ANALIZING PALANTIR ITS JUST COMMON SENSE... BUT BE VERY CAREFULLLet’s welcome Palantir (PLTR) into the weekend analysis!
As we can see in the chart, today I wanted to do general structure analysis not too specific, as we are practically touching the highest level again in nearly 4 years.
Congratulations to all who bought at $12–16 per share and are still holding Palantir, but as I show in the chart, from point A to point B, it took almost 4 years to reach these levels again.
But here’s my question: WHAT WOULD YOU DO IF YOU BOUGHT AROUND $40 IN 2021?
I’d love to know, as this situation can greatly influence each person’s psychology when making a fundamental decision in trading.
(LEAVE YOUR OPINION IN THE COMMENTS)
I want you to know that I don’t just focus on price analysis. I also study company valuation. Based on a fundamental analysis of its balance sheet and recent moves by PLTR, I’ve concluded that Palantir is currently 171% above its intrinsic value.
In my personal opinion, my decision leans more toward common sense…
What do I mean?
1. Palantir is 171% overvalued.
2. Palantir is diluting its investors like crazy! In every quarterly report.
Do you know what dilution is?
Stock dilution can be harmful to shareholders because the value of each share is reduced, even though the investor holds the same number of shares. This is because the total value of the company doesn’t increase proportionally with the number of shares.
Palantir is an excellent company, although it’s a bit complicated to understand what they do and how they make money. But in my personal opinion, a company that dilutes its investors is nothing but a red flag to me—and a big red flag—because I call this the silent killer for investors.
At this point, PLTR is more on the hype side!
If Palantir reports well in November, we could see the stock above $50 per share, BUT if Palantir reports anything that doesn’t meet investor expectations, any data that falls short… Buckle up!
But how much could it fall? The truth is, I don’t know. But if we base it on technical analysis, I have an important inflection point (purple zone) where I expect the price to bounce after a sharp drop. BUT CAUTION! Only if Palantir doesn’t meet expectations.
An inflection point in trading refers to a critical moment on a price chart where the trend or price direction is expected to change. It marks the transition from one phase of price movement to another, often signaling a turning point in market sentiment or momentum. Traders pay close attention to inflection points as they may indicate a radical trend shift.
Traders use these points to adjust their strategies, such as entering or exiting positions, to capitalize on the expected change in price direction.
BUT WHAT WILL REALLY HAPPEN? I don’t know, maybe this time it will be different—who knows? But the only thing I can tell you is that numbers don’t lie, and neither does price action.
So, I hope the decision you make is the right one!
Thank you for supporting this analysis.
Sending you my best regards!
PLTR trade ideas
PLTRSuper extended here At ATH...
Out of all the 2020/2021 Spacs that IPO, PLTR defied the odds and outperformed.
I think a pullback is coming for that 30$ gap close but a drop that steep won't come without some company specific negative catalyst.
Last time price was this extended technically on PLTR was July 31 of this year.. price corrected 30% over the next 2weeks.
For now I'm looking for a pullback to 38 gap close and most likely 36 fib support. No timetable for this draw down but considering PLTR range of movement we could see 36$ by 10/25.
Like I said, 30 would be the long term short but 36 will be hard to breach without a negative catalyst (Earnings).. I take profit at 36..
And yes permabulls there is a possibility of a major cup and handle at play if 30ish holds but that handle will likely take weeks to form which means chop and consolidation at between 30-36
Stop losses over 46.00
Should we Long or Short on PLTR (10/11/2024)?Price Action:
Current Resistance: The stock is near resistance at $43.87, which is testing the highs of the current trend. A clear breakout above this level would signal continued bullish momentum.
Support Levels: The key support areas are at $41.23 and $40.12, with the latter being a significant level where buyers stepped in during the previous dips.
Uptrend: There is a strong upward trendline providing support from the lows seen earlier in October. This trendline may serve as dynamic support if the price pulls back.
Direction:
Bullish Scenario: If PLTR can break and hold above $43.87, it could continue its upward movement with a target toward the next psychological level of $45 or higher. Watch for volume spikes on the breakout to confirm strength.
Bearish Scenario: If the price fails to break resistance and begins to fall, look for potential support at $41.23. A break below this level could lead to a further decline toward $40.12 or the lower order block near $38.80.
Volume and Indicators:
Volume: Volume has tapered off slightly as the stock reaches the resistance level. Increased volume will be needed for a significant breakout.
