PALANTIR OVERBOUGHT , big drop incommingPALANTIR was overbought in a very small timescale , 30 percent drop incomming
PLTR trade ideas
PLTR: Buy ideaBuy idea on PLTR as you can see on the chart if only if we have the breakout with force the resistance line.
Palantir Technology Inc _ Quarter 3 _ Distribution prices _ UndePalantir Technology Inc _ Quarter 3 _ Distribution prices _ Under _ Trading _ Venue _ NYSE
1st Distribution
$29.23
$29.63
______________
2nd Distribution:
$30.66
$30.98
$31.34
___________
3rd Distribution price:
$32.03
$32.53
$33.27
______________________
After the distribution market will drop to the level of $26.32
What's happening with PLTR today(?)Let do some TA and Observations:
Time Frame: The chart is set to a 30-minute interval, providing a detailed view of the intraday price movements.
Volume Profile: Visible on the right side, showing significant trading activity around the $27.30-$27.40 level, with a high concentration of volume at these prices.
Support and Resistance Levels:
Resistance: Around $28.38.
Support: Around $25.03, with a recent higher support forming around $26.34.
Price Action: The stock has been consolidating between $27.30 and $28.00 after a significant upward movement followed by a sharp drop today.
Volume: The volume bars show increased trading activity during the sharp drop, indicating potential panic selling or profit-taking.
MACD: At the bottom of the chart, the MACD shows recent bearish crossover, indicating potential downward momentum.
Analysis:
Consolidation: The stock appears to be in a consolidation phase between the $27.30 and $28.00 levels after experiencing volatility. This range is relatively narrow, suggesting that the market is taking a breather and deciding on the next direction.
Volume Profile: The high volume around the $27.30-$27.40 level suggests this is a critical area of interest where buyers and sellers are actively trading.
Support and Resistance: The stock is currently near a support level around $27.30. If it breaks below this level, the next support would be around $26.34. Conversely, a break above $28.00 could see a retest of the recent high around $28.38.
MACD: The bearish crossover and the current position below the zero line indicate that the momentum is currently negative.
Potential Scenarios:
Bullish Scenario:
If the stock finds support around $27.30 and holds, it could move back towards $28.00 and potentially break higher to test the resistance at $28.38.
Watch for increasing volume on upward moves as confirmation of a bullish breakout.
Bearish Scenario:
If the stock breaks below $27.30 with high volume, it could move towards the next support at $26.34.
Continued downward momentum indicated by the MACD and increasing selling volume could push the stock lower.
Strategy:
For Long Positions: Consider entering around the $27.30 support level with a tight stop-loss below $27.00 to limit potential losses. Target the $28.00 and $28.38 levels for taking profits.
For Short Positions: If the stock breaks below $27.30, short positions could be considered with a stop-loss above $27.50. Target the $26.34 support level for taking profits.
Conclusion:
The stock is currently in a consolidation phase after a volatile move. Monitoring the key levels of $27.30 for support and $28.00 for resistance will be crucial. Volume and momentum indicators will provide additional confirmation for potential breakouts or breakdowns.
PLTR - Cup & handle to Long?PLTR long term profit ? Cup & Handle pattern + Above the average line 150.
Caution - results report in a few days!
Only an idea and not a recommendation for trading!
PLTR has room to 33-35I am watching this, PLTR still has room to 33-35 and then $45 (If ER still promising)
29 ==> 33-35 ==> 45
PLTR: Watch Out For This Key Point.The PLTR chart on the daily and hourly timeframes shows key levels and patterns that suggest potential trading opportunities.
Recently, the price action shows a breakout above the previous resistance level of $27.50, turning it into a new support level. This breakout is a bullish sign, suggesting that the stock has the momentum to seek higher levels.
However, the price has pulled back slightly, indicating a possible retest of the $27.50 support level before continuing its upward trajectory. The stock has been in a strong uptrend, riding above the 21-day EMA. This EMA line has acted as dynamic support, helping to push the stock higher.
On the hourly chart, the price action mirrors the daily trend with a clear uptrend supported by the 21-hour EMA. The price recently broke above the key level of $27.50 and is now consolidating above this level.
This consolidation phase could be seen as the stock gathering strength for the next leg up. The $27.50 level now serves as a critical support on the hourly chart, and a sustained move above this level would confirm the bullish bias.
