
Trade Plan
Intraday Strategy:
Entry:
Long Position: If the price holds above $28.35 and shows bullish momentum, enter a long position with a target of $29.00.
Short Position: If the price breaks below $28.00 with strong volume, enter a short position with a target of $27.00.
Stop-Loss:
For Long Position: Place a stop-loss below $28.00.
For Short Position: Place a stop-loss above $28.50.
Profit Target:
For Long Position: Set a profit target around $29.00 and $29.50.
For Short Position: Set a profit target around $27.50 and $27.00.
Swing Trading Strategy:
Entry:
Long Position: If the price shows strong support at $28.35 and the MACD confirms the bullish crossover, consider entering a long position for a swing trade.
Short Position: If the price breaks below $28.00 and shows continued bearish momentum, consider entering a short position.
Stop-Loss:
For Long Position: Place a stop-loss below $27.50.
For Short Position: Place a stop-loss above $28.50.
Profit Target:
For Long Position: Set a profit target at $30.00.
For Short Position: Set a profit target at $27.00.
Summary
Bullish Scenario: If the price holds above $28.35, we might see a move towards $29.00 and potentially $29.50.
Bearish Scenario: If the price breaks below $28.00, the next support levels are $27.50 and $27.00.
Keep an eye on the volume and the MACD crossover for confirmation of the trend direction. Use the outlined entry and exit points along with stop-loss levels to manage risk effectively.
We are at the 5.1 fib extension looking to short here.We have a valid 5 wave count and have hit the 5.1 fib extension, still above the daily MA's, however this is an excellent opportunity to try the short... Don't forget to set your stop loss on this!!!
PLTR movement today July 17 - Just make it simpleSupport and Resistance Levels:
Support: The nearest support is around $27.83. If the price falls below this level, the next support is around $26.90.
Resistance: The immediate resistance is around $28.35. If the price breaks above this level, the next target would be around $29.30.
Volume Profile:
The volume profile indicates significant trading activity around $28.00 to $28.50. This suggests a strong interest at these price levels, which could act as support/resistance.
Trend Lines:
There is a downward trend line that the price needs to break above to indicate a bullish reversal.
MACD:
The MACD histogram is showing signs of a potential bullish crossover, which could signal a buying opportunity if confirmed.
Prediction and Strategy
Bullish Scenario:
If PLTR opens and holds above $28.00 and then breaks above the immediate resistance at $28.35 with good volume, it could target the next resistance at $29.30.
Entry: Consider entering a long position if the price breaks above $28.35 with strong volume.
Exit: Target $29.30 for profit-taking, with a stop-loss just below $28.00.
Bearish Scenario:
If PLTR fails to hold above $28.00 and breaks below the support at $27.83, it could head towards the next support level at $26.90.
Entry: Consider entering a short position if the price breaks below $27.83 with strong volume.
Exit: Target $26.90 for profit-taking, with a stop-loss just above $28.00.
Conclusion
Given the current chart and assuming no significant changes in market sentiment, PLTR might test the resistance at $28.35. A successful breakout could lead to a move towards $29.30. However, if it fails to hold above $28.00, it could test the support at $27.83 and potentially move lower to $26.90.
Always consider using stop-loss orders to manage risk, and keep an eye on broader market trends and news that could impact the stock's movement.
Decline RetracedYesterday's decline may be seen as signal for a bigger downward correction.
This drop has been corrected today and may continue now.
Palantir has reached it price equivalence!Palantir has reached it price equivalence
Palantir started in 2021 with a tremendous rush. This was heavily sold off and we had our ATL in mid of 2023.
I would expect now a sell off from $30 down to 3$ as the confluences are quiet good.
PLTR ???? Is it worth considering!### Fundamental Analysis of Palantir Technologies (PLTR)
Palantir Technologies Inc. is a software company specializing in data analytics, with significant exposure to both government and commercial sectors. Its recent financial performance and future prospects highlight several key aspects:
1. **Revenue and Earnings Growth**: Palantir reported robust revenue growth, with a 20% increase year-over-year for the latest quarter, reaching $608 million. This was driven by a 32% rise in commercial revenue, although government revenue growth was more modest at 11%. The company also achieved GAAP profitability, with earnings of $0.08 per share, doubling from the previous year.
2. **2024 Guidance**: Palantir has provided strong guidance for 2024, expecting revenues between $2.652 billion and $2.668 billion, surpassing analyst expectations. This optimism is largely attributed to the company's advancements in artificial intelligence and increased commercial sector engagement.