Momentum Oscillators: Mixed signals from momentum oscillators suggest that the price could either consolidate at current levels or experience volatility in the short term. Watch for shifts in momentum to confirm direction.
Order Block:
Bullish Order Block: Around $38.80 - $40.12, a previous consolidation zone, suggests significant buying interest. If the stock falls back into this range, it could find support and possibly rally.
Strategy:
For long positions, consider entering on a breakout above $43.87 with volume confirmation. Target the next resistance level or ride the trend if volume picks up.
For short positions, look for failure at $43.87 or a break below $41.23 with a potential target at $40.12 or the order block near $38.80.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult with a licensed financial advisor before making any investment decisions.
PLTRchart update on pltr. sure this alignes with my previous post but wanted to reapproach since were puishing the ath and the elvels i charted have already hit by now. here are the upside targets, but theyre far away
Stocks are down? "Another 20 trillion to Israel"Palantir is still trending up, it will keep trending up until it doesn't.
Target is 35, if it fails that there's still some trades to be made with this stock.
PLTR: Will the Bullish Trend Continue? (10/10/2024)Key Levels:
Resistance:
43.34: This level marks the recent high, which could act as resistance if the price attempts to push upward.
43.02: Slightly below the high, this could also act as a minor resistance level.
Support:
41.21 - 41.45: A potential support zone, as shown by the red lines on the chart, may hold up the price if a pullback occurs.
40.29: This level aligns with previous price action and could serve as strong support if the price drops further.
38.79: A deeper support level, acting as the last significant low in case of a larger pullback.
Trend and Indicators:
Trendline: The upward trend is still intact based on the diagonal line drawn, indicating bullish momentum. However, the price has started to consolidate near the top of the trendline, showing signs of potential exhaustion or a pullback.
MACD: Currently showing a slight bearish crossover below the zero line, which could signal short-term weakness. Keep an eye on whether this bearish divergence continues, as it may indicate downward momentum.
Strategy for Tomorrow:
Bullish Scenario: If PLTR holds above the 41.45 - 41.21 support zone and breaks through the 43.34 resistance, it could signal a continuation of the uptrend. Watch for increased volume to confirm the breakout.
Bearish Scenario: If PLTR fails to hold above 41.21, look for a potential drop towards the 40.29 support level. A break below that could send the price towards 38.79, especially if bearish momentum continues on the MACD.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Always conduct your own research and consider consulting with a professional before making trading decisions.
$PLTR Finding that Perfect EntryNYSE:PLTR is a stock that will easily be a 300$+
Not only does it have government contracts, consumer based equipment artificial intelligence monitoring systems; this company has plans to program the programmer.
It has already dug into fully integrated touchpoint systems that any person can use, to fully program from scratch any product, game or software utilizing point and click mythologies.
This is a holy grail for advancement of the human race.
As we can see, NYSE:PLTR has taken off after squeezing out the shortie hedge funds.
Like many stocks right now, this one is headed to it's next 1.618 extension level on the all time level.
Once we begin the pullback at this level of around 63.99$, you can expect between 60% and more likely 70% retracement of the move off demand for our next buy in at between 15 and 20$.
Be ready, formulate and execute your plan.
Palantir Hit a Record High This Week. What Do Its Charts Say?Palantir Technologies NYSE:PLTR reached a new all-time high this week as the tech firm continues to enjoy a month-long rally that began on Sept. 9 after S&P Dow Jones Indices announced plans to add it to the S&P 500. What does technical and fundamental analysis say might happen from here?
Regular readers might recall that I wrote about PLTR some two months ago, when the big data/artificial intelligence software firm’s stock was trading at about $27 following its Q2 earnings release.
Palantir was showing potentially bullish technical patterns then, which turned out to be accurate given that the stock topped $40 a share this week. (Disclosure: I was long PLTR when I wrote about the company in August, but do not own any shares as of this writing.)
Let’s see what Palantir’s fundamentals and technicals look like now:
Fundamental Analysis
Wall Street expects Palantir to release its Q3 earnings on or about Nov. 1, and analysts’ current consensus calls for $0.09 adjusted EPS (GAAP EPS: $0.04) on $703.7 million of revenue. That would be good for year-on-year earnings growth of 29% on revenue growth of 26%.
In fact, all 11 sell-side analysts that cover Palantir have increased their earnings estimates since Q3 began.
Meanwhile, PLTR has recently enjoyed several seemingly positive fundamental catalysts:
-- The company officially joined the S&P 500 on Sept. 23. Such a move historically helps a stock because S&P 500 ETFs and index funds all have to buy shares.
