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PALANTIR TECH INCPALANTIR TECH INCPALANTIR TECH INC

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$PLTR might go up to $57 after Q3 FY24 Earnings report? NYSE:PLTR Palantir soared over 14.2% after Q3 FY24 earnings report: • Net dollar retention 118% (+11pp Y/Y). • Customers +39% Y/Y to 629. • Revenue +30% Y/Y to 726M (22M beat). • Non-GAAP EPS $0.10 ($0.01 beat) . FY24 guidance: • Revenue +26% Y/Y to 2.807B (+61M). • Adjusted margin 38% (+3pp). It will probably break above the resistance of previous high today. But where will the price rise to? To answer this question, we make comparisons with previous gap up candles which has broken above an important resistance level. In Feb 05, it soared over 30% after Q3 FY23 earnings reports, and after that, it went up for another 25%. In Sep 09, NYSE:PLTR soars over 14% toward record highs as the stock is set to be added to the S&P 500. And after that, it has risen for another 30%. Therefore, it might go up to 57 if it break above the resistance of previous high today, according to similar historical price actions. what's your opinion?
NYSE:PLTRLong
by xugina78
PLTR: Rising Channel with Key Resistance at $62 – Will It Hold? 📌 Overview Palantir Technologies Inc. (PLTR) is currently trading within a rising channel on the 1-hour chart, with price oscillating between the channel's support and resistance lines. The 9 EMA and 21 EMA are providing guidance on short-term momentum, while volume analysis suggests possible consolidation before a decisive move. Let’s examine the critical levels, indicators, and potential trade scenarios. 📊 Current Trend on the 1-Hour Chart The 1-hour chart shows a clear upward channel, with PLTR making higher highs and higher lows. The price is moving along the channel’s support and resistance, indicating a strong uptrend within this pattern. However, current price action appears to be consolidating near the middle of the channel, which could either signal a continuation higher or a potential pullback. 📉 Key Levels Resistance Levels: $62.08: This is the recent high and a significant resistance level. A breakout above this level with strong volume could confirm further upside within the channel. $59.78 - $59.73: The current ask and bid prices are near this level, marking minor resistance. Clearing this zone is essential for PLTR to retest the higher boundary of the channel. Support Levels: $57.13: This support level aligns with previous lows and could act as a short-term floor if PLTR pulls back. Lower Channel Trendline: The lower boundary of the rising channel acts as dynamic support. A break below this trendline would indicate a potential reversal of the current uptrend. 🔄 Indicators 9 EMA and 21 EMA: The 9 EMA is currently above the 21 EMA, which supports the bullish trend. However, the two EMAs are close to each other, indicating possible consolidation. If the 9 EMA crosses below the 21 EMA, it would signal short-term bearish momentum, suggesting that the price may test lower support levels. MACD: The MACD is relatively flat, indicating a lack of strong momentum. This suggests that the stock might be consolidating and could see a breakout or breakdown depending on the next volume push. Volume: Volume has been declining, a common pattern before a significant move. Watch for a volume spike to confirm any breakout above resistance or breakdown below support. 🛠 Trade Setup Bullish Scenario: A breakout above $62.08, accompanied by increased volume, would confirm bullish continuation within the channel. In this scenario, a possible target could be the upper boundary of the channel, with additional upside depending on market momentum. Bearish Scenario: A breakdown below $57.13, or a close below the lower channel trendline, would indicate a bearish reversal. In this case, targets would include the $55 area or lower, depending on the selling pressure. ⚠️ Risk Management Stop-Loss: For bullish trades, consider a stop-loss just below the lower trendline or $57.13. For bearish trades, set a stop-loss above $59.78 to limit losses if PLTR reclaims the channel. Position Sizing: Ensure proper position sizing according to risk tolerance, as channel breakdowns or breakouts can lead to accelerated moves. 📚 Key Takeaways PLTR is in an upward channel, currently consolidating near the middle. The 9 EMA and 21 EMA indicate a bullish bias, but potential consolidation could shift momentum. Watch for volume and price action around $62.08 for confirmation of bullish continuation or a break below $57.13 for bearish potential. 💬 Conclusion PLTR is in a strong upward channel but currently consolidating near the middle of this range. The next move will likely be driven by volume and momentum signals. Traders should monitor the upper and lower levels for potential breakout or breakdown setups. Disclaimer: This analysis is intended for educational purposes and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making trading decisions.