3. **AI and Innovation**: Palantir's AI initiatives are a significant growth driver. The company's new Artificial Intelligence Platform and AI "boot camps" have been pivotal in expanding its market presence and customer base across various industries, including defense, healthcare, and finance.
### Technical Analysis of Palantir Technologies (PLTR)
From a technical perspective, Palantir has demonstrated notable volatility but shows potential for growth:
1. **Stock Performance**: As of the latest data, Palantir's stock is priced at around $21.01. The stock experienced a substantial increase of 30.8% in a single day following the release of its strong 2024 guidance. However, analysts have mixed views on its future performance, with price targets ranging from $7.50 to $35.00.
2. **Analyst Ratings**: The consensus among analysts is to hold the stock. While some see significant upside potential, others caution against high valuation risks. The average price target over the next 12 months is $19.89, indicating a potential downside from the current price.
3. **Market Trends**: Palantir's stock is influenced by broader market trends, particularly in the tech and AI sectors. Its recent strong performance has been buoyed by increased spending on AI and data analytics solutions, positioning it well for future growth.
### Conclusion
Palantir Technologies shows promise with its strong revenue growth and profitability, driven by its innovative AI solutions and expanding commercial sector engagement. However, the stock remains volatile, and analysts are cautious about its high valuation. Investors should weigh the company's potential for long-term growth against the inherent risks and market conditions.
PLTR BreakoutIn addition to the cup and handle pattern I shared on the longer time frames, we also have a shorter term trend breakout that is retesting now, we'll see if it holds. I expect this to hold and see a lot of potential upside, but the market will need to hold for it to work. I like the way it filled the gap just now and kept going after some early morning weakness.
PLTR: Pullback on support LineOn PLTR as you can see on the chart we have a pullback on support line so it's mean that we would have a hight probability to have an uptrend...
PLTR: Pullback on support LineOn PLTR as you can see on the chart we have a pullback on support line so it's mean that we would have a hight probability to have an uptrend...
Palantir Broke out of the bull flag.Palantir broke out of the bull flag. Retested the top of the flag and now I believe is on its way up in a small broadening wedge which i believe will take it to $30. If this happens I believe $30 will be a resistance to burst through. Eventually reaching my target price of $42. This is a measured move from the bottom of the cup to the top of the cups neck line, and taking that measurement to the breakout point of the bull flag. There you go $42 target price.
Palantir OutlookSell target ~$34, re-evaluate again at ~$20, likely between spring and summer in 2025.
OpenAI is now going to be taking a share of defense contracts, a change of strategy for them that puts them up against Palantir.
On top of this Palantir is willing to limit earnings in the near term to pick up longer term corporate customers, but any sign of recession in 2025 will likely result in cancelled projects.
Daily Recap & Small Account Challenge UpdateI thought today's action was pretty good, nice move up followed by a dump. Thankfully I was able to trade it both ways. I think it's possible we keep going with an extended rally, but I still think the end is near. I'm hesitant to say that because I've been wrong every time I have called the top so far, but I see it as a timing issue rather than an analysis issue. Maybe I'm completely wrong and we rip all summer, I'm good with either honestly. A trader's job is to observe and react, you have to trade the price action you are given, so that's what I plan to do moving forward.
PLTR for July 15Current Price Levels:
Current Price: Around $28.49 (ask price)
Bid Price: $28.48
High: $28.77
Low: $26.90
Support and Resistance Levels:
Resistance: $28.77 (recent high)
Support:
$28.07 (first level of support)
$27.81 (another support level)
$26.90 (recent low and a strong support level)
Volume Profile:
VAH (Value Area High): Around $28.49
VAL (Value Area Low): Around $28.07
POC (Point of Control): $28.07
Trend Lines:
Shows an upward trend with higher highs and higher lows, indicating a bullish trend.
Indicators:
MACD: The MACD line is above the signal line, suggesting bullish momentum. However, there's a slight convergence, indicating a potential slowdown or reversal.
Volume: There's a noticeable increase in volume during the upward movement, indicating strong buying interest.
Price Action Analysis:
Bullish Trend: PLTR is in an upward trend, making higher highs and higher lows.
Price Consolidation: The price is currently consolidating around $28.49, indicating potential accumulation before the next move.
Suggested Trading Strategies:
Scalping:
Entry: Consider entering around $28.07 (POC and support level).
Exit: Target $28.49 (current consolidation area) or $28.77 (recent high).
Stop Loss: Place a stop loss below $27.81 to manage risk.
Intraday Trading:
Entry: Enter around $28.07 (POC and support level) or on a pullback to $27.81.
Exit: Target $28.77 (resistance level) or $29.00 if momentum continues.
Stop Loss: Place a stop loss below $27.81.