-- PLTR last week unveiled "Live Edge," a new product it developed in partnership with Edgescale AI. Live Edge is designed to enhance physical AI capabilities to help bring artificial intelligence to manufacturing, utilities and other complex industrial sectors.
-- Palantir announced on Sept. 25 a multi-year, multi-million-dollar extension of its enterprise deal with APA Corp. NASDAQ:APA , formerly known as Apache Oil.
-- The firm won a five-year $99.8 million award on Sept. 20 from the DEVCOM Army Research Laboratory to extend the company’s Maven Smart System to the U.S. military. Maven is part of the Pentagon’s National Geospatial-Intelligence infrastructure that supports AI battlespace awareness, global force integration and management, logistics, joint operations and targeting workflows.
On the other hand, Palantir co-founder and Chairman Peter Thiel sold more than $600 million worth of PLTR shares in late September and early October, bringing his total sales for the year to date to $1 billion+.
Still, those were all sales made on a previously announced schedule, and Thiel has reportedly not sold any of his voting shares. In fact, he and CEO Alex Karp and board member Stephen Cohen still firmly run the company as a triumvirate.
Palantir’s Technical Analysis
Here’s PLTR’s chart for roughly 2024 to date:
Readers will see that a cup-with-handle pattern formed in early August with a $30 pivot. That provided for some optimism at the time.
Now let’s look at a chart with what’s called “Andrews’ Pitchfork” model overlaid on top of Palantir’s breakout since roughly Aug. 9:
You can see that PLTR has repeatedly based over the past two months, almost consolidating its gains in a step-ladder-like way. The stock moved from the pitchfork’s lower chamber to its upper one and is now even testing the whole model’s upper trendline.
The chart above also shows that Palantir has held its 21-Day Exponential Moving Average (denoted with a green line) after an early September test. In fact, the stock has basically stayed above that line as its share price accelerated.
Similarly, PLTR hasn’t tested either its 50-Day Simple Moving Average (the blue line above) or 200-Day SMA (the red line) in some time.
True, Palantir’s Relative Strength Index (the gray line in the above chart) has moved above 70, which puts it slightly into technically overbought territory.
However, that doesn’t historically mean that a selloff is imminent, as stocks can stay overbought for some time. Instead, such a reading is typically more like a heads-up that shares could soon enter a basing period of consolidation.
In fact, Palantir’s Daily Moving Average Convergence Divergence -- the black and gold lines and blue bars at the bottom of the above chart -- looks bullishly postured.
The histogram of Palantir’s 9-Day Exponential Moving Average (the blue bars above) is in positive territory. Meanwhile, PLTR’s 12-Day EMA (the black line above) and 26-Day EMA (the gold line) are both well above zero, with the black line above the gold line. The combination of those three components in that way is historically considered bullish.
As for a pivot point for the stock, I don’t currently see an identifiable technical pattern in place, so I’m using the pitchfork’s upper trendline as a “moving pivot.”
That pivot was right around $41 at I wrote this -– close to the $41.45 that Palantir closed at on Friday. However, it appears likely to grow as time passes.
Still, a move by the stock to consolidate ahead of earnings would not be unhealthy in my opinion.
(Stephen “Sarge” Guilfoyle is Markets Commentator for Moomoo Technologies Inc.)
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Wednesday EveningMid week is over and the first half of the week has not been convincing for Palantir. I don't expect a change of the mood for the remaining 2 trading days so that I assume that the weekly picture will rather remain gloomy.
At moment the weekly candle looks like an emerging star. Thus next week may become corrective.
I expect the momentum to decline tomorrow or on Friday.
PLTR Technical Analysis October 9, 2024Price Action:
Current Price: $41.65, with a high at $42.12.
Trend: PLTR is in a strong bullish trend, having recently broken above the key resistance at $40.29. It has been making higher highs and higher lows.
Key Levels:
Support:
Immediate support at $40.29 (previous resistance turned support).
Lower support at $38.89 where the price consolidated before the recent breakout.
Resistance:
Immediate resistance at $42.12, which is the recent high.
Further resistance can be expected near $43, a psychological level and potential next target for bulls.
Indicators:
MACD: Showing bullish momentum, with the MACD line moving above the signal line, confirming the upward trend.
Trading Plan:
For Bulls: A continuation above $42.12 could target the $43 level or higher. Consider entries on pullbacks near the $40.29 support, with stops below $40.
