Palantir Technologies Inc (PLTR)

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 79,090 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | March 6, 2024

• Cathie Wood and Ark Invest's trade activity from today 3/5.



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DiscoverGold

[JJ8]

PLTR share price HIGH POLE WARNING today on 4-March-2024. GLTA

[fwb]

Since PTLR and BBAI have a relationship
AND BBAI JUST ACQUIRED PANGIAM TECH (DIGITAL SECURITY.....)
Not saying they WILL......
But you never KNOW.... with a little HELP from PTLR
go after the DIGITAL WALLET CONTRACT

MEPs back plans for an EU-wide digital wallet:
https://www.europarl.europa.eu/news/en/press-room/20240223IPR18095/meps-back-plans-for-an-eu-wide-digital-wallet

Just connecting DOTS

[fwb]

AI's Winning Duos: BBAI & PLTR, SOUN & NVDA
By now, the AI revolution is no secret to Wall Street. However, two under-the-radar, pure play AI stocks offer asymmetric reward-to-risk. In addition, these two up-and-comers have recently inked deals with AI juggernauts, offering a massive catalyst. Below are the two highest-impact AI partnerships:

https://www.msn.com/en-us/money/other/ais-winning-duos-bbai-pltr-soun-nvda/ar-BB1jbHOw

[LQMT_Monster]

Pull back is coming get ready to buy the dip 20

[JJ8]

TrendSetter, unfortunately I notice that too many short term traders and trading is affecting the share price of Palantir, Inc.

In the AH trading the share price ended down from $24.93 down to $23.97.

That's more than 4% down already.

Knowing such dominating group of those involved gives a better clue for their impact. Thank you.

[DiscoverGold]

Palantir looks to be setting up for round two
By: TrendSpider | March 2, 2024

• Palantir looks to be setting up for round two.



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DiscoverGold

[JJ8]

Agree the Weekly chart is looking good. It's hard to explain why many Insiders are selling. Over the years the share price has been disappointing in performance. Probably times are different now. We shall see $30 hopefully next week. Happy Weekend & GLTY

[Oleblue]

The chart looks good with $30 in easy reach and then with little resistance and blue sky. OBV has turned up as well.

Weekly Chart

[JJ8]

PLTR share price has a SPREAD TRIPPLE TOP BREAKOUT today on 1-March-2024. This following Tuesday's Double Top Breakout is impressive indeed. GLTA

PS: I wouldn't be surprised if a sudden price jump happens! However, the Insider selling shares in the millions has also increasing as well. Who may win? We shall see.

[fwb]

Pltr has a relationship with BBAI.
I'm a Shareholder in both companies.......
either way I'm a winner here
PLTR will eventually TAKEOVER BBAI or BBAI will eventually TAKE OVER PLTR
BigBear.ai Completes Pangiam Acquisition: Establishes Combined Company as Breakout Leader in Vision AI for National Security, Supply Chain Management, and Digital Identity

[Roozy]

$30 comin’ up

[JJ8]

I see Pltr had a Double Top Breakout on Tuesday 27-Feb-2024. Too many stocks and no time to check the charts of every stock in my port.

PS: Hmm... does this smart man ever look into any mirror?

[Monksdream]

Bullish vid

[zackster]

Maybe on Friday SP500

[DiscoverGold]

Palantir Shares Are Under Heavy Accumulation
By: Lucas Downey | February 22, 2024

• Palantir Technologies (PLTR) has defied the skeptics, ramping 32% in 2024. Under the surface reveals it’s attracting Big Money activity.

Palantir Stock Reveals Strong Demand

Institutional volumes reveal plenty. For 1-year, PLTR has enjoyed heavy institutional support.
Each green bar signals unusually large volumes in PLTR shares, pushing the stock higher:


Source: www.mapsignals.com

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Palantir.

Palantir Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, PLTR has had positive sales & EPS growth in recent years:

• 3-year sales growth rate (+27.2%)
• 3-year EPS growth rate (+45.8%)

Source: FactSet

EPS is estimated to ramp higher this year by +20%.

Now it makes sense why the stock has been powering to new heights. Palantir is gaining due to the forward earnings picture.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

Palantir has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report only twice. The blue bars below shows when PLTR was a top pick…cutting through the noise.


Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.

Palantir Price Prediction

The Palantir rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

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DiscoverGold

[JJ8]

PLTR share price Low Pole Reversal today on 22-Feb-2024. Wishing better luck to all.