Swing Trading:
Entry: Consider entering around $28.07 (POC and support level) or on a pullback to $27.81.
Exit: Target $29.00 and beyond, potentially $30.00 if the bullish trend continues.
Stop Loss: Place a stop loss below $26.90 to manage risk.
Summary:
Support Levels: $28.07, $27.81, and $26.90
Resistance Levels: $28.49, $28.77, and potentially $29.00
Scalping Entry/Exit: Enter around $28.07, exit around $28.49 or $28.77
Intraday Entry/Exit: Enter around $28.07 or $27.81, exit around $28.77 or $29.00
Swing Trading Entry/Exit: Enter around $28.07 or $27.81, exit around $29.00 or higher
Use these levels as guides, and always consider current market conditions
PLTR Cup and Handle?This is not the cleanest cup and handle I've ever seen, but it's not even necessary to have bullish bias. PLTR recently broke above the key $27 area and has been holding above, the recent highs have been levels not seen since 2021. If it remains above $27, I would expect continued upside and potentially a lot of it. This idea will be invalidated if PLTR breaks back below $27, but for now it looks great for bulls, especially if the broader market rally continues this summer.
PLTR Long IdeaPLTR has had a great run recently, but it could get even better. It recently hit highs not seen since 2021. The $27 area was a huge area of resistance and it has broken above that and sustained for several days now. Looks great for a long in the event of a bullish day tomorrow after CPI, but I'd rather wait for a test of support that I've shown here. A long could also work if it came back to 28.40 area after moving higher.
PLTR: Down, unless guidance raised...I think we'll get a sell the news event.
Past events show us that a down trend, or consolidation prior to earnings meant a trend reversal/big move higher after earnings.
But a run up before earnings typically meant consolidation or a big move down afterwards.
From a technical stand point there seems to be some weakness forming. Currently on a rising wedge with consistent higher highs & higher lows, combined with lower lows on the indicators.
I'm long Palantir although no stock moves up and to the right 100% of the time.
Just sharing my thoughts.
PALANTIR OVERBOUGHT , big drop incommingPALANTIR was overbought in a very small timescale , 30 percent drop incomming
PLTR: Buy ideaBuy idea on PLTR as you can see on the chart if only if we have the breakout with force the resistance line.
What's happening with PLTR today(?)Let do some TA and Observations:
Time Frame: The chart is set to a 30-minute interval, providing a detailed view of the intraday price movements.
Volume Profile: Visible on the right side, showing significant trading activity around the $27.30-$27.40 level, with a high concentration of volume at these prices.
Support and Resistance Levels:
Resistance: Around $28.38.
Support: Around $25.03, with a recent higher support forming around $26.34.
Price Action: The stock has been consolidating between $27.30 and $28.00 after a significant upward movement followed by a sharp drop today.
Volume: The volume bars show increased trading activity during the sharp drop, indicating potential panic selling or profit-taking.
MACD: At the bottom of the chart, the MACD shows recent bearish crossover, indicating potential downward momentum.
Analysis:
Consolidation: The stock appears to be in a consolidation phase between the $27.30 and $28.00 levels after experiencing volatility. This range is relatively narrow, suggesting that the market is taking a breather and deciding on the next direction.
Volume Profile: The high volume around the $27.30-$27.40 level suggests this is a critical area of interest where buyers and sellers are actively trading.
Support and Resistance: The stock is currently near a support level around $27.30. If it breaks below this level, the next support would be around $26.34. Conversely, a break above $28.00 could see a retest of the recent high around $28.38.
MACD: The bearish crossover and the current position below the zero line indicate that the momentum is currently negative.
Potential Scenarios:
Bullish Scenario:
If the stock finds support around $27.30 and holds, it could move back towards $28.00 and potentially break higher to test the resistance at $28.38.
Watch for increasing volume on upward moves as confirmation of a bullish breakout.
Bearish Scenario:
If the stock breaks below $27.30 with high volume, it could move towards the next support at $26.34.
Continued downward momentum indicated by the MACD and increasing selling volume could push the stock lower.
Strategy:
For Long Positions: Consider entering around the $27.30 support level with a tight stop-loss below $27.00 to limit potential losses. Target the $28.00 and $28.38 levels for taking profits.
For Short Positions: If the stock breaks below $27.30, short positions could be considered with a stop-loss above $27.50. Target the $26.34 support level for taking profits.
Conclusion:
The stock is currently in a consolidation phase after a volatile move. Monitoring the key levels of $27.30 for support and $28.00 for resistance will be crucial. Volume and momentum indicators will provide additional confirmation for potential breakouts or breakdowns.