NYSE:PLTR
by BullBear-Insights
2
Palantir will move after earnings so hold tight ! As long as Palantir remains within the upward channel, it’s still in play! There’s an imbalance guiding the price, preventing it from dropping. We’ve seen the price attempt to go up twice already, so as long as Palantir stays within the channel and respects the imbalance, I’m quite confident it will make a third attempt to break the high. On the other hand... We have the earnings report coming up Monday pre-market, so whatever happens at the open, we’ll know which direction the price will take based on the report’s results. Keep a close eye on this! Best regards.
NYSE:PLTR
by RocketMike111
PLTR’s Post-Earnings Surge: Strategic Moves Tomorrow TradingPalantir Technologies (PLTR) experienced a notable rally after market hours on November 4, 2024, largely due to a strong earnings report. The company exceeded market expectations by posting an earnings per share (EPS) of $0.10, surpassing the consensus estimate of $0.09. Additionally, Palantir reported a revenue increase of 30% year-over-year, reaching $725.52 million, above the projected $705.11 million. These positive financials indicate strong growth in Palantir’s business, driven by increasing demand for its AI and data analytics solutions, and have contributed to renewed investor confidence. For tomorrow’s trading session, key price levels can help guide potential entry and exit points. As seen in your chart, Palantir surged to around the $47 mark in after-hours trading. For an intraday play, if it holds above $45, that can serve as a short-term support, with potential resistance around $50 if upward momentum continues. Breaking above $50 could signal further gains, while falling below $45 may indicate a pullback toward $43. Suggested Entries and Exits: Bullish Entry: Consider entering near the $45 support level, targeting a move toward $48-$50. A confirmed breakout above $50 could present a stronger bullish entry. Bearish Play: If PLTR fails to maintain above $45, a short entry may be feasible, targeting the $43 level as a near-term exit. Disclaimer This analysis is for educational purposes only and should not be construed as financial advice. Please conduct your own research and consider consulting with a financial advisor before making any trading decisions.
NYSE:PLTR
by BullBear-Insights
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are goingNYSE:PLTR CALLED THE NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going The thesis explained below: 1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops. 2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this. 3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50. 4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021. 5.) Double top on the stochastic and red through yellow downward. 6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁 Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the NASDAQ:QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet. LIKE l FOLLOW l SHARE NFA
NYSE:PLTRShort
by RonnieV29
PLRT Technical analysis for Oct. 30, 2024Price Action and Support/Resistance Levels Support Levels: $44.04: This level has been tested multiple times recently, showing strength as a near-term support. $42.06: Major support, which has been previously tested, could serve as a strong base if prices drop below the upper levels. Resistance Levels: $45.22 to $45.50: This zone seems to be a significant resistance area where price has recently consolidated and tested several times. $45.75: An immediate resistance level with potential for a breakout. Entry/Exit Points Scalping: Long Entry: A breakout above $45.50 with confirmation (high volume and candle close above resistance) could provide a quick scalping opportunity. Target levels would be $45.75 and $46.00. Short Entry: A rejection near $45.22-$45.50 with decreasing volume could signal a short opportunity. Exit points could be $44.50 and $44.04. Swing Trading: Long Entry: If price holds above $44.04 and breaks out above $45.50, a swing trade to the $46.50-$47.00 zone could be considered. Short Entry: If price breaks below $44.04 with momentum, a swing short targeting $43.00 or even $42.06 is a possibility. Expected Direction Given the consolidation near the upper resistance levels, PLTR may attempt to push higher if it clears $45.50. However, failure to break out could lead to a retracement toward support levels, especially if broader market sentiment is negative. Disclaimer This analysis is for informational purposes only and not financial advice. Trading stocks carries risk, and past performance is not indicative of future results. Always conduct thorough research and consult a financial advisor before trading.
NYSE:PLTR
by BullBear-Insights
5
Can a Crystal Ball Really Predict the Future of Tech?In an era where artificial intelligence promises to reshape the technological landscape, Palantir Technologies has emerged as a testament to the power of long-term vision meeting present opportunity. The company's remarkable third-quarter performance, marked by a 30% revenue surge to $725.5 million and doubled net income, isn't merely a financial triumph—it's a validation of two decades spent perfecting the art of data analytics while others were still grappling with its fundamentals. What sets this trajectory apart is Palantir's unique ability to bridge two seemingly disparate worlds. On one side, its deep-rooted expertise in government and defense contracts, evidenced by a 40% growth in U.S. government sales to $320 million, demonstrates unparalleled capability in handling sensitive, mission-critical data. On the other, its commercial division's explosive growth, particularly in the U.S. market with a 54% revenue increase, reveals an organization that has successfully translated complex government-grade technology into practical business solutions. The company's strategic positioning, however, tells a more intriguing story beyond the numbers. While competitors scramble to adapt to the AI revolution, Palantir's Artificial Intelligence Platform (AIP) represents the culmination of years spent understanding the nuances of data integration and security. This foundation, combined with innovative approaches like their hands-on "boot camps" where clients work directly with Palantir engineers, suggests that perhaps the company named after Tolkien's all-seeing orbs has indeed developed a knack for anticipating the future of enterprise technology.
