PLTR: Seel idea: PullbackOn PLTR as you can see on the chart we have a pullback on vwap indicator so it's mean that we would have a hight probability to have a downtrend.
PLTR trade ideas
Palantir (PLTR) – Correction Time?Palantir ( NYSE:PLTR ) is completing a cup-and-handle pattern and is now pushing toward its all-time high of $45. However, with the RSI running hot and the 150-day moving average well below current levels, the stock looks overextended . Historically, Palantir tends to see a pullback before earnings, which could present an opportunity for a better entry point .
A gap has formed below, and I expect a potential pullback to the newly created support zone at $29.50 .
I believe Palantir is a strong long-term hold, but I'll be watching closely for a correction to enter around $29.51-$31.80.
Do you think Palantir will continue its run to the all-time high, or will the pullback before earnings provide a better entry? How do you see the gap closure playing into the stock's momentum?
PLTR: heading into resistance 40 dollars is so close and also I think that's where we're heading in the short term.
I do however think that the market has been pricing in rate cuts for September. They're satisfied and could possibly begin to take their profits.
Time will tell.
This is short term correctional sentiment but the market is still very strong and I think we have another year+ in the tank for this bull market.
There's just way too much money sitting on the sidelines that have been benefitting from higher interest rates. Now they're going to be making less.
Comparison: $TSLA and $PLTR S&P 500 InclusionComparison: NASDAQ:TSLA and NYSE:PLTR S&P 500 Inclusion
Palantir Technologies is set to join the S&P 500 on September 23, 2024
This milestone mirrors Tesla's inclusion in the index back on December 21, 2020
- Tesla's Journey: Prior to its S&P 500 inclusion, Tesla's stock experienced a significant upward trend, which continued for several weeks post-inclusion before entering a prolonged period of sideways consolidation for almost a year (chart above)
- Palantir's Path: Interestingly, Palantir's stock price trajectory in the months leading up to its S&P 500 inclusion shows striking similarities to Tesla's pre-inclusion performance (chart below)
Do you think that Palantir will behave similarly to Tesla after the inclusion? i.e.:
- Short-term: Further upward trend in the immediate weeks following its inclusion
- Long-term: A possible sideways consolidation, akin to Tesla's post-inclusion phase
Palantir Technologies and a strong look into its FundamentalsNYSE:PLTR is one of the most popular stocks of the last 2 years , and not for no reason being a high revenue growth stock "16.8% Growth Rate" , My personal problem with the stock lays with the valuation holding a PE Ratio of 201x, and a forward PE Ratio of 172.5x, a 20.1x Price to Books Ratio, and a 32.8x Price to Sales (Revenue) Ratio. an interesting Return on Equity of 10% , A Return on Assets of 4.6% , And an Return on Capital Employed of 6.7% , with Net margins of 16.3%. Being Completely "Debt" free according to there Balance Sheet
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Valuation:
PE Ratio: 201x
Forward PE Ratio: 172.5x
Price to Sales: 32.8x
Price to Books Ratio: 20.1x
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Balance Sheet:
Cash: US$4.00b
Debt: US$0
Equity: US$4.14b
Total Liabilities: US$1.05b
Total Assets: US$5.19b
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Strengths and Weaknesses:
The Valuation to me personally is a weakness, however the Balance sheet is a Strength in my view. I think based on the price I currently would wait to add this one to my own portfolio however all investors and traders are different.
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Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Palantir Technologies) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may pose different risks and overall be different for each investor and trader. Please do not make opinions based on this idea or any idea. Please be careful! this post is only for conversation.
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Idea:
PLTR signals over boughtPLTR breaks above its upward trend signaling that it is over bought and poised for a possible reversal
When stock is trending upwards steadily, seeing it break above its upward trend is a sign of price exhaustion
when this occurs we usually a experience a reversal shortly after
sometimes stocks going really far into overbought zones before finally turning around.
We see the last 2 hours of trading, the stock started selling off when smart money was in control indicating that the stock was too expensive
PLTR in-depth technical analysis for tomorrow 9/17/2024Price Action Overview:
Recent Trend: PLTR has been in a strong uptrend recently, with a breakout above $34 and making new highs at $36.91. This breakout seems to have been supported by higher trading volume, indicating strength in the move.
Current Price: PLTR is trading at $36.35, slightly below its intraday high. It is consolidating near this level, which suggests that it could be forming a base for the next move.