For Bears: A rejection from $42.12 or a break below $40.29 could lead to a retracement towards the $38.89 support zone.
Outlook for Tomorrow:
Bullish Bias: PLTR's bullish momentum could continue as long as it holds above the $40.29 support level. A break above $42.12 would confirm further upside potential.
Disclaimer:
This analysis is based on technical data and is not financial advice. Please conduct your own research and consider risk management when trading.
Palantir Technologies | PLTRPalantir stock is set to pop in the next year as the tech firm erects an artificial intelligence "fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday.
According to Wedbush's Dan Ives, Palantir is headed to $25 a share in the next 12 months. That represents a surge of 54% from Thursday's closing price of $16.15. Shares were up 5.7% at $17.07 early Friday.
The data software firm, which has been funded in part by the CIA's In-Q-Tel venture capital arm, is the "Messi" of AI, Ives said, referring to Argentine soccer superstar Lionel Messi.
"As we begin the 4th Industrial Revolution, Palantir is engaging in the widespread trend of various industries leveraging recent generative AI innovations to streamline operations and improve expense profiles," the Wedbush analysts wrote. Given Palantir's wide roster of partners in both the public and private spheres, Wedbush sees the next six to 12 months as a period of significant expansion for the company as it serves the growing demand for enterprise-scale large language AI models.
"This is early innings on a sum-of-the-parts AI story just on the cusp on monetizing this massive green field AI opportunity," it predicted.
Palantir CEO Alex Karp has been a vocal proponent of the rapid development of AI even in the face of risks associated with the technology.
In an op-ed for the New York Times this week, he wrote that AI will shape political developments in this century in the same way that nuclear weapons drove geopolitics in the last century. He cautioned that there are risks, but they should not deter the continued advancement of AI. "If these technologies are to exist alongside us over the long term, it will also be essential to rapidly construct systems that allow more seamless collaboration between human operators and their algorithmic counterparts, to ensure that the machine remains subordinate to its creator," he wrote. "We must not, however, shy away from building sharp tools for fear they may be turned against us."
Palantir is one of the most popular stocks, and for many, it's been a wild ride. Since the direct listing, investors have seen shares skyrocket to the high FWB:30S , crash to $5.84, and ride the AI boom back to the high teens. I invested in PLTR at the direct listing and purchased shares on the way up and as they declined in price. I was vocal about my dissatisfaction with how Alex Karp handled what has now become the infamous Q2 2022 conference call and became bullish again as PLTR turned things around. 2023 has been a strong year for PLTR as shares have increased by 182.47% YTD. Some investors have done well, while others got back to even or chipped away at the losses. Since May 5, shares have appreciated by 143.59%, appreciating from $7.41 to $18.05. Q2 2023 earnings are around the corner as PLTR is set to report post-market on August 7. Shares can continue higher into earnings and continue throughout 2023 if PLTR delivers growth across its revenue, earnings, customers, and contracts while maintaining its Q2 free cash flow (FCF) margins. In this article, I will discuss what I am looking for in the Q2 2023 earnings report and provide some insights as to what I think shares of PLTR could be worth in the future.
In 2021, PLTR made 45 official announcements through its website newsroom, and in 2022, PLTR had 44 announcements. PLTR has been busy in 2023; through July 18, they have made 26 official announcements. This doesn't include any of the blog posts PLTR has written discussing the work their conducting. I continuously research these aspects as they provide insight into what will be discussed on the earnings call and in the 10-Q. In Q2 2023, PLTR posted 14 press releases and another four in July. For PLTR to continue its growth trajectory, it needs more adaptation of its products in the government space as well as the private sector.
I expect PLTR to deliver strong growth numbers as there have been significant partnerships announced since April 1. On the government side, Palantir announced two deals with government entities in Ukraine, including the Prosecutor General's Office of Ukraine and the Ministry of Digital Transformation of Ukraine. PLTR announced that Ukraine would utilize its technology to support the defense and reconstruction of the country and empower Ukraine investigators with critical data processing tools regarding 78,000 registered war crimes. US Special Operations Command entered a multi-year contract worth up to $463 million to expand its enterprise capabilities.
On the commercial side, PLTR expanded its cloud partnership with Microsoft (MSFT), entered into an agreement to build an integrated management flow system on top of Foundry for CA Modas S.A, and expanded its partnership with Jacobs Solutions (J). These partnerships are critical because it will allow PLTR to expand throughout several sectors through some of the largest counterparts. I expect the Jacobs and Microsoft partnerships to be extremely beneficial in the coming years as more companies look to create value by enabling AI and moving toward data-driven decisions.
