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Palantir Technologies Inc (Extended Hours)

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Palantir Sneaks Toward Old HighsPalantir Technologies has moved sideways for about five months, but now it could be sneaking toward a breakout. The first pattern on today’s chart is the March 7 close of $26.46. It was the highest closing price for more than two years, but the software company closed above it last Friday. Are investors getting comfortable with higher values? (It was also resistance on June 20.) Second, consider how the moving averages have evolved since early March. Then, the 8-day exponential moving average (EMA) and 21-day EMA were extended above the 50-day simple moving average (SMA) and 100-day SMA. By early June, they were on top of each other and are now expanding. That may suggest a period of consolidation is morphing into a new uptrend. Next, MACD is rising. Fourth, the series of higher weekly lows starting in mid-April may reflect accumulation by longer-term buyers. (Also notice the steeper ascent in June.) Finally, TradeStation data shows software makers starting to outperform in the last month following weakness in April and May. That could potentially favor PLTR. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:PLTR
by TradeStation
PLTR Breakout trendline and retest 20-22 Support ZonePLTR making pitstop at every 2.20 forming small support and resistant around 20.70, 23, 25 and heading towards previous high 27.3 which is short term target. From here, we can see clear price structure of PLTR and able to predict better buy/sell at right place. Slow Turtle (Price Action Indicator) triggers BUY signal on 6 JUNE with Bullish MCDX and FiFT parameters. Buy Alert pops up on Hourly timeframe at around 20-22 Support Zone with strong momentum. MCDX Sell Volume drop to below near 0% which is Insignificant Sell volume relative to Buy volume. MCDX Buy Volume (Whale) become strong and active (Strong Red = Above average Buy volume detected) FiFT is also a volume based indicator but it is much more sensitive also turning into +ve TurnOver. First is to challenge previous swing high at 27.3 exposing to next target at pyschological level 30
NYSE:PLTRLong
by kgiap123
PLTR: Just simple as is. :)Analyzing the weekly chart of PLTR (Palantir Technologies Inc.), focus on the key technical indicators, support and resistance levels, volume profile, and trend patterns to provide a detailed technical analysis for the upcoming months. Key Observations: Current Price: ~$27.23 Volume Profile: VAH (Value Area High): ~$30 VAL (Value Area Low): ~$21.50 POC (Point of Control): Not explicitly visible, but appears around the current price level. Support and Resistance Levels: Support: $25.00, $21.50 Resistance: $30.00, $41.00, $45.00 Trend Lines: Upward Trend Line: Indicates a bullish trend from recent lows. MACD: Bullish momentum indicated by a recent bullish crossover. Detailed Technical Analysis: 1. Trend Analysis: Uptrend: Palantir is currently in an upward trend, indicated by the ascending trend line from the recent lows. Higher Highs and Higher Lows: This pattern confirms the bullish sentiment in the market. 2. Support and Resistance: Immediate Resistance: The most immediate resistance level is around $30.00. Breaking this level could lead to further upside potential. Current Support: The most immediate support level is at $25.00, followed by $21.50. These levels should hold for the bullish trend to continue. 3. Volume Profile: High Volume Nodes: Around the current price level, indicating significant trading activity and potential support/resistance areas. 4. MACD Analysis: Bullish Crossover: The recent bullish crossover suggests upward momentum. This is a positive signal for potential further gains. Six-Month Projection: Short-Term (Next 1-2 Months): Bullish Bias: Given the current bullish crossover in the MACD and the upward trend, Palantir is likely to test the resistance level at $30.00. Breakout Potential: If Palantir breaks above $30.00 with strong volume, it could target the next resistance at $41.00. Mid-Term (3-4 Months): Consolidation Phase: Palantir may consolidate between $25.00 and $30.00 if it fails to break the immediate resistance. This phase would be healthy for the stock, allowing it to gather momentum for the next move. Long-Term (5-6 Months): Possible Bullish Continuation: If Palantir sustains above $30.00 and breaks $41.00, it may indicate the continuation of the bullish trend. Targets: A breakout above $41.00 would target the next resistance at $45.00 and potentially higher if bullish momentum is strong. Trading Strategy: For Swing Traders: Entry: Consider entering long positions if Palantir sustains above $25.00 with a bullish reversal signal or on a breakout above $30.00. Exit: Set profit targets near $30.00, $41.00, and $45.00. Stop-Loss: Place stop-losses below $25.00 or $21.50, depending on the entry level. For Long-Term Investors: Accumulation Zone: The range between $25.00 and $21.50 may be considered an accumulation zone if the long-term bullish outlook remains. Diversified Approach: Dollar-cost averaging (DCA) could be a prudent approach to mitigate risks associated with short-term volatility. Conclusion: Palantir's current weekly chart shows a bullish bias with potential upside to test and possibly break resistance levels. The next six months could see consolidation and possible trend continuation, depending on market conditions and company performance. Traders should closely monitor support and resistance levels, volume, and momentum indicators for entry and exit points.