NYSE:PLTRLong
by signalmastermind
Is PLTR Ready for Continued Upside After Today's Bullish Run?Overview of PLTR’s Bullish Momentum on November 5, 2024 PLTR surged today, moving from around the $42 level to over $51, marking a significant rally. This move may have been driven by market sentiment, favorable earnings, or news developments, as such strong momentum often aligns with external catalysts. Technical Analysis and Key Levels 1. Price Action Overview Current Price: PLTR is trading at approximately $51.10 after reaching a high of $51.58 during today's session. Volume Spike: Noticeable volume accompanies this bullish move, indicating strong buying interest. However, high volume in a single session could either signal continuation or a peak if buyers exhaust. EMA Support: Shorter-term EMAs (10 and 20) are tracking closely with the price, suggesting solid intraday support at the $47-$48 range, which may act as a first level of support in case of a pullback. 2. Support and Resistance Levels Immediate Support: $48–$47. This area aligns with intraday EMAs and could serve as the first line of support if profit-taking or a pullback occurs. Primary Resistance: $51.60-$52. Breaking above this range could signal further gains and a continuation of the bullish trend, especially if accompanied by volume. Upper Resistance: Around $55. If the momentum continues, $55 could become the next target level based on recent highs and round number psychology. 3. MACD and Volume Indicators The MACD shows bullish momentum with a recent crossover, confirming upward direction. However, the MACD could turn neutral if volume drops significantly, as profit-taking often follows a sharp increase. Volume today was above average, but observing volume during tomorrow's session will be critical. If volume remains elevated, it may indicate continued interest; a sharp decline in volume could suggest a cooling period. Suggested Trading Strategy for After a First-Day Bull Run A. Intraday Strategy for Possible Continuation Entry: Consider buying on a breakout above $51.60 if the price moves upward with strong volume, aiming for a target near $55. Stop Loss: Place a stop around $48 to minimize losses if the breakout fails. Target: Look for a potential move toward $55 if momentum sustains. B. Profit-Taking or Retracement Play If PLTR opens lower and fails to reclaim today’s high, a pullback to $47 or even $45 could offer an entry point for those looking to trade on dips. Look for consolidation in the $48-$50 range to build a position if PLTR holds support. This could provide an opportunity for a secondary move upward as buyers re-enter. C. Swing Trade or Short-Term Hold If the bullish momentum continues, holding PLTR for a few days may be profitable. However, a tight trailing stop near recent support levels can help protect gains if the rally fades. After the first-day surge, be cautious of a potential pullback, especially if volume diminishes. Moving stops to breakeven after a profitable move can help lock in gains. Summary and Directional Outlook PLTR’s strong performance today suggests bullish sentiment, with potential for further upside if momentum holds. Breaking above $51.60 with volume could lead to a continuation toward $55. However, if profit-taking sets in, support levels near $48 and $45 may provide dip-buying opportunities. Traders should keep a close eye on volume and price action to gauge the strength of the move in the coming sessions. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult with a financial advisor before making trading decisions.
NYSE:PLTR
by BullBear-Insights
Palantir Bullish Long-Term PlayPalantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index. Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index. This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year. Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development. Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
NYSE:PLTR
by Pandorra
Palantir’s Next Move: Key Levels to Watch for Tomorrow! Nov. 4,1. Trend and Price Action: PLTR is currently in a descending channel, reflecting short-term bearish sentiment. The recent price action shows lower highs and lower lows, indicating that sellers are still in control. The stock is trading below its moving averages, suggesting continued pressure to the downside unless a reversal occurs. 2. Support and Resistance Levels: Immediate Resistance: Around $45.07 - $45.75, a key level that could act as a barrier if PLTR tries to rally. Immediate Support: Around $40.80, a level that has held previously and could offer a potential buying opportunity if tested again. Additional Support: Near $40.00, providing a psychological floor if bearish momentum intensifies. 3. Volume Analysis: Volume has been relatively consistent, but no significant buying pressure has emerged yet. Watch for increased volume at the key support levels, as it could signal potential accumulation by buyers. 4. MACD Indicator: The MACD is currently in a bearish stance, with the MACD line below the signal line. This suggests downside momentum, though any crossover could signal an early sign of reversal. 5. Price Action Setup: Bullish Scenario: If PLTR breaks above the upper descending trendline, especially with strong volume, it could push toward the resistance around $45.07. A breakout above $45.75 would signal a stronger reversal. Bearish Scenario: Failure to hold above $41 could lead to a test of $40.80 and possibly even $40.00. A breakdown below these levels would reinforce the bearish trend. My Thoughts: Current Bias: Cautiously bearish unless PLTR can show signs of breaking out of its descending channel with increased volume. Suggested Approach: Watch for price action around the key support and resistance levels, and consider using tight stops due to the volatile nature of this setup. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading stocks carries risk. Always conduct your own research or consult a financial advisor.