[starman2]

Bedwetters gone, $30 incoming

[DiscoverGold]

Bullish action in $PLTR call bought and puts sold .. chart setup not that .. stop at $22 if you try these calls ..
By: Cheddar Flow | February 20, 2024

• Bullish action in $PLTR call bought and puts sold .. chart setup not that .. stop at $22 if you try these calls ..





Read Full Story »»»

DiscoverGold

[JJ8]

Sold 40% of my shares at $25 this week. Although PLTR is in the right industry, I feel that its management makes makes me uneasy. Have been holding this stock almost after it's IPO and it was to be promising. But several years later it became a race to the bottom. It's only few months ago that my long term accumulation ave. cost turned positive. I have changed my view and regard it as a swing trading stock.

[lambchops]

Rebounded knuckely. Chewed grass and my k-nuc-le-lies all day on this one. But nice afternoon.

Momo line still intact.

LC

PLTR

[Blue Skys]

PLTR is Red Hot. I think that another shoe is going to drop sooner than later.

[retireat40]

Agree. After last week some consolidation is expected.

[fwb]

Letting some AIR out of the balloon slowly... not to worry

[retireat40]

Getting killed on CPI data

[retireat40]

Another weak PM. Hopefully we get a pop after 9:30am.

[lambchops]

Think you'll get your wish. PLTR is looking strong.

LC

PLTR

[retireat40]

Yep. Still hoping for 26-29 this week.

[lambchops]

This stock has good momo.

LC

PLTR

[retireat40]

PM looking iffy. Might be a red day today.

[lambchops]

IMO PLTR is making a move much higher.

LC

PLTR

[NinjaGalaxy36]

So excited to see where the company will go from here now when it turned to profiting company, they have iron solid contracts because of high installation costs, I guess the existing customers won’t switch their services anytime soon

[Oleblue]

https://stockcharts.com/articles/dont_ignore_this_chart/2024/02/decoding-pltr-stock-why-its-an-715.html?mc_cid=17c9a20667

Decoding PLTR Stock: Why It's an Attractive Investment
FEBRUARY 07, 2024 AT 01:48 PM
Jayanthi Gopalakrishnan
Director of Site Content, StockCharts.com

TAKEAWAYS
PLTR stock gapped up after its impressive Q4 earnings and guidance
Watch the average directional index and relative strength index to monitor the momentum of the upward trend
If momentum continues to be strong, the stock would be an attractive investment


If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of glory in 2021, when the stock price rallied from $10 to $45, to a slow decline to a low of $5.84.

Since April 2023, the stock has shown signs of life, with trading volume picking up and the stock price gradually rising. The main reason for this could be its involvement in the AI space. But PLTR's stock price also hit some headwinds when analysts became concerned about the slowing in growth from US government contracts.

Impressive Earnings Send PLTR Stock Higher
Palantir's Q4 earnings report, released Monday after the close, may be the catalyst for returning the stock to its previous highs. A large percentage of Palantir's growth came from commercial deals. Alex Karp, CEO of Palantir Technologies, emphasized the extraordinary performance of commercial deals—70% year-over-year growth—during the Q4 earnings call. Guidance was also positive.

On Tuesday, the stock experienced its best one-day gain ever, and it has continued to rise from there. Palantir was filtered in the New 52-week Highs scan in StockCharts. The weekly chart of PLTR paints a good picture of the stock price since its IPO in 2022. The stock has moved beyond its November high of $21.85 and faces little resistance before its September and November 2021 highs.

CHART 1. WEEKLY CHART OF PLTR STOCK. The stock has broken above its last significant high and has little resistance before hitting its September and November 2021 highs. The SCTR score sits at 99.
Chart source: StockCharts.com. For educational purposes.

Also, note the StockCharts Technical Rank (SCTR) score of 99 (see top panel). Between May and November 2023, the SCTR score was around 99, but it dipped from there. It's now back at its highs, which makes it a stock worth following.

Analyzing PLTR, Technically
When a stock gaps up after an earnings report, how do you know if it'll continue to trend? One way to help identify a trend is to add an indicator, such as the Average Directional Index (ADX), to a chart (see top panel).

