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PALANTIR TECHNOLOGIES INCPALANTIR TECHNOLOGIES INCPALANTIR TECHNOLOGIES INC

PALANTIR TECHNOLOGIES INC

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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.
NYSE:PLTR
by BullBear-Insights
2
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..).
PLong
by WeRideAtDawn
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 $32.00. These levels can be good entry points if the price drops and shows signs of reversal. Volume and Trend: The volume appears steady but not overly aggressive, indicating price consolidation before potentially making a larger move. Watch for any breakout above the current price levels. Indicators: Based on the oscillators and volume in your chart, PLTR looks like it might still have upward momentum, but it’s nearing overbought levels. A potential reversal or pullback may occur soon, so cautious traders might want to wait for confirmation of a direction. Cathie Wood's ARK Selloff: Cathie Wood’s ARK has sold over 4 million shares of PLTR recently, which could impact the stock price as large institutional selloffs often lead to volatility. In fact, ARK completely liquidated its position in Palantir, citing concerns over the company's competitive positioning within the government sector. However, this large sale doesn’t necessarily indicate a bearish long-term trend, but it can trigger short-term price fluctuations due to changes in sentiment​(markets.businessinsider.com). Given this, tomorrow's price action could see volatility, consider taking advantage of intraday movements, especially near key support and resistance levels.
NYSE:PLTR
by BullBear-Insights
SMCI to get back up to 1000$ ?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.
NYSE:PLTRLong
by alebogatov2
5
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 $29 again would be ok, and possibly would offer another buying opportunity. PLTR's price would have to lose these suport levels in order to materialize a real pullback on the weekly chart. Always buy near support levels, because the Risk/Reward ratio is optimized in such levels. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NYSE:PLTR
by Nathan_The_Finance_Hydra
5
PLTR takes profit after gap upPLTR received some wonderful news lately and surged to dramatic highs very quickly Gapped up then rallied during yesterday trading before settling off Expected selloff is starting as hype wears off. We should expect to see more selling off in the near term before stock settles PLTR remains in the bullish zone so far. We are starting to see more weakness in risky tech assets forming. So expanding on long term bullish positions should be done cautiously.
NYSE:PLTR
by ratchet-mint
4
Palantir ($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.
NYSE:PLTR
by PennyBois
Palantir - Great Short Opportunity?For the full depth analysis please refer to my previous analysis. I was waiting for an overshot on the B Wave, now it’s clear to me we are in an ABC corrective pattern to the downside, an expanded flat to be precise. I fully expect us to close an old gap between $35-36 and then start to head down. Do your own research, hate, like or simply just enjoy my analysis. Not financial advice, my short will be compounded between $34-36. And if this level is broken to the upside, I will close my trade at a small loss.
NYSE:PLTRShort
by NoFOMO_
9/9/24 - $pltr - finally i can size up short at $349/9/24 :: VROCKSTAR :: NYSE:PLTR finally i can size up short at $34 - have been looking for some obvious shorts to offset my long book - at 30x sales, look no further than the stonk where everyone loves it because the number has gone up but where nobody has a clue about how to explain 1 + 1 = 100 - see you on the other side... short in size. (thanks!) V9/9/24 :: VROCKSTAR :: NYSE:PLTR finally i can size up short at $34 - have been looking for some obvious shorts to offset my long book - at 30x sales, look no further than the stonk where everyone loves it because the number has gone up but where nobody has a clue about how to explain 1 + 1 = 100 - see you on the other side... short in size. (thanks!) V
NYSE:PLTRShort
by VROCKSTAR
3
