Palantir Technologies

  • PLTR

  • $76.75

  • +4.85%

  • $73.49

  • $76.10

  • $72.45

Upticks

Ticker Appearances

Mon, December 9, 2024 | 11:23AM ET

⚡ FlashInsights

Mon, December 9, 2024 | 11:23AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's early weakness is reaching multi-day lows for the first time since early November though market breadth today is positive by 3/2 as seven sectors are positive out of 11, with Materials and Healthcare up more than 1%. The decline in big-cap Tech however is what many investors are concentrating on and FI -0.09%  AMD -2.96%  PANW -1.79%  NVDA -2.42%  PLTR 4.85%  are all down more than -2.75%. An end of day finish at multi-day lows, particularly if breadth gets worse would make the case for a mild selloff which might last into FOMC but one which should provide buying opportunities. Oddly enough, today's positive breadth on negative SPX price action is nearly the opposite of what happened all last week when prices rose while breadth was negative. Initial support levels for ^SPX -0.02%  lie near 6042, then 6017
Tickers

Live Technical Stock Analysis
Thu, December 5, 2024 | 4:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

LIVE Technical Stock Analysis December 2024

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: cc7da3-396ed3-9470e8-d09e9a-23947d

Tue, November 5, 2024 | 1:18PM ET

⚡ FlashInsights

Tue, November 5, 2024 | 1:18PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
PLTR 4.85%  has gapped up on good earnings and solid AI demand back to new all-time highs, above the last few weeks along with the former intra-week highs from 2021. Given the possible huge low to high range for this week and elevated volume on this rise, I'm inclined to believe this is very positive for PLTR. Furthermore, no evidence of counter-trend exhaustion is now present on daily nor weekly timeframe. Thus, the ability to close out today at/near its highs of the day (or in upper quartile of today's range) would likely help short-term momentum to be jumpstarted and might provide some upside to 58-60. Note, of the 20 Sell side analysts who cover PLTR, only 4 are rated "BUY" 10 are rated Hold and 6 are rated "sell". I suspect that heading into the final stretch of the year, many sell side analysts who've been bearish, won't wish to carry a bearish/sell rating into year-end given the "need" to be right along with Bonus season for sell side firms in December. I suspect that a number of them might begin to upgrade based on the timing of PLTR's earnings coinciding with their negative views. Technically this stock remains very attractive despite being overbought. Gains are likely into mid-November before some minor consolidation into December in all likelihood but should occur from higher levels.
Tickers

Daily Technical Strategy
Mon, November 4, 2024 | 7:02PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Software continues to make strides vs. Semiconductors

EQUITY TRENDS REMAIN BULLISH FROM EARLY AUGUST BUT HAVE SHOWN MILD CONSOLIDATION OVER THE LAST TWO WEEKS WHICH HAS RESULTED IN A 2% DECLINE IN...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: cc7da3-396ed3-9470e8-d09e9a-23947d

Events

Tickers

Trending tickers in our research