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Palantir Technologies Inc.

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PLTR trade ideas

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
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.
NYSE:PLTRShort
by AdvancedPlays
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
NYSE:PLTRLong
by BullBear-Insights
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.
NYSE:PLTRLong
by AdvancedPlays
7
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.
NYSE:PLTRShort
by HassiOnTheMoon
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.
NYSE:PLTRLong
by BullBear-Insights
PLTR: Watch Out For This Key Point.The PLTR chart on the daily and hourly timeframes shows key levels and patterns that suggest potential trading opportunities. Recently, the price action shows a breakout above the previous resistance level of $27.50, turning it into a new support level. This breakout is a bullish sign, suggesting that the stock has the momentum to seek higher levels. However, the price has pulled back slightly, indicating a possible retest of the $27.50 support level before continuing its upward trajectory. The stock has been in a strong uptrend, riding above the 21-day EMA. This EMA line has acted as dynamic support, helping to push the stock higher. On the hourly chart, the price action mirrors the daily trend with a clear uptrend supported by the 21-hour EMA. The price recently broke above the key level of $27.50 and is now consolidating above this level. This consolidation phase could be seen as the stock gathering strength for the next leg up. The $27.50 level now serves as a critical support on the hourly chart, and a sustained move above this level would confirm the bullish bias. PLTR is showing bullish signs on both the daily and hourly charts. The key levels to watch are $27.50 for support and the EMA on the hourly chart. A successful retest and hold of the $27.50 support level could maintain the bullish bias, and PLTR would seek higher levels after that. If PLTR fails to hold above its support levels, then it would seek its next support levels, like the $25 area, or even the 21 EMA on the daily chart again. This week is going to be decisive. 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
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