NYSE:PLTR
by BullBear-Insights
PLTR Technical Analysis for Nov. 1, 2024Key Levels Support Levels: $40.80: This recent low could serve as the nearest support, where buyers may show interest. $38.03: Further down, this level represents a stronger support if price action sees a steeper decline. Resistance Levels: $42.06 - $43.00: This range acts as the immediate resistance zone; breaking through here could signal a stronger bullish move. $45.06: A key level for medium-term resistance, also aligning with the previous high on the chart. Price Action and Trends The current price action shows a downtrend with lower highs and lower lows. However, PLTR has recently seen a slight recovery attempt, with MACD showing a potential crossover, suggesting a possible reversal or bounce. Entry/Exit Points Entry: If the price can break and hold above the $42.06 resistance with a surge in volume, it could provide a long entry, with a target towards $43 or higher. Alternatively, if it tests and holds support near $40.80, a long entry may also be considered. Exit: Look to scale out at $43 and possibly at $45.06 if momentum supports the trade. A break below $40.80 may invalidate a bullish setup. Additional Thoughts MACD Crossover: The MACD is showing signs of a potential bullish crossover, which could indicate a short-term upward momentum shift. However, volume confirmation would be crucial for any sustained move. Volume Analysis: There was a recent increase in sell volume, which may warrant caution. Watch for buy volume to confirm a reversal. Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading involves risk, and it’s essential to conduct your own research or consult a financial professional.
NYSE:PLTR
by BullBear-Insights
PLTR Technical Analysis for Oct. 29, 2024Ascending Channel: PLTR is trading within an ascending channel, which suggests an upward trend. The upper and lower boundaries of this channel are marked by the white trendlines. If it holds within this channel, it may continue trending up. Key Levels: Resistance: Around 45.75, as marked by the upper red line, has acted as a resistance level, where price has faced rejection multiple times. Support: Near 44.68, where the price has been consolidating. If this level holds, it could serve as a springboard for an upward move. Additional Support: Around 42.06, which is a stronger support zone. A break below 44.68 could lead the price to test this lower level. Volume Analysis: Volume spikes align with moves toward the upper channel, indicating buying interest. However, recent volume appears lower, suggesting indecision or consolidation before the next major move. Momentum Indicator: The MACD at the bottom reflects a neutral position, implying balanced buying and selling pressure. Watch for a crossover or divergence to signal a potential shift. Outlook: If PLTR breaks above the 45.75 resistance, it may continue to rally toward 47. However, if it breaks below the 44.68 support, look for a potential retracement towards 42. Monitor the channel boundaries closely. A breakout above the channel could signal bullish continuation, while a breakdown might indicate a reversal or deeper pullback. Let me know if you’d like a more detailed analysis. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.
NYSE:PLTR
by BullBear-Insights
6
PLTR Technical Analysis for Oct. 28,2024Here’s a technical analysis for PLTR ahead of tomorrow’s trading session: Trend and Price Action: PLTR shows an uptrend with a strong upward move recently, consolidating just below resistance levels. The trendline in place could act as dynamic support if there’s a pullback. Support and Resistance Levels: Resistance: Key resistance lies around $45.07, and a break above this could signal further bullish momentum, targeting higher levels in the $46-$47 range. Support: Immediate support is around $43.67, with a stronger zone near $42.50–$42.06, where buying interest may step in. MACD Indicator: The MACD appears to be approaching a crossover point. A bullish crossover could reinforce upward momentum, while a bearish crossover might indicate consolidation or a pullback. Volume: The recent increase in volume aligns with upward momentum, signaling buying interest. However, if volume decreases during consolidation, it could suggest an imminent breakout or breakdown. Suggested Strategy Bullish Scenario: If PLTR breaks above $45.07, consider entering with a target of $46, with stops below $44 for risk management. Bearish Scenario: If PLTR retraces, look for support around $42.50–$42.06 to consider long entries. A breakdown below $42 could signal a change in trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a professional before making any trading decisions.