NYSE:PLTRLong
by BullBear-Insights
Palantir TechnologiesPalantir Technologies has recently witnessed a strong rise after forming a higher low at 23.30$. In Friday's session, the Palantir violated the last peak at 26.57$, and the confirmation of this breakout by remaining above 26.57$, will push the stock to test the major peak at 27.50$, which is the level that needs to be violated, to confirm the major uptrend, which will trigger further rises near 29.30$ - 30.50$ - 31.93$ - 33.50$ on the short term. The stop-loss lies below 25.75$. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
NYSE:PLTRLong
by Gehad_Abouelela
2
PLTR 6/25/2024Here are a few observations and potential scenarios for its price movement tomorrow based on 4 hrs: Support Levels: The chart shows a significant support level around $22.85, where the price has recently found some stability. If this support holds, it could prevent further decline and might even lead to a rebound. Resistance Levels: There is notable resistance around $24.22. If the price moves upwards, this level will likely act as a barrier. Breaking through this resistance would be a positive sign and could indicate a move higher. MACD Indicator: The MACD (Moving Average Convergence Divergence) at the bottom of the chart shows that the MACD line is below the signal line but appears to be converging. This could suggest a potential reversal if the MACD line crosses above the signal line. Volume Profile: The volume profile indicates higher trading volumes at specific price levels, particularly around $24.22. This implies significant interest and activity at this level, which can act as a strong resistance. Trend Lines: The upward trend line shows that PLTR is currently in a short-term downtrend, but it has been maintaining an overall upward trajectory over the longer term. Scenarios: Bullish Scenario: If PLTR maintains its support at $22.85 and the MACD crossover occurs, we might see a rebound towards the resistance at $24.22. Breaking and holding above this level could target higher prices around $26.55 or more. Bearish Scenario: If the support at $22.85 fails to hold, PLTR could see a further decline towards the next support levels at $22.13 and $21.50. Continued bearish momentum could target the $20.59 level. Conclusion: Given the current technical indicators, PLTR's price movement tomorrow will heavily depend on how it interacts with the $22.85 support and $24.22 resistance levels. Watching for a MACD crossover and volume changes will be crucial in determining the next direction. For a more precise prediction, it is essential to consider broader market conditions and any news or events specific to Palantir Technologies.
