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PALANTIR TECH INCPALANTIR TECH INCPALANTIR TECH INC

PALANTIR TECH INC

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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
Palantir Cup and Handle Weekly ChartNYSE:PLTR Palantir Cup and Handle Weekly Chart: It appears Palantir has developed a cup and handle pattern on the weekly chart and with momentum building it could get over the resistance it has seen at the 27 -28 level. It is a newer stock so one of the C&H rules is the entire pattern forming above the 200-day average market price I have in Green the 40 week average which is a close equivalent and it fails that rule.On the other hand It does form over roughly 24 months, it did have a decrease in volume over the handle development, the buy signal is when the price breaks above the handle’s resistance with increased volume. Technical analysis can and will fail due to other market forces. In my opinion short to mid term we could test 30 as a good start developing support long term it could see 40.
NYSE:PLTRLong
by Paul_Hodls
1
PLTR Analysis: Daily and Weekly InsightsDaily Chart: Resistance Levels and Breakout Potential The daily chart of PLTR reveals a strong bullish movement with the price recently testing the resistance at 25.47. Historical resistance levels are marked at 25.47 and 27.50, where the price has previously faced rejections, as indicated by the red arrows. The 21-day EMA acts as a dynamic support level, maintaining the bullish momentum. A decisive break above 25.47 could signal further upward movement towards the next resistance at 27.50, while a failure to break could lead to a retest of the support at 24.03, or even the 21 EMA again. Weekly Chart: Ascending Channel and Sustained Uptrend The weekly chart shows PLTR trading within a well-defined ascending channel, indicating a sustained uptrend. The price is supported by the 21-week EMA, which aligns with the lower boundary of the channel. Key support levels include the 21-week EMA and the channel's lower boundary. The price is currently approaching the upper boundary of the channel, suggesting potential resistance around 26-27. A breakout above this channel could further accelerate the bullish trend, while a pullback might find support around 22-23. On the other hand, if PLTR loses the key support levels on the daily chart, we could see it retesting the 21 EMA/bottom line of its channel in sequence. Conclusion: Bullish Momentum with Key Levels to Watch Both the daily and weekly charts of PLTR indicate a strong bullish trend. On the daily chart, the key level to watch is the resistance at 25.47, with potential for a breakout towards 27.50. The weekly chart's ascending channel suggests sustained upward momentum, with support from the 21-week EMA. From now on, we should monitor these levels for breakout or reversal signals, with a focus on maintaining the bullish momentum above the key support 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
NYSE:PLTR
by Nathan_The_Finance_Hydra
#202425 - a weekly price action market recap and outlook - pltrGood evening and I hope you are well. Let's do some single stock trading ideas. Palantir. comment: The stock that lives on hopes and dreams of people who know few about IT and much less about data & analytics, much like Snowflake. Go look at the Snowflake chart. When I have read the ipo price in 2020 I told everyone it was a bubble and the stock should trade below 100 for many years until maybe big profits could come in. They are still years away from those big profits and the stock lost 49% from the IPO price. I do not know anyone who works in Data & Analytics and knows Palantir who tells anything positive about them. It's a hype stock that got good publicity because of investors and defense contracts. That stock will trade below 15 in either late 2024 or 2025. Not financial advice. current market cycle: My dead dog can tell you it's a traingle and that is a form of a trading range and market is in breakout mode. Your job is to wait for the breakout and hop along, that's it. Now set the same alerts as I have and make money once they ring. key levels: 20 - 27 bull case: Market is getting rejected at the 50% pb from all time low to all time high. That's bearish af. Only chance bulls have for this to trade back up is a weekly close above 27. Bulls have going for them, that there seems to be big passive buying at 20.50. They are also trading above the daily and weekly 20ema, which is also bullish. Invalidation is below 20. bear case: Once that buyer at 20.50 gives up, it's free fall. The triangle will probably play out and we see some downside from 23 to 20/21 again in the short term. Last earnings surprised upwards and bulls used that spike as exit liquidity. Tells you something. Invalidation is above 26. short term: bearish for trade back down to 20/21. Short term in this case means several weeks, since I'm posting the weekly chart. medium-long term: I don't know which way the triangle breaks down to but either way, you can clearly see the big lows and highs. One of those will probably get retested before the other. So set the alarms and trade it when it breaks out. I hope my insrted illustrations help you.
NYSE:PLTR
by priceactiontds
Retracement RetracedThe retracement of the corrective risegives the chance of a renewed attempt to overcome the breaking summer high of 2021. And even if we may not succeed there is a good chance for a profit. But if we succeed the chance of a further rise will be exorbitant. Then the chart will have the V-formation confirmed which consists in the deep fall of the 4th quarter of 2021 and the following as like steep rise of this year. The potential is seen in the chart. We may almost reach the all time high then again. I don't say that this comes. Such a rise may take months and even years but the chances will be clearly on the upside then.
NYSE:PLTRLong
by motleifaul
PLTR: I guess no one cares about the half billion DoD contractPLTR recently received a close to half billion dollar, 5 year contract from the military complex (in addition to some commercial contracts and expansions). If the stock didn't move much from that, it won't move up now. Buyers are assuming it's already priced in at these levels. We also failed to break out of an upward channel a couple weeks back. Se here we will sit until folks feel the next catalyst is worth driving up the price to 30 bucks. Meantime, we will bounce around between 17 and 22 bucks. If we stay above 20 this week, we may retest the high of 22 before coming back down - and potentially testing the 17-19 range - still maintaining the larger upward channel. It's a good time to accumulate for long term holders, and it's a good time to wait for short term buyers. not trading advise.
NYSE:PLTRShort
by HassiOnTheMoon
1
Can PLTR continue to move up?Key Observations: Price Action: The price is currently at $22.88. There has been a significant upward movement recently. The stock is trading near its recent highs around $22.90. Moving Averages: The green moving average line is trending upwards, indicating a bullish trend. Volume Profile: The volume profile shows significant trading activity around the $22.24 level, indicating strong support. There is less volume traded above the current price, suggesting less resistance in this region. MACD (Moving Average Convergence Divergence): The MACD lines (blue and orange) are above the zero line, indicating bullish momentum. There is a potential for a bearish crossover if the lines start converging. Support and Resistance Levels: Support: Around $22.24 and lower at $21.86. Resistance: Immediate resistance near the recent high of $22.90. Forecast and Advice: Bullish Scenario: If the bullish momentum continues, driven by strong volume and positive market sentiment, PLTR could break above the $22.90 resistance. The next target could be around $23.50 to $24.00, where the price may face new resistance levels. Bearish Scenario: If there is a bearish MACD crossover or if the price fails to hold above the $22.24 support, PLTR might pull back. In this case, the price could retest the support levels around $21.86 or even lower at $21.50. Neutral/Bearish Signal: Watch for declining volume on upward movements, which might indicate weakening bullish momentum. If the MACD lines start converging and potentially cross downwards, it could be a sign of a bearish reversal. Trading Strategy: For Long Positions: Consider entering if the price sustains above $22.90 with strong volume. Set a stop-loss below the $22.24 support to manage risk. For Short Positions: Consider entering if there is a bearish MACD crossover and the price breaks below $22.24. Set a stop-loss above the $22.90 resistance to manage risk. Conclusion: Based on the current chart and indicators, PLTR shows bullish momentum, but it's essential to watch for key levels and indicators like the MACD and volume for confirmation of continued upward movement or potential reversal. Adjust your trading strategy accordingly based on these signals.
NYSE:PLTRLong
by BullBear-Insights
2