NYSE:PLTR
by BullBear-Insights
Palantir UpdatePalantir made a new high on Friday which could mean a couple of things. According to the white count, the first is that the wave (iv) was really short and shallow. If the relationship between wave (ii) and (iv) is to be standard, then this is most likely NOT the case. Should the white count prevail, then we would ideally target the 1.0 @ $57.07 to conclude wave 3 before kicking off wave 4, targeting the 0.786 @ $43.16. The turquoise labels suggest that we're within wave (iii) still. If this is the case, then then we would still target the 1.0 followed by a drop to the 0.786. The main difference is what degree the count is in, and what comes next. If turquoise prevails, then I would expect it to follow the turquoise line to conclude wave 3 before wave 4 would ideally take us back down to the area of the 1.0 @ $57.07. In short, the white wave 3 targets the 1.0 @ $57.07, while the turquoise count targets the 1.382 @ $93.95 for the conclusion of wave 3. We will know in the days / weeks to come, but these two counts are the most probable to me at this time. Both have the same longer-term target; they just differ on how we get there.
NYSE:PLTR
by TSuth
2
Palantir ($PLTR) IT MIGHT FINALLY BE TIME FOR A PULLBACK! 5 RY:NYSE:PLTR IT MIGHT FINALLY BE TIME FOR A PULLBACK! Retail investors don't hate me for this. I'm a shareholder, too! DIP BUY INBOUND?! 5 REASONS WHY: 1⃣ We have DIVERGENCE on the Weekly Chart 2⃣ We have Volume Profile Gap Down 3⃣ It's a TRIM according to my Valuation Metric Tool (0/6 score) 4⃣ Top 5 gainer in AMEX:SPY 5⃣ Have a SIP and find out by watching. 👇 Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Will Palantir finally have a pullback? What price would you like to load up on more shares? Not financial advice.
NYSE:PLTRLong
by RonnieV29
14
Is Palantir in a Danger Zone? We will see after the report... Palantir is about to announce its quarterly report. As we analyzed in the last report, the price reached its highest point after several years, but after reaching this liquidity zone, it had a pullback as we announced before. However, Palantir is showing strength in this area, and we ended on the last candle where it will attempt again to surpass this liquidity zone with strongly. Will it succeed? I believe Palantir has the volume to continue moving a bit higher, but at this point is entering an area where the upward momentum is slowing significantly. On one hand, we’re seeing a double-top forming, and the candle hasn’t fully formed yet. We need to wait and see if the next candle shows liquidity. If so, we should be cautious about the wick length, as that could signal trouble for Palantir. so with the earnings report approaching, there is a lot of uncertainty, which may make it difficult for the price to break this liquidity zone. We should stay alert this November 4th. Palantir has excellent fundamentals, but its recent reports have barely exceeded analysts' expectations. If this report misses even by a small margin, I think we could see a significant drop due to the stock being heavily inflated. Here are Palantir's latest results: Nov 02, 2023 2023 (Q3) Analysts = 0.06 / Reported = 0.07 (BEAT) Feb 05, 2024 2023 (Q4) 0.08 / 0.08 May 06, 2024 2024 (Q1) 0.08 / 0.08 Aug 05, 2024 2024 (Q2) 0.08 / 0.09 Nov 04, 2024 2024 (Q3) 0.09 / (Mon, Nov 4) Thank you for supporting my analysis. TRADE SAFE! Best regards!
NYSE:PLTR
by RocketMike111
PLTR short updated, parabolas dont last foreverPLTR I have been waiting for this trade for a while now. 40$ is a great psychological level, the stock is tremendously overvalued whether youre a fan or not. I personally do not like the company nor do I generally trade it. Much like my TSLA short I just did that played out nicely here we are again on an overheated cult stock rising into resistance and an important fib. I have started to enter an aggressive November 32$ strike put position. The stock is riding the top of the bollinger bands, it has run away from all the EMAs and from the already aggressive trend (teal). I think we at least revisit this weekly demand zone. We should print a rejection candle next week but maybe the market just continues this insanity higher. My plan is to continue adding 32$ puts if we dont see this happen Monday. I will then add spreads likely December 35s for a little safer ride. I expect at least a 20% correction here maybe closer to 25%.
NYSE:PLTRShort
by Apollo_21mil
9