Support Levels:
Immediate Support: $36.00 (previous swing high and a key psychological level).
Stronger Support: $34.91, which also coincides with a high-volume node on the Volume Profile. Below that, the $34.50 area shows strong support from past price action and volume consolidation.
Resistance Levels:
Immediate Resistance: $36.91 (recent high), and if broken, PLTR could target the next psychological level of $37 and beyond.
Potential Breakout Target: If PLTR can break above $36.91 with strong momentum, it could see a continuation rally toward $38.
Indicators:
Moving Averages (MAs): The price is well above both short-term and long-term moving averages (notably the 50-period MA), which confirms the strength of the uptrend.
Volume Profile: The visible range volume profile indicates that most of the recent volume has been traded between $34.50 and $36.00, making this a strong support zone in case of a pullback.
Prediction and Strategy:
Bullish Case: If PLTR holds above $36.00 and breaks through the $36.91 resistance, a rally toward $37.50 or $38 is highly probable. Momentum traders will likely enter at the breakout.
Bearish Case: In case PLTR faces rejection around $36.91 and falls below $36.00, it might pull back to test the $34.91 support level. This could present a buying opportunity for dip buyers.
Conclusion:
For tomorrow’s session, watch for a break of $36.91 for further upside. If PLTR consolidates around $36.00 or drops, it could bounce around the $34.91 support level before making its next move. Keep an eye on volume and market sentiment to gauge whether the stock will push through resistance or retrace to find stronger support.
PLTR Elliott Wave countI see three major scenarios:
Most likely(PINK):
Primary degree A is a three wave move down from primary degree 1 followed by a three wave WXY up into the target zones to complete primary degree B, Looking for primary degree C down in five waves to complete the Flat.
*Advice* is to wait for price to enter the target zones above to observe the reaction. If we get a strong rejection in 5 waves down that goes on to break two previous corrections in the uptrend, we want to enter on a B/X/2 wave(correction up in the downtrend) to capture the move down on the short side.
Moderately Likely(TEAL):
Primary degree 1 is followed by an ABC correction in 2 which is complete. We now have a double 1-2 in progress with the minute degree 1 being a diagonal which is currently in (iii), we still need a (iv) and (v) in the diagonal before minute degree 1 is complete.
*Advice* is to wait for minute degree 1 in the diagonal to complete and buy the 0.5-0.618 retrace of the minute degree 1 diagonal which should be swift in anticipation of the minute degree 3 up. Before buying we need to see a five wave move up off the low with good a good volume profile.
Least likely(GREEN):
Currently a triple 1-2 with the three of minute degree just getting underway. Note however that we have gaps bellow the last pivot indicating price should return to this region for liquidity. The more 1-2's we chain together the less likely the count, that's why this is the least likely count.
*Advice* is to wait for minute degree 4 for an entry.
Palantir Stock Set to Join S&P 500 Amid AI MomentumPalantir Technologies (NYSE: NYSE:PLTR ) has been at the forefront of discussions among bulls and bears alike. With its inclusion in the S&P 500, the company's strides in artificial intelligence (AI) are now drawing more attention than ever. On the one hand, bulls point to improved profitability and its AI potential, while bears remain skeptical about whether the company's revenue growth will reaccelerate to justify its valuation.
Palantir’s AI Expansion
Palantir’s data analytics software has long been integral to government operations, particularly in intelligence gathering, counterterrorism, and military missions. However, in 2023, Palantir set its sights on the commercial sector, aiming to use its Artificial Intelligence Platform (AIP) to drive growth beyond government contracts.
The company's AIP is gaining traction. At its fifth AIP conference, over 100 organizations demonstrated their AI use cases, covering industries ranging from railroads to healthcare. Despite this momentum, some analysts express concerns over Palantir's high valuation, trading at 24 times 2025 estimated revenue. Bulls, however, see the potential of AI products to bring long-term growth, particularly with the company's recent defense contracts.
Palantir’s success in AI also extends to government projects. The extension of its Project Maven contract by the U.S. Army brings in about $90 million annually, and the Department of Defense's AI office awarded Palantir a five-year contract worth $480 million. Additionally, Palantir’s $178 million contract for Project TITAN showcases its role in the future of battlefield AI.
The company’s fundamentals remain strong, despite a deceleration in revenue growth. In 2023, Palantir grew its revenue by 17% year-over-year to $2.23 billion. The company generates around 60% of its revenue from government agencies, but with the commercial AI push, this balance may shift over time. It remains to be seen whether Palantir can continue to capitalize on its AI expertise in both sectors.