PLTR guided for revenue to come in at $528-$532 million in Q2 and revenue of $2.185-$2.235 billion for the full year. In Q1, PLTR delivered $525.2 million in revenue which is 24.04% of the low-end estimates and 23.5% of the high-end estimates for 2023. For PLTR to meet its 2023 full-year revenue guidance, it would need to generate an average of $553.27 million in Q2–Q4 to meet the low-end projection and an average of $569.94 to meet the high-end estimates.
I expect PLTR to deliver at least $550 million in revenue for Q2 and discuss how they will increase incremental revenue throughout the year as more contracts continue to be initiated on an ongoing basis. If we see anywhere from $550-$575 million in revenue for Q2, it would be a strong indication that the high-end estimates will be met or exceeded when they report their 2023 fiscal year numbers. If PLTR records $550 million in Q2, $575 million in Q3, and $601 million in Q4, PLTR will generate $2.25 billion in annual revenue for 2023. This would be an average QoQ revenue increase of 4.6% over the next three quarters. I think it will be a strong signal coming off the AIP conference if PLTR is on track to beat the high-end estimates, as that would mean PLTR will be moving into the $600 million quarterly revenue bracket sometime in 2023 and inching their way closer to generating over $1 billion in revenue on a quarterly basis.
PLTR has now strung together two consecutive quarters of GAAP profitability and is projecting its adjusted income from operations coming in at $118-$122 million in 2023 and between $506-$556 million for their fiscal year. In Q1 2023, PLTR generated $125.11 million in adjusted income from operations, which is 24.73% of the low-end projection and 22.50% of the high-end estimate. This would mean that PLTR would need to increase its adjusted income throughout the year to meet its annualized projections.
I dislike adjusted numbers and prefer free cash flow (FCF) as it's harder to distort than other profitability measures. In Q1, PLTR generated $188.9 million in adjusted FCF, which is a 36% margin. PLTR's true FCF number was $182.6 million, as they generated $187.4 million in cash from operations and allocated $4.8 million toward CapEx. This places PLTR's FCF margin at 34.77%, which is the largest margin they have operated at since becoming a publicly traded company.
I have previously indicated that I believe PLTR can replicate similar growth to Salesforce (CRM). CRM currently has a market cap of $223.51 billion and, in the TTM, has generated $32.19 billion of revenue and $7.06 billion in FCF. Mr. Market is valuing CRM at a 6.94x multiple on sales, and 31.64x FCF. CRM has seen explosive growth over the last decade as its grown its revenue by 690.67% and its FCF by 1,125.54%. Including the TTM, CRM has operated at a 20.57% FCF margin over the previous five years.If PLTR finishes on the high-end of their revenue estimates for 2023 they would deliver $2.25 billion in revenue. PLTR's previous projections placed their 2025 revenue at $4 billion or more and I don't recall seeing updated estimates. If PLTR comes in on the high end of the 2023 projections and generates $2.25 billion, its YoY revenue growth would have decelerated from 41.11% in 2021 to 23.61% in 2022 and 18.12% in 2023. Hypothetically, if PLTR can grow its revenue at a 15% YoY basis over the next decade from 2024–2033, it would generate $2.98 billion in revenue for 2025 and $9.12 billion in 2033. At a 33% FCF margin in 2033, PLTR would generate $3 billion in FCF. At a 32x multiple on FCF, PLTR would be valued at $96.17 billion.
If PLTR can maintain an 18% YoY revenue growth rate and maintain a 33% FCF margin, PLTR will generate $11.78 billion in revenue and $3.89 billion in FCF in 2033. At a 32x FCF multiple, PLTR would be valued at $124.42 billion. If PLTR was to grow at a quicker pace of 21% YoY on average, they would generate $15.15 billion in revenue and $5 billion in FCF in 2033. Assigning a 32x multiple on their FCF would place PLTR at a $159.93 billion valuation.
Based on these assumptions, PLTR could grow between 151.49%-318.23% over the next decade, which would be an annualized return of 15.15%-31.82%. These are just assumptions regarding what could occur and why I feel PLTR could be a good long-term investment.
For those who think a 32x multiple on FCF is a crazy valuation, I am going to place a table below. Based on the current market caps, big tech has multiples from 31.29x to 221.31x. Putting the outliers aside, it's not uncommon to see companies trade in the 40x range. Even companies such as the Coca-Cola Company (KO) trade at a 29.90x multiple and PepsiCo (PEP) trade at a 45.41x multiple on FCF.