PLTR is showing bullish signs on both the daily and hourly charts. The key levels to watch are $27.50 for support and the EMA on the hourly chart. A successful retest and hold of the $27.50 support level could maintain the bullish bias, and PLTR would seek higher levels after that. If PLTR fails to hold above its support levels, then it would seek its next support levels, like the $25 area, or even the 21 EMA on the daily chart again. This week is going to be decisive.
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.
Palantir Sneaks Toward Old HighsPalantir Technologies has moved sideways for about five months, but now it could be sneaking toward a breakout.
The first pattern on today’s chart is the March 7 close of $26.46. It was the highest closing price for more than two years, but the software company closed above it last Friday. Are investors getting comfortable with higher values? (It was also resistance on June 20.)
Second, consider how the moving averages have evolved since early March. Then, the 8-day exponential moving average (EMA) and 21-day EMA were extended above the 50-day simple moving average (SMA) and 100-day SMA. By early June, they were on top of each other and are now expanding. That may suggest a period of consolidation is morphing into a new uptrend.
Next, MACD is rising.
Fourth, the series of higher weekly lows starting in mid-April may reflect accumulation by longer-term buyers. (Also notice the steeper ascent in June.)
Finally, TradeStation data shows software makers starting to outperform in the last month following weakness in April and May. That could potentially favor PLTR.
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PLTR Breakout trendline and retest 20-22 Support ZonePLTR making pitstop at every 2.20 forming small support and resistant around 20.70, 23, 25 and heading towards previous high 27.3 which is short term target.
From here, we can see clear price structure of PLTR and able to predict better buy/sell at right place.
Slow Turtle (Price Action Indicator) triggers BUY signal on 6 JUNE with Bullish MCDX and FiFT parameters.
Buy Alert pops up on Hourly timeframe at around 20-22 Support Zone with strong momentum.
MCDX Sell Volume drop to below near 0% which is Insignificant Sell volume relative to Buy volume. MCDX Buy Volume (Whale) become strong and active (Strong Red = Above average Buy volume detected)
FiFT is also a volume based indicator but it is much more sensitive also turning into +ve TurnOver.
First is to challenge previous swing high at 27.3 exposing to next target at pyschological level 30
PLTR: Just simple as is. :)Analyzing the weekly chart of PLTR (Palantir Technologies Inc.), focus on the key technical indicators, support and resistance levels, volume profile, and trend patterns to provide a detailed technical analysis for the upcoming months.
Key Observations:
Current Price: ~$27.23
Volume Profile:
VAH (Value Area High): ~$30
VAL (Value Area Low): ~$21.50
POC (Point of Control): Not explicitly visible, but appears around the current price level.
Support and Resistance Levels:
Support: $25.00, $21.50
Resistance: $30.00, $41.00, $45.00
Trend Lines:
Upward Trend Line: Indicates a bullish trend from recent lows.
MACD:
Bullish momentum indicated by a recent bullish crossover.
Detailed Technical Analysis:
1. Trend Analysis:
Uptrend: Palantir is currently in an upward trend, indicated by the ascending trend line from the recent lows.
Higher Highs and Higher Lows: This pattern confirms the bullish sentiment in the market.
2. Support and Resistance:
Immediate Resistance: The most immediate resistance level is around $30.00. Breaking this level could lead to further upside potential.
Current Support: The most immediate support level is at $25.00, followed by $21.50. These levels should hold for the bullish trend to continue.
3. Volume Profile:
High Volume Nodes: Around the current price level, indicating significant trading activity and potential support/resistance areas.
4. MACD Analysis:
Bullish Crossover: The recent bullish crossover suggests upward momentum. This is a positive signal for potential further gains.
Six-Month Projection:
Short-Term (Next 1-2 Months):
Bullish Bias: Given the current bullish crossover in the MACD and the upward trend, Palantir is likely to test the resistance level at $30.00.
Breakout Potential: If Palantir breaks above $30.00 with strong volume, it could target the next resistance at $41.00.
Mid-Term (3-4 Months):
Consolidation Phase: Palantir may consolidate between $25.00 and $30.00 if it fails to break the immediate resistance. This phase would be healthy for the stock, allowing it to gather momentum for the next move.