Technical Outlook
On the technical front, Palantir stock has been on a tear in 2024, up 107% year-to-date. Over the past three months, NYSE:PLTR has formed a bullish reversal pattern, surging from its lows and gaining strong momentum as it approaches its S&P 500 inclusion on September 23. This event is expected to further drive institutional interest in the stock as mutual funds and large investors will be required to hold shares.
Palantir’s Relative Strength Index (RSI) stands at 72, indicating that the stock is in overbought territory. Despite this, the stock's bullish momentum shows no signs of stopping. On the daily price chart, a bullish harami pattern has emerged, signaling potential continuation of the uptrend.
The next key resistance level is set at $42, a target that aligns with the highs from June 2021. If Palantir can break through this resistance, the stock could set new all-time highs. However, with the RSI in overbought territory, a short-term pullback is also possible as investors take profits.
Palantir’s Accumulation/Distribution Rating of A reflects strong institutional buying over the past 13 weeks, further bolstered by its Composite Rating of 99 out of 99, signifying its overall strength in the market.
Conclusion
With Palantir set to join the S&P 500 and its AI ambitions expanding, the stock presents a compelling case for long-term investors. While valuation concerns linger, Palantir’s government contracts and AI-driven commercial growth provide a foundation for further upside. Technically, the stock is in a bullish reversal with momentum pushing towards a $42 target. However, investors should keep an eye on the overbought RSI and be prepared for possible short-term corrections.
Palantir remains a stock to watch, blending AI innovation with solid government partnerships to maintain its place as a leader in both sectors.
PLTR - Continued momentum but losing steamPLTR looks to be retesting the top of it's current channel. You can see divergence forming in the hourly swing. Buy volume continues in bursts.
This is a short term pivotal point - I'd look for a retrace here. If price pushes through the channel with volume, it may indicate a fair short term entry.
Either way, this one remains risky on the swing.
PLTR trades on the high end of its rangePLTR shows the recent rally could be reversing soon
Currently trades high within its range
If stock breaks above its upward trend that would be a great time to get out
Volume consistently decreases as price increases, this create disagreement in the trend
RSI also shows divergence by declining as the price increases
We should expect PLTR to sell back down to lower point staying within its trading range to the low $30 range.
breakout
Appears PLTR has decisively broken out of the channel to the upside over the past few days.
I expect a pullback (~$29) to retest the channel then, with the imminent rate cut from the Fed, for this stock to continue its rally. It has basically been basing since inception in Sept 2020.
WEEKLY chart below shows the long basing cycle: Create a high, retest the low, base in the 30-60% area, then retest the high, which is where we are at now.
Has the PLTR Bull Trap Fully Matured? PLTR has reached the 76t retracement of the previous drop. Unless you're very new to following my work, you'll know I love to trade off 76 fibs.
If you are new, read my strategy post about it:
Quick recap on PLTR analysis history. I have no idea what PLTR does but I became aware of it in 2021 when option sellers on Reddit seemed to think it was free money. I started to think it was a big short. Internet drama ensued.
Traded the main break in PLTR.
Follow up target of "Under 5" (Good forecast if you remove the word "Under").
Then longs from near the low as I pivoted on my overall bearish bias at the end of the 2022 bear move.
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Now we're back into an area where I see high value trading PLTR. A while ago when I exited my longs I took some shorts. I think they ran up 10% or so and hit trailing stops. This time I'm considering a bigger swing trade short in PLTR.
Lot of different ways I can support the general roadmap as well as this specific entry area.
The Elliot waves.
The big harmonic.
The little harmonic.
The fact that to fill this confluence of 76 retracement, C point and double harmonic D point we rallied into that price with a 14% (!!!) up day.
That's a bit sus for a stop hunt - if you believe those are a thing.
All of these add up to tell us there's potential for big resistance around 34 - 35.
Defeating this resistance zone would trigger a full review and possible bull breakout bias on PLTR.
I have discussed the possibility of a new impulse wave in PLTR quite a while ago. If we breakout, we'll revert this plan.
But right now, we're on the big target for a bear trap.
This could be foreseen as a good bull target a long time ago.
PLTR suffered a false breakout abovePLTR had a false breakout before moving back into congestion zone and breaking below its internal upward trend
False breakout leading to pullback into trading zone
broke through internal upward trend
low volume during this time indicates congestion.