In the daily chart of PLTR stock below, the ADX is at 17.62, below the 20 threshold most analysts use. Note that Welles Wilder, the creator of the indicator, preferred to use 25 as the threshold level. Whichever level you use, once the ADX crosses above the threshold level, it indicates a trend.

CHART 2. DAILY CHART OF PLTR STOCK. Is the gap up in the stock's price the start of a trend? Monitor the ADX and relative strength index (RSI) to see if the momentum remains strong. If it does, the stock would be a worthwhile investment.
Chart source: StockCharts.com. For educational purposes.

Since the ADX is trending higher, it may not be long before it hits the 20 level, especially if PLTR's stock price keeps rising. Remember that the momentum may be strong, as earnings results are still fresh in investors' minds. It tends to wane over time.

To see other stocks filtered in the StockCharts 52-week High scan, check out the Sample Scan Library page.

In addition to the ADX line, you could add the +DI and -DI lines to the indicator (select ADX Line (w/ +DI and -DI from the indicators list in the SharpCharts workbench). In the daily chart above, the +DI (green line) crossed above the -DI, which is considered a buy signal. This occurred a couple of days before the earnings report. If the +DI remains above -DI when the ADX line crosses above 20, it would be a favorable entry condition. A sell signal would be triggered when the -DI line crosses above the +DI line. You may also want to add a trailing stop if PLTR stock moves higher.

The relative strength index (RSI) is an indicator that can help identify a stock's momentum. The RSI is in overbought territory, but that doesn't necessarily mean the stock will sell off. A stock can remain in overbought territory for an extended period. If the stock continues to trend higher and its RSI remains overbought, it indicates that the momentum is still strong and investors are still interested in buying the stock.

The Bottom Line
PLTR's investment in AI data analytics, upbeat earnings, and positive guidance make it a stock to consider adding to your portfolio. Another positive for the company is its four consecutive quarters of positive GAAP earnings. This makes PLTR eligible to be added to the S&P 500. If this happens in 2024, it could be another catalyst that pushes the stock price higher. Most importantly, the stock trades below $30, making it an affordable AI play for many investors.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Happy charting!

TOPICS:
Jayanthi Gopalakrishnan
ABOUT THE AUTHOR:
Jayanthi Gopalakrishnan is Director of Site Content at StockCharts.com. She spends her time coming up with content strategies, delivering content to educate traders and investors, and finding ways to make technical analysis fun. Jayanthi was Managing Editor at T3 Custom, a content marketing agency for financial brands. Prior to that, she was Managing Editor of Technical Analysis of Stocks & Commodities magazine for 15+ years. Learn More

[fwb]

Pullback after an Up swing on good VOL. is HEALTHY and OK by me

[retireat40]

Nope. Looking for 26+ next week

[GreedyAgorist]

Come on now, a 6% pullback is something, if only intraday.
: - )
Maybe that was enough for somebody to sell a call and a put. (I only sold a put.)

It might be worth noting that we are up 50% already for the year. A breather at some point is quite predictable. When, how much, and for how long, is the question.

Going to fun (or maybe very stressful) to see what happens.

[lambchops]

Blast off EOD? We'll see...Resistance at $25.11.

LC

PLTR

[starman2]

Right through the wall
🌙 🌚 🌔 🌕 🌖 🌛

[harry crumb]

Keeping a few lots for the long play

[retireat40]

Lol. Your prediction skills suck.

[fwb]

I wonder if the INVESTORS who BOUGHT NVIDIA back in 2014 then TOOK profits before their BIG UPSIDE feel about that.

[harry crumb]

Beast of the last 3 months, wow! Gotta take profits here $$$$$

[fwb]

I hope so
and this time I'll be watching

[fwb]

If not today
Very SOON,
and then some

[trainer2]

This stock will blow by you and be 100 before you know it.

[TheFinalCD]

$25

[fwb]

MOST STOCKS have a DOWNSIDE after a RUN UP like PLTR had the other day......
That's the BEAUTY. It can BOUNCE to the UPSIDE again...
Keep an EYE on it
I wish I did that for NVIDIA back in 2014....

[fwb]

Reminds me of NVIDIA Corp back in 2014
Followed it BUT never BOUGHT(my BAD)
Lets hope PLTR follows the same RISE in their PPS

[Biggeoff]

This thing is strong. Jeepers

[GreedyAgorist]

Whoops, indeed. Price spikes have a downside.
That's what makes them so pointy.

Chance to sell some cash covered puts may be coming up.