Long-Term (5-6 Months):
Possible Bullish Continuation: If Palantir sustains above $30.00 and breaks $41.00, it may indicate the continuation of the bullish trend.
Targets: A breakout above $41.00 would target the next resistance at $45.00 and potentially higher if bullish momentum is strong.
Trading Strategy:
For Swing Traders:
Entry: Consider entering long positions if Palantir sustains above $25.00 with a bullish reversal signal or on a breakout above $30.00.
Exit: Set profit targets near $30.00, $41.00, and $45.00.
Stop-Loss: Place stop-losses below $25.00 or $21.50, depending on the entry level.
For Long-Term Investors:
Accumulation Zone: The range between $25.00 and $21.50 may be considered an accumulation zone if the long-term bullish outlook remains.
Diversified Approach: Dollar-cost averaging (DCA) could be a prudent approach to mitigate risks associated with short-term volatility.
Conclusion:
Palantir's current weekly chart shows a bullish bias with potential upside to test and possibly break resistance levels. The next six months could see consolidation and possible trend continuation, depending on market conditions and company performance. Traders should closely monitor support and resistance levels, volume, and momentum indicators for entry and exit points.
Palantir TechnologiesPalantir Technologies has recently witnessed a strong rise after forming a higher low at 23.30$. In Friday's session, the Palantir violated the last peak at 26.57$, and the confirmation of this breakout by remaining above 26.57$, will push the stock to test the major peak at 27.50$, which is the level that needs to be violated, to confirm the major uptrend, which will trigger further rises near 29.30$ - 30.50$ - 31.93$ - 33.50$ on the short term.
The stop-loss lies below 25.75$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
PLTR 6/25/2024Here are a few observations and potential scenarios for its price movement tomorrow based on 4 hrs:
Support Levels: The chart shows a significant support level around $22.85, where the price has recently found some stability. If this support holds, it could prevent further decline and might even lead to a rebound.
Resistance Levels: There is notable resistance around $24.22. If the price moves upwards, this level will likely act as a barrier. Breaking through this resistance would be a positive sign and could indicate a move higher.
MACD Indicator: The MACD (Moving Average Convergence Divergence) at the bottom of the chart shows that the MACD line is below the signal line but appears to be converging. This could suggest a potential reversal if the MACD line crosses above the signal line.
Volume Profile: The volume profile indicates higher trading volumes at specific price levels, particularly around $24.22. This implies significant interest and activity at this level, which can act as a strong resistance.
Trend Lines: The upward trend line shows that PLTR is currently in a short-term downtrend, but it has been maintaining an overall upward trajectory over the longer term.
Scenarios:
Bullish Scenario:
If PLTR maintains its support at $22.85 and the MACD crossover occurs, we might see a rebound towards the resistance at $24.22. Breaking and holding above this level could target higher prices around $26.55 or more.
Bearish Scenario:
If the support at $22.85 fails to hold, PLTR could see a further decline towards the next support levels at $22.13 and $21.50. Continued bearish momentum could target the $20.59 level.
Conclusion:
Given the current technical indicators, PLTR's price movement tomorrow will heavily depend on how it interacts with the $22.85 support and $24.22 resistance levels. Watching for a MACD crossover and volume changes will be crucial in determining the next direction.
For a more precise prediction, it is essential to consider broader market conditions and any news or events specific to Palantir Technologies.
PLTR Based on 4-Hour Chart 6/26/2024
Overview
Chart Timeframe: 4-hour
Current Price: $24.56
Volume Profile Indicator: Significant volume node around $24.61.
Trend: Recently corrected from a high of $26.60.
Key Levels:
Support: $22.86
Resistance: $24.61, $26.60
Indicators: MACD shows bullish momentum starting to build up.
Analysis
Trend Analysis:
The price has recently corrected but found support around $22.86.
There is a potential for a pullback to the previous support turned resistance at $24.61.
If the price can break above $24.61, the next target is around $26.60.
Volume Profile:
A significant volume profile node at $24.61 indicates strong resistance. Breaking above this level could lead to further gains.
MACD:
The MACD shows a potential bullish crossover, suggesting the start of upward momentum.
Possible Scenarios:
Bullish Case: If PLTR can break above $24.61 with good volume, it could target the next resistance at $26.60.