Potentially looking at a pullback in time before more rallying continues
PLTR is certainly a great stock and recently getting into S&P 500 just adds to it.
PLTR Technical Analysis (1-Hour Chart Breakdown)For tomorrow's trading session (September 12, 2024), Palantir (PLTR) looks to be influenced by the upcoming AIPCon event, scheduled for the same day. This is a significant catalyst, as over 100 organizations, including major players like bp, Aramark, and the National Geospatial-Intelligence Agency, will be showcasing their work publicly for the first time, which may create positive sentiment around PLTR. The anticipation of new customer announcements and technological advancements at the event could lead to increased volatility and potential upward momentum for the stock(Benzinga)(Stock Market News Live | Stock Titan).
Current Trend: PLTR is following an upward channel, with consistent higher highs and higher lows. This suggests a bullish continuation, especially if price action remains inside this channel.
Support Levels: Immediate support can be seen around $34.50, with stronger support near the $33.50-$34.00 range.
Resistance Levels: The next major resistance is around $35.20, followed by a psychological resistance at $36.00.
Considering the news catalyst, if PLTR breaks above $35.20 with high volume, it could push toward $36. However, any negative sentiment or failure to break resistance could lead to a pullback to the $34.00 level.
Trading Strategy
Bullish Bias: Look for a break above $35.20, confirming the bullish trend. If this happens, you could enter a long position with a target around $36.
Bearish Scenario: If PLTR fails to break above $35.20 and reverses, consider shorting with a stop loss near $35.00, targeting $34.00.
The AIPCon conference can add significant volatility to PLTR tomorrow, so keep an eye on news releases during the day.
Dark Cloud CoverThe window on Monday would be a bullish signal. But I will trade the downward correction anyway. We are at the all time high close reached in January 2021, This makes me feel that the rise after the window was somewhat exhausting. The to large spike in August is supporting this idea. Let's look if the Monday window may be closed now.
Gotham to the Moon, or will price be grounded by Foundry..?CAPITALCOM:PLTR has been n an uptrend the last 12 months, all though in a somewhat wide channel. For a company like CAPITALCOM:PLTR it is not unusual that there is some volatility in its journey, but the direction has been upwards with a gain of more than 100% in the period. The 50 EMA crossed above the 100 EMA back in February, but more noteworthy, it did not cross back below in June. The stock has since had a steep movement up, with RSI currently at 70 and MACD showing strength. They report earnings on Aug 5, and the last 4 quarters they have been batting a 0.5 average. Point to note is the last Q2 report (which is the quarter to be reported next) was on expectation, as was Q1 this year. Analysts are not over the moon about the stock, but investors are (78% bullish, only 9% bearish according to Yahoo! Finance). This could be a buy the “rumor” not the news, and I feel the stock could push up some more. If not to the Moon, I can see it approaching the upper hand of the channel, around $33-$34. (PS. Sorry for the terrible word play in the heading..).
PLTR Technical Analysis for 9/11/2024Regarding Palantir Technologies (PLTR) for tomorrow’s trading, technical and fundamental factors will play key roles.
Technical Analysis for Entry/Exit:
Resistance Levels: PLTR is facing key resistance around $35.20 and $36.00, as seen on your chart. These could act as potential sell points if the price reaches them, especially for short-term traders.
Support Levels: There is visible support around $34.20 and a lower support near $32.00. These levels can be good entry points if the price drops and shows signs of reversal.
Volume and Trend: The volume appears steady but not overly aggressive, indicating price consolidation before potentially making a larger move. Watch for any breakout above the current price levels.
Indicators: Based on the oscillators and volume in your chart, PLTR looks like it might still have upward momentum, but it’s nearing overbought levels. A potential reversal or pullback may occur soon, so cautious traders might want to wait for confirmation of a direction.
Cathie Wood's ARK Selloff: Cathie Wood’s ARK has sold over 4 million shares of PLTR recently, which could impact the stock price as large institutional selloffs often lead to volatility. In fact, ARK completely liquidated its position in Palantir, citing concerns over the company's competitive positioning within the government sector. However, this large sale doesn’t necessarily indicate a bearish long-term trend, but it can trigger short-term price fluctuations due to changes in sentiment(markets.businessinsider.com).
Given this, tomorrow's price action could see volatility, consider taking advantage of intraday movements, especially near key support and resistance levels.
