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Palantir Technologies Inc (Extended Hours)

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PLTR trade ideas

PLTR bullish? 7/24Let's analyze the PLTR chart for potential bullish signals: Moving Averages: Trend lines suggest short-term movement. Volume Profile: Point of Control (POC): The POC is at 28.63, a crucial level indicating the price at which the highest volume was traded. Value Area High (VAH): The VAH is at 28.93, which can act as resistance. Value Area Low (VAL): The VAL is at 28.62, which can act as support. Support and Resistance Levels: Resistance: Around 28.93 (VAH) and previous highs around 29. Support: Around 28.62 (VAL) and the low at 28.11. Trend Lines: There is an ascending trend line, which indicates a potential upward trend or bullish movement. MACD: The MACD lines are below the zero line but are converging, indicating a potential bullish crossover. Bullish Signals: Ascending Trend Line: The presence of the ascending trend line suggests that PLTR is in an upward trend. Volume Profile: The price is hovering around the POC, indicating consolidation. If it breaks above the POC with volume, it could signify a bullish movement towards the VAH. MACD: The convergence of MACD lines below the zero line suggests a potential bullish crossover, indicating possible upward momentum. Potential Trading Strategy: Entry Point: Consider entering a long position if the price breaks above the POC (28.63) with significant volume, aiming for the VAH (28.93) or higher. Stop Loss: Place a stop loss slightly below the VAL (28.62) to limit potential losses if the price moves against your position. Take Profit: Consider taking profit near the VAH (28.93) or if the price reaches previous highs around 29. Volume Analysis: Monitor the volume closely. A strong bullish movement should be accompanied by higher-than-average volume to confirm the trend. Based on the chart analysis, PLTR shows potential bullish signals, especially if it can break and sustain above the POC (28.63) with strong volume. Keep an eye on the MACD for confirmation of a bullish crossover and watch the volume for signs of strong buying interest.
NYSE:PLTRLong
by BullBear-Insights
PLTR: A Critical Inflection Point! (D & W Chart Analysis)The PLTR chart indicates a notable bullish trend across both the daily (1D) and weekly (1W) timeframes, with key levels of support and resistance that will play critical roles in the stock's future price movements. On the daily chart, PLTR has shown a strong upward movement since early February 2024. The price has consistently stayed above the 21-day EMA, supporting the bullish sentiment. The main support level at $27.50, which corresponds to a previous top, has recently been tested and held, indicating that previous resistance has turned into support – another example of the Principle of Polarity in technical analysis. This level is crucial as it serves as a solid foundation for further upward movement. The recent candles show a break above this level, suggesting that the bulls are still in control. The weekly chart provides a broader perspective on PLTR's price action. The stock has climbed steadily since the beginning of 2023, moving past previous resistance levels. The 21-week EMA has been a reliable support during this ascent. The current resistance around $29.29 is significant, as it aligns with the previous top from September 2021. A break above this level on the weekly timeframe would be a strong bullish signal, potentially leading to higher highs (new ATH?). Conversely, failure to breach this resistance could lead to a consolidation or a pullback towards the $27.50 support level or to the 21-day EMA again. In summary, PLTR's overall trend remains bullish, supported by both daily and weekly moving averages and key support levels. The main resistance around $29.29 is critical; a successful break above this line could signal further upside potential. For now, we should watch for a confirmed close above this resistance to validate the bullish trend continuation. If the price fails to break above and falls back below the $27.50 support, it could indicate a period of consolidation or a potential pullback. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NYSE:PLTR
by Nathan_The_Finance_Hydra
7
Come to make money :) PLTR 7/22Just 1 stock, 1 profit. Chart Analysis Timeframe: 1-hour chart Indicators: MACD (Moving Average Convergence Divergence) Volume Support and Resistance Levels Immediate Resistance: $29.83 (highlighted in green) Immediate Support: $27.43 (highlighted in red) Current Price: $28.97 (as per the latest bid) Trendlines Descending Trendline: There is a descending trendline from a previous high, indicating a downward trend. Horizontal Support and Resistance Lines: Clearly marked at $29.83 (resistance) and $27.43 (support). MACD The MACD is showing a bullish crossover, indicating potential upward momentum. Volume There is a noticeable volume spike, which often precedes significant price movements. Trading Strategy Scalping Entry Point: Around $28.90 - $29.00 (current price level) considering the bullish MACD signal. Exit Point: Near $29.50 - $29.80 (resistance level) for quick profits. Stop-Loss: Below $28.60 (to limit downside risk). Intraday Trading Entry Point: If price breaks above $29.00 and sustains, enter around $29.10. Exit Point: Target $29.50 - $29.80. Stop-Loss: Below $28.70. Swing Trading Entry Point: Buy around $28.90 - $29.00 (current level). Exit Point: Target $30.00 - $30.50 (next major resistance). Stop-Loss: Below $27.40 (support level). Recommendations Scalping: Look for quick profits near the $29.50 - $29.80 level. Intraday: Watch for a break above $29.00 with a target towards $29.50 - $29.80. Swing Trading: Enter around current levels with a target near $30.00 and a stop-loss below $27.40. Summary The chart shows potential for upward movement with the MACD indicating bullish momentum. Use defined support and resistance levels to set entry, exit, and stop-loss points. Monitor volume and MACD signals closely to confirm the direction of the trade.
NYSE:PLTRLong
by BullBear-Insights
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
NYSE:PLTR
by BullBear-Insights
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.
NYSE:PLTRLong
by BullBear-Insights
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.
NYSE:PLTR
by BullBear-Insights
3
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.
NYSE:PLTRLong
by DrSaud1
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.
NYSE:PLTRLong
by cerveloist