PLTR which side of this trade are you onUpdated, alleged mild slope channel. This is a massive slope, waaaaaaay overboard to the upside. I still think we see 32$ in the coming weeks, the RSI is way overheated, volume is not great either.
PLTR for Tomorrow Trading 10/8/2024Key Levels:
Resistance: The recent high around 40.29 acts as a strong resistance. If PLTR moves upward, this level will be critical for a breakout.
Support: The support level is forming near 38.80 based on the current consolidation zone. A drop below this could lead to a further decline towards 38.40.
Moving Averages:
The 15 EMA is crossing under the 161 EMA, showing bearish momentum is present. PLTR is trading below these moving averages, signaling downward pressure unless a reversal occurs.
MACD:
The MACD is currently bearish with the MACD line crossing below the signal line. However, the histogram bars are shrinking, which might signal a slowing in bearish momentum and potential consolidation or reversal.
Volume:
The volume has been decreasing during this downtrend, which may indicate that the selling pressure is weakening, and buyers could start stepping in soon.
Candlestick Patterns:
The recent series of red candles suggests sellers are in control, but the last few candles show consolidation, suggesting indecision at this level.
Plan for Tomorrow:
Bullish Scenario: If PLTR holds the 38.80 support level and moves toward 39.46, a break above this could lead to testing the 40.29 resistance. Look for volume increase for confirmation.
Bearish Scenario: A break below 38.80 could lead to a further decline towards 38.40 or lower. Watch for continued MACD weakness and low volume to signal continued downside.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always do your own research before making trading decisions.
PLTR: Watch out for these turning points! (D&W charts)PLTR broke through the resistance at $38 that we warned about in our last study, triggering another bullish continuation pattern. It has also broken through an important resistance on the weekly chart, which further reinforces the bullish bias.
Now we have to update the main turning points to keep an eye on over the next few days. The link to our previous study is below this post, as usual.
Daily Chart (Left):
Higher Highs and Higher Lows: The price structure on the daily chart shows a consistent pattern of higher highs and higher lows, suggesting strong bullish momentum. This pattern indicates that buyers are stepping in at higher levels after each retracement, maintaining the trend.
Support Levels: Immediate support is found around $38.30, which aligns with a previous minor resistance zone that was broken and turned into support. Below that, $36.05 remains a significant support level, as it is near tthe 21-day EMA, making this a double support area. PLTR needs to lose this key point in order to reverse the mid-term trend and trigger a sharper correction in the weekly chart. PLTR would need to lose the double support level seen on the daily chart is order to trigger a pullback.
Gap at $31.04 (D) + 21-Week EMA: These two key points would act as targetts if a sharper correction materializes. The gap at $31.04 seen on the daily chart could work as a magnet, attracting the price to lower levels, while the 21-week EMA is another reliable support level on the weekly chart.
Weekly Chart (Right):
Ascending Channel: PLTR has been trading within an ascending channel since mid-2023, respecting both the upper and lower trendlines. The price broke the upper boundary of this channel, indicating a potential acceleration of the bullish momentum towards its next target.
All-Time High Target: The all-time high for PLTR is around $45.00, and it is its next resistance level, meaning, it is our next target.
Conclusion:
PLTR’s bullish momentum is well-supported on both the daily and weekly charts. The price is maintaining a solid structure of higher highs and lows, with $36.05 acting as the nearest support and $41.00 as the immediate resistance. If the price manages to break through $41.00 convincingly, the all-time high at $45.00 could be tested. A sustained breakout above the ascending channel on the weekly chart would further confirm the continuation of the uptrend. Traders might consider waiting for a confirmed breakout above $41.00 or watching for a potential pullback to $36.05 as a safer entry point.
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: TA for tomorrow (10/07/2024)Price Action
Current Price: Around $39.92
Recent High: $40.29 – This is acting as immediate resistance. A breakout above this level could signal more upside potential.
Volume: Volume has picked up as PLTR moved upward, suggesting strength in the recent uptrend.
Support and Resistance Levels
Immediate Resistance:
$40.29 – A key level. If price holds and breaks above this, watch for continuation toward the next psychological resistance around $41.00.
Immediate Support:
$39.24 – This is a minor support level, close to the current price. If the price pulls back, this level could hold.