Bearish Case: If PLTR fails to break above $24.61, it might retest the support at $22.86.
Trading Strategy
For Long Position:
Entry Point: Around $24.61 on a confirmed breakout with high volume.
Target: $26.60
Stop Loss: Below $22.86 to minimize potential losses.
For Short Position:
Entry Point: Near $24.61 if the price shows rejection and fails to break through.
Target: $22.86
Stop Loss: Above $25 to minimize potential losses.
Summary
Key Levels to Watch:
Resistance at $24.61 and $26.60.
Support at $22.86.
Indicators:
Bullish momentum building up on MACD.
Action Plan:
Watch for a breakout above $24.61 with strong volume for a long position targeting $26.60.
If resistance holds, consider shorting with a target of $22.86.
Proper risk management is crucial. Use stop losses to protect against potential reversals. Adjust your strategy based on market conditions and new information.
Palantir Technologies (PLTR) Cup with HandlePLTR tries two days in a row to take pivot. Relative Strength is now in an improved position over the past two weeks without being technically overbought. The daily MACD is also more bullishly postured with the 12-day EMA curling away from the 26-day EMA and the histogram of the 9-day EMA still in positive territory. The only difference now from my last missive is that for a second day in a row, that pivot has been tested from below. Here, in my opinion is where the stock will either be rejected or will benefit from a slingshot-like burst of momentum.
Palantir Technologies (PLTR)
Target Price: $32
Pivot $26
Add: down to the 200-day SMA
Panic: On a loss of that 200-day SMA.
I believe my target price for PLTR is the second highest on Wall Street, only to Dan Ives of Wedbush who has a $35 target on the stock. Joseph Bonner of Argus Research would be third with a $29 target.
Disclaimer: I am long PLTR.
PLTR: Buy ideaBuy idea on PLTR as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle.
PLTR: Getting ready for another leg-upI think buyers will be caught off guard by this next surge. We haven't seen the 30 dollar range since early IPO days. The air is thin up here with little resistance left to break. 30 and 45 are not out of the question for the second half of the year.
Consolidation phase prior to earnings. People want to see a beat and increased guidance.
If earnings aren't what buyers are expecting, we'll retest supports.
Otherwise, PLTR is testing new 52 wk highs.
Formations to note:
Potential cup and handle
Oscillator coiling, preparing for volume surge in either direction
PLTR is cooked. down down downGood Afternoon Traders,
It was a good run, but NYSE:PLTR is now cooked at the range expected.
New high higher than the high that sent price down,
retrace levels until support.
Not looking for buys till $13 on NYSE:PLTR
This is developing all sorts of HTF to LTF bearish divergences for confluence.
Updates once it looks like a nice buy presents.
Have a nice day.
PLTL is a good for long? Why and Why notPalantir Technologies Inc. (PLTR) on a daily timeframe, let's analyze the technical indicators and patterns to forecast potential price movements and investment opportunities for the next few months.
Volume Profile:
VAH (Value Area High): Around 25.34
VAL (Value Area Low): Around 25.33
Support and Resistance Levels:
Support Levels: 21.86, 21.56, 21.50
Resistance Levels: 25.34 (VAH), 27.50 (previous high)
The stock is in an overall uptrend, as seen by the ascending trendline.
The MACD is above the signal line, indicating bullish momentum.
Analysis and Investment Strategy:
Bullish Indicators:
The stock is trading above the ascending trendline, which indicates a strong upward trend.
The MACD shows bullish momentum, supporting potential further upside.
The price is near the VAH (25.34), suggesting a breakout might occur if it breaches this level.
Bearish Indicators:
If the price fails to break above the VAH (25.34) and faces resistance, it might indicate a pullback.
Watch for the MACD to cross below the signal line, which could indicate a potential reversal.
Investment Decision:
Why to Invest:
Trend Strength: The stock is in an uptrend with higher highs and higher lows, indicating strong momentum.
Potential Breakout: A breakout above 25.34 could lead to further gains, with the next resistance around 27.50.
Bullish Momentum: The MACD indicator supports the bullish case, suggesting the stock may continue to rise.
Why Not to Invest:
Resistance at VAH: The stock is currently at a key resistance level (25.34). If it fails to break above this level, it might see a pullback.
Overbought Conditions: If the stock is overbought, it might face a short-term correction before continuing its uptrend.