Palantir ($PLTR) Stock Surges on S&P 500 InclusionPalantir Technologies, Inc. ( NYSE:PLTR ), a leading AI-powered data analytics company, saw its stock soar in premarket trading on Monday. This rally comes on the back of two key developments: Palantir’s upcoming inclusion in the S&P 500 Index and a newly extended strategic partnership with bp, introducing cutting-edge AI capabilities. Here's a deeper dive into the technical and fundamental aspects driving Palantir’s recent surge. S&P 500 Inclusion and BP Partnership S&P 500 Inclusion: A Major Milestone Palantir’s addition to the S&P 500 Index is set to take effect on September 23. The S&P 500 is widely considered the best gauge of large-cap U.S. equities, comprising 500 leading companies that represent about 80% of the total market capitalization. Meeting the eligibility criteria for S&P 500 inclusion—a market cap of at least $15.8 billion, adequate trading volume, and primary listing on a U.S. exchange—marks a significant validation of Palantir's growing influence and profitability. Inclusion in the S&P 500 is a major positive for Palantir, as it will prompt index-tracking funds and ETFs to buy shares, thereby boosting volume and liquidity. Historically, stocks added to major indices see a surge in buying activity, as funds need to replicate the index composition. According to Wedbush analyst Daniel Ives, this move significantly bolsters Palantir’s profitability profile, further validating the company's growth trajectory. Strategic Partnership with BP: Extending a Decade of Innovation Palantir also announced an extended enterprise agreement with bp, strengthening a decade-long strategic relationship with the introduction of new AI capabilities powered by Palantir’s AIP software. This partnership will continue to leverage Palantir’s industry-leading digital twin technology, which integrates real-time data from over 2 million sensors into a unified operating picture. This collaboration has been pivotal in enhancing efficiency across bp’s oil and gas production, driving operational improvements through sophisticated digital simulations. The new AIP software will allow bp to safely utilize large language models (LLMs) for decision-making support, offering real-time suggestions based on comprehensive data analysis. Palantir’s robust infrastructure and transparent AI deployment aim to ensure reliable operations while safeguarding against potential AI errors. This partnership exemplifies Palantir's commitment to enhancing industrial efficiencies through AI, solidifying its role in bp's ongoing digital transformation. Bullish Momentum with Key Support and Resistance Levels Technically, Palantir’s stock shows a strong bullish momentum. As of the latest data, NYSE:PLTR is up 8.16% with an RSI of approximately 67, suggesting it is approaching overbought territory. Despite this, the stock’s positioning above key moving averages—the 50-day, 100-day, and 200-day MAs—indicates a continuous bullish pattern, signaling strong upward momentum. Key Support and Resistance Levels Palantir’s technical landscape features important price levels that investors should monitor. Key support is seen around $28.50, where the stock previously found a solid base before its recent surge. On the upside, resistance is expected near $35, a psychological level that could see profit-taking by short-term traders. A break above this resistance could trigger further gains, especially if the stock maintains its position above key moving averages. Volume and Liquidity Surge The inclusion in the S&P 500 is expected to boost trading volume and liquidity for Palantir, as index funds align their portfolios with the new composition. Increased volume typically enhances price stability and reduces bid-ask spreads, making the stock more attractive to a broader range of investors. Conclusion: Palantir’s inclusion in the S&P 500 and its strengthened partnership with bp highlight the company’s ongoing growth and strategic positioning in the AI and data analytics sectors. Fundamentally, these developments validate Palantir’s business model and market potential, while the technical indicators point towards sustained bullish momentum. However, investors should remain cautious of overbought signals and monitor key support and resistance levels. Palantir’s story is one of innovation and adaptation, making it a compelling long-term play as the company continues to expand its influence across industries through strategic collaborations and technological advancements. With its AI capabilities poised to revolutionize data analytics, Palantir remains a stock to watch closely as it continues to carve out its place among the giants of the S&P 500.
NYSE:PLTRLong
by DEXWireNews
PLTR: Buy ideaOn PLTR we are in a bearish channel situation, with an attempt to break the vwap by buyers. This seems to us to be a high probability of seeing the market go higher with confirmation also of the break of the resistance line by a large green candle and followed by a large green volume. However, let's be careful because there can also be a reversal of the trend with the support line breaking forcefully by a large red candle and followed by a large red volume. It must be said, the market is often unpredictable.