Stronger Support:
$37.63 – This is a significant support zone. If the price drops below $39.24, this level could see a bounce, given the recent consolidation and volume in this area.
Major Support:
$36.05 – This is a critical level. If price breaks below $37.63, watch for this zone for a strong reversal.
Entry and Exit Points
For Long (Buy) Position:
Entry: If price breaks above $40.29 with strong volume, a potential entry can be taken for a quick scalp or short-term trade.
Target: Next resistance level around $41.00-$41.50.
Stop-Loss: A stop-loss can be placed just below $39.24 in case of a breakdown.
For Short (Sell) Position:
Entry: If price struggles to break $40.29 and reverses, a short position could be entered around $39.90-$40.00.
Target: Price could drop to $39.24, and further to $37.63 if the support breaks.
Stop-Loss: Set a stop-loss above $40.50.
Direction
The stock is currently in a strong uptrend, with higher highs and higher lows. However, it's approaching a resistance zone. If it can break above $40.29, we could see continued momentum. Otherwise, a pullback towards $39.24 or $37.63 is likely if resistance holds.
If you're looking for a trend continuation, keep an eye on volume tomorrow at the open. A strong push with high volume above resistance would support a bullish bias.
PLTR - likely halfway through the current moveNYSE:PLTR has had an amazing run. It seems to love filling proportional measured ranges. We're likely halfway through this move before another consolidation period.
$PLTR - channel break out. $45 incomingPLTR - channel break out here. stock on the way to test all time highs of $45. looking for calls above $40 for a move higher. Stock is strong on indicators and pattern. on high watch.
PLTR Detailed Technical Analysis for Tomorrow (10/4/2024)Price Action Overview:
PLTR is showing strong bullish momentum, breaking above previous resistance levels. It is currently trending higher with a clear bullish push as indicated by the volume and the steady price action above the breakout level of $37.64. The stock is moving in an uptrend, and the recent price action suggests that the bulls are in control.
Key Support Levels:
$37.64 - $37.49: The previous resistance level, now turned into short-term support. If the stock pulls back, this area could act as a solid support for a continuation upward.
$36.39: A major support level just below. If price breaks below $37.64, this is the next level where buyers might step in.
$36.06: The low point from previous sessions. If the stock retraces further, expect a test of this level.
Key Resistance Levels:
$39.45 - $39.50: This is the next resistance area to watch, which may act as a barrier for the bulls. If price reaches this level, it may face selling pressure, but a break above this could push PLTR toward higher levels.
$40.00: A psychological resistance level. This round number will be key if PLTR continues its bullish run, as it can attract more attention from traders and investors.
Entry/Exit Points:
Entry (Bullish): A clean breakout above $39.45, with strong volume, could offer a good entry point for a potential push toward the $40.00 mark or higher.
Entry (Bearish): If the stock fails to hold above $37.64 and drops below this support level, a short entry could be considered, targeting $36.39 or lower.
Exit (Bullish): For those entering around $39.45, consider taking profits near $40.00 or higher if bullish momentum sustains.
Exit (Bearish): If shorting below $37.64, take profits near the $36.39 or $36.06 levels, depending on price action.
Directional Suggestion:
Bullish Bias: The current momentum and break above key resistance levels indicate a bullish bias. A continuation upward looks likely, with targets around $39.50 - $40.00. However, look for confirmation of a breakout above $39.45 for further upside.
Bearish Scenario: A failure to hold above $37.64 could see a pullback toward $36.39 or lower, which may present a short opportunity. Watch for declining volume and weaker price action to confirm this scenario.
PLTR: super duper bullish breakoutPLTR is on a tear officially breaking out of rising wedge (with a retest!)
Get ready for new all time highs palantarians.
Comment below with your cost average and why you think we can go past 45?
PLTR deep dive on potential shortPLTR I have marked the last previous zones for the major corrections. The average correction has been in the 27% range with about 16 weeks between each correction. Given my prior statement about setting up a short around 40$, this is in alignment with the plan. I have added a demand box which is a monthly zone, drawn optimistically. The weekly stochastic is very overheated here, the daily is pointing upward. This leads me to believe we see this overheat in the coming weeks before a major correction. The stock has run way from the moving averages pretty heavily and rides the top of Bollinger bands.