NYSE:PLTR
by BullBear-Insights
PLTR Based on 4-Hour Chart 6/26/2024 Overview Chart Timeframe: 4-hour Current Price: $24.56 Volume Profile Indicator: Significant volume node around $24.61. Trend: Recently corrected from a high of $26.60. Key Levels: Support: $22.86 Resistance: $24.61, $26.60 Indicators: MACD shows bullish momentum starting to build up. Analysis Trend Analysis: The price has recently corrected but found support around $22.86. There is a potential for a pullback to the previous support turned resistance at $24.61. If the price can break above $24.61, the next target is around $26.60. Volume Profile: A significant volume profile node at $24.61 indicates strong resistance. Breaking above this level could lead to further gains. MACD: The MACD shows a potential bullish crossover, suggesting the start of upward momentum. Possible Scenarios: Bullish Case: If PLTR can break above $24.61 with good volume, it could target the next resistance at $26.60. Bearish Case: If PLTR fails to break above $24.61, it might retest the support at $22.86. Trading Strategy For Long Position: Entry Point: Around $24.61 on a confirmed breakout with high volume. Target: $26.60 Stop Loss: Below $22.86 to minimize potential losses. For Short Position: Entry Point: Near $24.61 if the price shows rejection and fails to break through. Target: $22.86 Stop Loss: Above $25 to minimize potential losses. Summary Key Levels to Watch: Resistance at $24.61 and $26.60. Support at $22.86. Indicators: Bullish momentum building up on MACD. Action Plan: Watch for a breakout above $24.61 with strong volume for a long position targeting $26.60. If resistance holds, consider shorting with a target of $22.86. Proper risk management is crucial. Use stop losses to protect against potential reversals. Adjust your strategy based on market conditions and new information.
NYSE:PLTR
by BullBear-Insights
2
Palantir Technologies (PLTR) Cup with HandlePLTR tries two days in a row to take pivot. Relative Strength is now in an improved position over the past two weeks without being technically overbought. The daily MACD is also more bullishly postured with the 12-day EMA curling away from the 26-day EMA and the histogram of the 9-day EMA still in positive territory. The only difference now from my last missive is that for a second day in a row, that pivot has been tested from below. Here, in my opinion is where the stock will either be rejected or will benefit from a slingshot-like burst of momentum. Palantir Technologies (PLTR) Target Price: $32 Pivot $26 Add: down to the 200-day SMA Panic: On a loss of that 200-day SMA. I believe my target price for PLTR is the second highest on Wall Street, only to Dan Ives of Wedbush who has a $35 target on the stock. Joseph Bonner of Argus Research would be third with a $29 target. Disclaimer: I am long PLTR.
NYSE:PLTR
by sarge986
2
PLTR: Getting ready for another leg-upI think buyers will be caught off guard by this next surge. We haven't seen the 30 dollar range since early IPO days. The air is thin up here with little resistance left to break. 30 and 45 are not out of the question for the second half of the year. Consolidation phase prior to earnings. People want to see a beat and increased guidance. If earnings aren't what buyers are expecting, we'll retest supports. Otherwise, PLTR is testing new 52 wk highs. Formations to note: Potential cup and handle Oscillator coiling, preparing for volume surge in either direction
NYSE:PLTRLong
by HassiOnTheMoon
PLTL is a good for long? Why and Why notPalantir Technologies Inc. (PLTR) on a daily timeframe, let's analyze the technical indicators and patterns to forecast potential price movements and investment opportunities for the next few months. Volume Profile: VAH (Value Area High): Around 25.34 VAL (Value Area Low): Around 25.33 Support and Resistance Levels: Support Levels: 21.86, 21.56, 21.50 Resistance Levels: 25.34 (VAH), 27.50 (previous high) The stock is in an overall uptrend, as seen by the ascending trendline. The MACD is above the signal line, indicating bullish momentum. Analysis and Investment Strategy: Bullish Indicators: The stock is trading above the ascending trendline, which indicates a strong upward trend. The MACD shows bullish momentum, supporting potential further upside. The price is near the VAH (25.34), suggesting a breakout might occur if it breaches this level. Bearish Indicators: If the price fails to break above the VAH (25.34) and faces resistance, it might indicate a pullback. Watch for the MACD to cross below the signal line, which could indicate a potential reversal. Investment Decision: Why to Invest: Trend Strength: The stock is in an uptrend with higher highs and higher lows, indicating strong momentum. Potential Breakout: A breakout above 25.34 could lead to further gains, with the next resistance around 27.50. Bullish Momentum: The MACD indicator supports the bullish case, suggesting the stock may continue to rise. Why Not to Invest: Resistance at VAH: The stock is currently at a key resistance level (25.34). If it fails to break above this level, it might see a pullback. Overbought Conditions: If the stock is overbought, it might face a short-term correction before continuing its uptrend. Potential of PLTR for the Next Few Months: Bullish Scenario: If PLTR breaks above 25.34 with strong volume, it could test the next resistance at 27.50. Continued bullish momentum and positive market sentiment could push the stock even higher. Bearish Scenario: If PLTR fails to break above 25.34 and the MACD turns bearish, the stock might see a pullback to the support levels at 21.86, 21.56, or 21.50. Summary: Key Levels to Watch: 25.34 (Resistance), 21.86, 21.56, and 21.50 (Support) Trading Plan: Long Position: Consider buying if the price breaks above 25.34 with a target around 27.50. Stop-Loss: Place a stop-loss just below 25.34 or below the ascending trendline to manage risk in case of a pullback. Monitor MACD: Keep an eye on the MACD for any potential bearish crossover as a signal for caution. Given the current bullish indicators and strong trend, investing in PLTR could be a good opportunity. However, be cautious of the resistance at 25.34 and ensure to manage risk appropriately.