NYSE:PLTRLong
by PAZINI19
Technical Analysis (PLTR 1-Hour Chart): Sept. 9, 2024Palantir (PLTR) is set to join the S&P 500 index on September 23, 2024, which has already led to a price jump of around 7% after the announcement. This inclusion could attract more institutional investors, potentially increasing the stock's liquidity and driving demand higher​. Technical Analysis (PLTR 1-Hour Chart): Volume Profile: Major resistance at $32.70 and support near $31.64. Trend: Recent spike towards $33 indicates bullish momentum, but be cautious around the $32.70 resistance zone. Suggestion: A pullback to $31.64 could offer a better entry. Watch volume and momentum at key levels. It’s possible that Palantir (PLTR) could experience a "sell the news" reaction after the initial excitement from the S&P 500 inclusion fades. While the news has driven the stock higher, traders might take profits, leading to a pullback in the short term. The key level to watch is $32.70, which could act as strong resistance. If the stock fails to break above this, there might be a retracement to around $31.64 or lower. I’d suggest monitoring price action closely near resistance levels before making a decision.
NYSE:PLTR
by BullBear-Insights
PLTR: Will SP500 entry boost stock price to target?PLTR ending diagonal is taking time and stretching out. The last few weeks have been forming a bull flag and now the news of SP500 entry is poised to push the share price higher. On an expanding diagonal, wave 5 is expected to be longer than wave 3. So, the price target puts it to over $40 or higher. My plan hasn't changed. My long term load target will come after the intermediate degree wave 1 is complete. Short term, I am looking for a long entry to catch the next wave. Broader market is getting pretty weak, so, a bounce is expected. PLTR will most likely take the crown during that bounce.
NYSE:PLTRLong
by mukit1
Technical Analysis on Palantir Technologies Inc (PLTR)Palantir ( PLTR ) is currently in a short-term bullish phase, as indicated by the green trendline, which began in May 2023 with the breakout of the descending trendline (orange) accompanied by a gap up and increasing volume. The stock has recently broken above the resistance zone R1, which it is currently retesting. Bullish Scenario: A short-term bullish scenario would see a move toward the next resistance level R2 in the $38-$40 area. Bearish Scenario: If the retest of resistance R1 fails, the stock could move towards the support areas, where potential entries could be considered if one anticipates a rebound: The POC area around $24; The weekly support S1; The weekly support S2. The support zones S2 and S1 are more clearly visible on a monthly timeframe:
NYSE:PLTR
by Giovanni_Bandini
Palantir - Retail darling entering danger zone FUNDAMENTAL REASONS: 1. Palantir's high P/E and P/S ratios suggest the stock is overvalued, making it vulnerable if growth doesn't meet expectations. 2. Revenue growth is decelerating, which could lead to a revaluation of the stock price as the company matures. 3. Palantir has struggled with consistent profitability and has thin margins, raising concerns about its ability to generate sustainable earnings. 4. Heavy use of stock-based compensation leads to shareholder dilution, which can put downward pressure on the stock price. TECHNICAL REASONS: 1. Potential fifth wave impulsive wave to the upside. This can either get rejected at the weekly (where we are now) or take one last move to the upside at the Monthly, which is a stronger level of resistance. 2. Ascending wedge pattern - higher probability of breaking down as it’s a bearish pattern. 3. Fibonacci confluence supporting the above. Potential trade: To play it safe you can set a tight stop above the horizontal levels, above the monthly just in case we break above that in a euphoric market. Anything can happen so play it safe. Not financial advice!
NYSE:PLTRShort
by NoFOMO_
1
$PLTR | Allocation | Buy Limit | Technical Confluences: Price is in Overbought conditions in the Weekly Timeframe (Will take time to play out) Price action bounced off 3 Resistances; Horizontal Trendline, top range of a Parallel Channel and the top of a Supply Zone Fundamental Confluences: PLTR's specialized software platorms that are complex yet scalable in it'sdata handling capabilities gives them their edge Competitors have yet to catch up to NYSE:PLTR 's advancement but competition is starting to build against them from other big tech firms The growth potential in data analytics is massive and it has not include massive global expansion A large portion of their revenue depends on government contracts which is stable but is susceptible to any changes in government and their policies (something to watch for) ----- This counter is a one that I had enter prior to this as shown. The story for NYSE:PLTR in the data analytics field is something that must be held in a long-term portfolio. At the moment, I don't see NYSE:PLTR breaking up above the 3 resistances and am expecting a reversal which I will place Buy Limit orders (as shown) to allocate more into this stock. -----
NYSE:PLTRLong
by weekendanalyst