My plan:
40$ is the fib zone I have been eyeing, this is also a strong psychological level
The RSI will top around then as well and using price and range statistics I will predict this around the 16th week with around a 25-28% correction to the demand zone drawn. I will buy long put spreads that are fairly aggressive likely Dec or Jan
PALANTIR Sell signal at the top of the 15-month Channel Up.Palantir (PLTR) gave us a solid buy signal 3 months ago (June 24, see chart below) as it respected the recurring bottom sequences within the 15-month Channel Up:
Right now the price has been consolidating after a direct hit at the top (Higher Highs trend-line) of the Channel Up. The 1D RSI got overbought and started pulling-back on a standard Bearish Divergence, a formation which three time within this pattern turned-out to be a solid sell signal.
The dashed Channel Up gives us a short-term Target on its bottom, which is where the 1D MA50 (blue trend-line) is trading at and is the short-term Support. That is our Target currently (Target 1 = 34.50).
If and only if, we close a 1D candle below the 1D MA50, we will open a new sell, as it will be a bearish break-out signal. In that case, we will target a potential near contact with the 1D MA200 (orange trend-line), which is the long-term Support and where the remarkable buy entries of August 05 and January 31 were provided (Target 2 = 29.50).
Keep in mind that the most optimal buy entry for the long-term (since May 2023) has been given by the 1D RSI and more specifically when it hits its Support Zone. We will continue to place buy long-term buys accordingly.
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PLTR (Palantir Technologies)Support Zone:
There’s a significant support zone around the $35.80–$36.10 level, marked by the green shaded area. This level has seen multiple bounces in the past, indicating strong buying pressure when the price nears this zone.
The price previously tested and rejected this area, leading to a reversal.
Resistance Levels:
Immediate resistance is around $37.64, as shown by the most recent test of this level on the chart. There’s also a higher resistance at $37.70, which has seen multiple rejections.
Further resistance above these levels is likely around $38.20, near the upper trendline.
Trendlines:
The diagonal white trendline indicates an upward trajectory, showing a bullish trend within this timeframe. PLTR has been respecting this trendline, with each touch leading to a potential bounce upward.
Volume:
The volume shows a slight uptick on the recent bullish move, signaling increasing interest from buyers. Watch for volume confirmation if the price breaks through the current resistance levels.
Entry/Exit Points:
A potential entry could be around the support zone ($36.10) if the price pulls back. However, if you’re already in the trade, watching for a breakout above $37.70 would be a solid bullish continuation signal.
A conservative exit could be around $38.20 or trailing your stop loss as the price moves toward this region.
Indicators:
The oscillators at the bottom seem to be showing bullish momentum building. However, ensure that the oscillator doesn’t go into overbought territory too soon, as this could signal a short-term correction.
Strategy:
Bullish scenario: If PLTR breaks above $37.70 with good volume, it may continue toward $38.20 and potentially beyond. Setting stop losses just below the trendline or the $36.40 level could be a prudent risk management approach.
Bearish scenario: If PLTR fails to hold above the trendline or breaks below $36.10, there could be a retest of $35.80 and possibly lower levels.
Scalping PLTR today (October 1, 2024)1. Support and Resistance Levels
Immediate Resistance: $37.47 (visible from the recent high).
Immediate Support: Around $37.15 (VWAP point and price consolidation level).
Lower Support: $36.65 (where the volume profile shows significant interest).
2. Volume Profile
There is a high volume node around the $37.00 - $37.20 range, indicating this area could act as both support or resistance in the short term, depending on market direction.
Below $37.00, the next volume support is around $36.65, which could be a target if price breaks down further.
3. EMA Analysis
The 15 EMA (yellow line) and 161 EMA (purple line) appear to be tightly following the price, meaning there's current consolidation or indecision in the market.
Watch for any break above or below these EMAs for scalping opportunities, particularly on the upside above $37.20 and downside below $37.10.
4. Price Action for the Week
Bullish scenario: If PLTR breaks above $37.47, look for the next target around $37.60 - $37.80. A break above these levels could indicate a potential trend continuation.
Bearish scenario: If price breaks below the $37.00 support and volume supports the breakdown, the next target could be the $36.65 level or lower.
5. MACD and Momentum Indicators
The MACD seems to be flattening, which confirms the consolidation. For scalp entries, it’s crucial to wait for momentum shifts as indicated by the MACD crossover or divergences in volume.
Scalping Strategy for Today
Breakout trade: If PLTR breaks above $37.20 with strong volume, consider entering long with a target at $37.47.
Breakdown trade: If price breaks below $37.10 with rising sell volume, consider shorting with a target at $36.65.
Watch the volume profile levels: Price action near these zones can help in determining scalping entries or exits.