NYSE:PLTRLong
by BullBear-Insights
PLTR 6/28/2024PLTR (Palantir Technologies Inc.), let's break down the technical analysis for both long-term trade and scalping opportunities for tomorrow, Friday, June 28. Long-Term Trade Analysis Trend Analysis: This 4 hrs chart shows a general uptrend in the recent period, with higher highs and higher lows. The price is currently trading above the 50-period moving average, which is a bullish signal. Support and Resistance: Support Levels: $24.00: Close to the lower trendline and previous support. $22.38: Marked as a significant low in the chart. Resistance Levels: $26.60: Marked as a recent high in the chart. $27.00: Psychological resistance and previous resistance level. Indicators: MACD: The MACD histogram is showing a bullish crossover, indicating upward momentum. Volume: Volume bars are relatively high, suggesting strong interest in the stock. Long-Term Trade Strategy Entry Point: Consider entering a long position if the price breaks above the $25.32 resistance level with high volume. Alternatively, wait for a pullback to the $24.00 support level and enter if the price shows signs of bouncing back up. Exit Point: Target the $26.60 resistance level for taking partial profits. If the bullish trend continues, aim for the $27.00 level. Set a stop-loss below the $24.00 support level to manage risk. Scalping Strategy Intraday Levels: Resistance Levels: $25.32: Immediate resistance. $26.00: Psychological level and near-term resistance. Support Levels: $24.50: Near-term support. $24.00: Stronger support level. Indicators: Volume Profile: Indicates areas with high trading activity, useful for identifying potential reversal points. MACD: Can be used for confirming short-term momentum shifts. Scalping Strategy Entry Point: Look for entry opportunities if the price breaks above the $25.32 level with increased volume. Alternatively, consider entering at the $24.50 support level if there is a strong bounce with confirming volume. Exit Point: For quick scalps, aim to exit near the $25.60 to $26.00 range. Set tight stop-losses below the $24.50 level to minimize losses. Summary Long-Term Trade: Entry: Above $25.32 or on a pullback to $24.00. Exit: $26.60 or $27.00. Stop-Loss: Below $24.00. Scalping: Entry: Above $25.32 or at $24.50. Exit: $25.60 to $26.00. Stop-Loss: Below $24.50.
NYSE:PLTRLong
by BullBear-Insights
Cup & Handle on the DailyThe Daily chart continues to show an upward trend with bull volume being higher on average. The support at the $20 range has held and it looks like we will be making a push to $30 by the end of August/September. In my opinion this looks like a large cup and handle. Palantir as a company has received government contracts, and with the A.I space only growing. Palantir has positioned itself as a future long-term partner of the United States government along the likes of Northrop Grumman or Raytheon.