Potential of PLTR for the Next Few Months:
Bullish Scenario:
If PLTR breaks above 25.34 with strong volume, it could test the next resistance at 27.50.
Continued bullish momentum and positive market sentiment could push the stock even higher.
Bearish Scenario:
If PLTR fails to break above 25.34 and the MACD turns bearish, the stock might see a pullback to the support levels at 21.86, 21.56, or 21.50.
Summary:
Key Levels to Watch: 25.34 (Resistance), 21.86, 21.56, and 21.50 (Support)
Trading Plan:
Long Position: Consider buying if the price breaks above 25.34 with a target around 27.50.
Stop-Loss: Place a stop-loss just below 25.34 or below the ascending trendline to manage risk in case of a pullback.
Monitor MACD: Keep an eye on the MACD for any potential bearish crossover as a signal for caution.
Given the current bullish indicators and strong trend, investing in PLTR could be a good opportunity. However, be cautious of the resistance at 25.34 and ensure to manage risk appropriately.
PLTR: ready to continue momentum Hidden bullish divergance spotted after we created a higher low in stock price combined with a lower low created in the oscillator.
This is a signal that tells us we may continue upwards.
It also appears we may be creating a cup small cup and handle formation. So the price may consolidate prior to another upward move further along in the channel(s)
Let's see how the following weeks play out.
PLTR 6/28/2024PLTR (Palantir Technologies Inc.), let's break down the technical analysis for both long-term trade and scalping opportunities for tomorrow, Friday, June 28.
Long-Term Trade Analysis
Trend Analysis:
This 4 hrs chart shows a general uptrend in the recent period, with higher highs and higher lows.
The price is currently trading above the 50-period moving average, which is a bullish signal.
Support and Resistance:
Support Levels:
$24.00: Close to the lower trendline and previous support.
$22.38: Marked as a significant low in the chart.
Resistance Levels:
$26.60: Marked as a recent high in the chart.
$27.00: Psychological resistance and previous resistance level.
Indicators:
MACD: The MACD histogram is showing a bullish crossover, indicating upward momentum.
Volume: Volume bars are relatively high, suggesting strong interest in the stock.
Long-Term Trade Strategy
Entry Point:
Consider entering a long position if the price breaks above the $25.32 resistance level with high volume.
Alternatively, wait for a pullback to the $24.00 support level and enter if the price shows signs of bouncing back up.
Exit Point:
Target the $26.60 resistance level for taking partial profits.
If the bullish trend continues, aim for the $27.00 level.
Set a stop-loss below the $24.00 support level to manage risk.
Scalping Strategy
Intraday Levels:
Resistance Levels:
$25.32: Immediate resistance.
$26.00: Psychological level and near-term resistance.
Support Levels:
$24.50: Near-term support.
$24.00: Stronger support level.
Indicators:
Volume Profile: Indicates areas with high trading activity, useful for identifying potential reversal points.
MACD: Can be used for confirming short-term momentum shifts.
Scalping Strategy
Entry Point:
Look for entry opportunities if the price breaks above the $25.32 level with increased volume.
Alternatively, consider entering at the $24.50 support level if there is a strong bounce with confirming volume.
Exit Point:
For quick scalps, aim to exit near the $25.60 to $26.00 range.
Set tight stop-losses below the $24.50 level to minimize losses.
Summary
Long-Term Trade:
Entry: Above $25.32 or on a pullback to $24.00.
Exit: $26.60 or $27.00.
Stop-Loss: Below $24.00.
Scalping:
Entry: Above $25.32 or at $24.50.
Exit: $25.60 to $26.00.
Stop-Loss: Below $24.50.
Cup & Handle on the DailyThe Daily chart continues to show an upward trend with bull volume being higher on average. The support at the $20 range has held and it looks like we will be making a push to $30 by the end of August/September.
In my opinion this looks like a large cup and handle. Palantir as a company has received government contracts, and with the A.I space only growing. Palantir has positioned itself as a future long-term partner of the United States government along the likes of Northrop Grumman or Raytheon.
PLTR: good buying opportunities comingI think we can see lower 20's prior to earnings next month. Earning's will let us know how we're doing on growth. Tech is hyper-sensitive to earnings at the multiples and the street will want to see a strong story.