SMCI to get back up to 1000$ ?SMCI has an awfully similar chart to PLTR, both of them hit all time highs, and then crashed. Smci is now at its all time lows and is going to stay there for a bit. PLTR on the other hand, did hit an all time high and also fell. But, it has recovered and is on track to hit all time highs again. I think that SMCI is going to trace the chart of PLTR and go back to around 1000$-900$. Both companies had a big boom and at the top, were overvalued, and came crashing down. NVDA might be experiencing the same.
PLTR Bull Call in Daily DemandBuying a December 20, 2024 +29/-38 Bull Call Spread when PLTR meets entry at the daily demand level below. If that trade fails, another opportunity exists lower for entry.
PLTR: Seeking the ATH! (D & W charts).The daily chart of PLTR shows a strong breakout above the previous key resistance level at $29.83, which now acts as new support. The recent rally occurred after a pullback that tested the 21-day EMA, indicating a successful retest of support before the stock moved higher. The bullish momentum accelerated with a sharp rally, pushing the price towards $35, suggesting a potential continuation of the trend in the near term. However, we should watch for any signs of consolidation or pullback, as the stock is now approaching overextended levels following the recent surge.
The weekly chart highlights the stock's position within a clear ascending channel, where price action is trending upwards with consistent higher highs and higher lows. This pattern suggests that the overall trend remains intact, and the stock may continue to climb higher as long as it respects the channel boundaries. The next significant resistance level is the all-time high at $45, which could be the long-term target for bullish traders.
In conclusion, PLTR is displaying strong upward momentum, having successfully broken key resistance and maintaining its position within a bullish ascending channel. We should monitor the stock for any potential pullbacks, but the current technical setup indicates further upside potential, with the next major resistance being the all-time high at $45. Any pullback to the 21-day EMA or to teh $29 again would be ok, and possibly would offer another buying opportunity. PLTR's price would have to lose these suport levels in order to materialize a real pullback on the weekly chart.
Always buy near support levels, because the Risk/Reward ratio is optimized in such levels.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
PLTR takes profit after gap upPLTR received some wonderful news lately and surged to dramatic highs very quickly
Gapped up then rallied during yesterday trading before settling off
Expected selloff is starting as hype wears off.
We should expect to see more selling off in the near term before stock settles
PLTR remains in the bullish zone so far. We are starting to see more weakness in risky tech assets forming. So expanding on long term bullish positions should be done cautiously.
Palantir ($PLTR) | The AI Revolution's PowerhouseNYSE:PLTR
Palantir is no longer just a secretive "voodoo blackbox" company; its inclusion in the S&P 500 and its critical role in AI and data-driven government and commercial solutions have solidified its place as a dominant player in the AI software space. Known for its massive government contracts and deeply integrated AI systems like Gotham, Foundry, and Ontology, Palantir is a key asset in the ongoing AI revolution.
The AI Narrative: With AI continuing to reshape industries, Palantir sits at the intersection of AI and data integration, holding massive potential for the future. The company’s success will ride on government and commercial AI adoption, as well as the expansion of its key platforms.
The Setup: While we have scooped up initial entries between $7.50-$10 with multiple secondary entries on the way up, there will be more. This is a high conviction long-term play for the next decade. This is a top buy the dip stock.
Key Buy Zones: Any pullbacks to $30, $28, or $21.79 are optimal entry zones for long-term investors. If a government shutdown occurs, it could provide a rare buying opportunity as it would freeze spending temporarily, a catalyst that could help us get in lower before the inevitable resumption of contracts.
Long-Term Conviction: Palantir has proved that it's more than capable of scaling in the public sector and AI enterprise. This is a top-tier DCA (Dollar Cost Averaging) candidate, especially for those wanting exposure to the AI sector. We are confident that PLTR will never return to the teens again. Look to build positions on pullbacks for long-term holds.
The Targets:
$37 : Needs to break over this level to confirm continuation of strength, after which we would be looking for a retest of trend support from November 2022 ($28-$30).
$45+ : Long-term target by next year. With sustained strength in AI, the stock could exceed this.
$70 : Major long-term target.
Palantir is in a prime position to capitalize on AI’s growth trajectory. With strong AI software, deep government contracts, and powerful platforms in the commercial sector, PLTR is a multi-year hold with high upside. Investors should focus on accumulating during pullbacks, as this stock is one of the rare opportunities to ride the AI wave long-term.