NYSE:PLTRLong
by tired_man_willis
PALANTIR Still not late to BUY if you missed it.Palantir (PLTR) has been one of our best performers on our stock portfolio, with the last 3 signals since December 2023 (see charts below), being spot on: The last one is the more recent (May 02) and as you can see, the Inverse Head and Shoulders (IH&S) pattern right at the bottom of the 1-year Channel Up is following our expected course very closely and is on its way to hit the $29.00 Target. We see that the delivery of this new Bullish Leg is through a Bullish Megaphone seeking the lower Support cluster of the 4H MA50 (blue trend-line) - 4H MA200 (orange trend-line) - 1D MA50 (yellow trend-line). We are expecting $29 within 30 days. ------------------------------------------------------------------------------- ** 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:PLTR
by TradingShot
Potential direction for tomorrow 6/20Here's a brief analysis and potential direction for tomorrow based on the current technical indicators and chart patterns: Trend Lines: The stock appears to be in an ascending channel, indicating a bullish trend. However, there has been a recent pullback from the upper trendline. Volume Profile: The volume profile shows significant trading activity around the $26.50 level, suggesting strong support or resistance at this level. Currently, the price is hovering around this area. Support and Resistance Levels: Support: There is visible support around the $25.00 mark, which coincides with the lower trendline of the ascending channel. Resistance: The immediate resistance is around the $26.50 to $27.00 range, marked by the upper volume profile and the previous high. MACD (Moving Average Convergence Divergence): The MACD histogram appears to be narrowing, indicating a potential shift in momentum. If the MACD line crosses above the signal line, it could signal a bullish move. Volume: The volume seems to be declining, which might suggest a lack of strong conviction among traders in either direction. Potential Scenarios for Tomorrow: Bullish Scenario: If PLTR holds above the $25.00 support level and gains momentum, it could attempt to retest the $26.50 to $27.00 resistance range. A breakout above this range with strong volume could signal further bullish movement. Bearish Scenario: If PLTR fails to hold the $25.00 support level, it could see a decline towards the next support level around $23.45 or even lower to $22.85. Sideways/Consolidation: If the stock remains within the $25.00 to $26.50 range with low volume, it could indicate a period of consolidation before making a decisive move. Conclusion: Watch the $25.00 support level: Holding above this level is crucial for a bullish continuation. Monitor Volume and MACD: Increased volume and a bullish MACD crossover could provide confirmation for an upward move. Resistance at $26.50-$27.00: A breakout above this level is necessary for further gains. Always consider other fundamental factors and news that might impact the stock. Using a combination of technical analysis with these indicators can provide a more comprehensive view.
NYSE:PLTR
by BullBear-Insights
2
PLTR, expect new SERIES OF HIGHS in the next coming months!PLTR Growth Momentum hasn't waned a tiny bit. The stock keeps ranging at the 52 wk high most of the time suggesting an "Alpha" stock characteristic. Yesterday's price movement was another testament of buyer's weighty positioning of this soon-to-be-massive-valuation stock. It is named the future MSFT of today's era. The recent price growth (+6% yesterday's session) was augmented by another good news: Palantir (NYSE:PLTR) recently acquired about 6 million more shares of Rubicon Technologies (NYSE:RBT), bringing its stake in the firm to 6.2%. Palantir’s purchase of the shares appears to have been required by a deal that the company signed with Rubicon last year. As of this writing, PLTR stock is up by about 5%. Palantir creates and markets data analysis tools. Meanwhile, Rubicon operates “a digital marketplace for waste and recycling service.” Rubicon is also one of Palantir’s customers. In our monthly chart, Histogram is recording 5 straight months of ascend -- talk about 'value' strength of this stock. On tri-monthly data, the elusive bottom line shift has appeared after 3 years. This is already a huge hint of the momentum going upside. Net buy volume has surged an impressive 20+ % and it continues to grow on a weekly basis. Coming QTR2 earnings (Aug. 2023) results is expected to come in 'green' at $536M. Expect more significant price growth for PLTR. And it's not all hype, there is meat into it. At current valuation, it is still a bargain in my opinion. A 3-digit valuation in the future will not be farfetched based on metrics and progressive developments on the company. Spotted at 17.00 TAYOR Safeguard capital always.
NYSE:PLTRLong
by JSAL
9