PALANTIR TECHNOLOGIES - 1H - Technical analysis published on 08/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 31.62 USD
My targets
32.73 USD (+2.99%)
34.85 USD (+9.65%)
My analysis
The basic trend is bullish on PALANTIR TECHNOLOGIES and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 31.62 USD. Sellers would then use the next support located at 29.98 USD as an objective. Crossing it would then enable sellers to target 28.83 USD. If there is a return to above the resistance located at 32.73 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 34.85 USD and 39.00 USD by extension.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
0.2
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Additional analysis
Quotes
PALANTIR TECHNOLOGIES rating 31.78 USD. On the day, this instrument lost -0.44% and was between 31.62 USD and 32.55 USD. This implies that the price is at +0.51% from its lowest and at -2.37% from its highest.31.62
32.55
31.78
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PALANTIR TECHNOLOGIES chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 26.49 | 28.83 | 31.62 | 31.78 | 32.73 | 39.00 |
| Change (%) | -16.65% | -9.28% | -0.50% | - | +2.99% | +22.72% |
| Change | -5.29 | -2.95 | -0.16 | - | +0.95 | +7.22 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.49 | 31.05 | 31.42 | 31.98 | 32.35 | 32.91 | 33.28 |
| Camarilla | 31.52 | 31.61 | 31.70 | 31.78 | 31.87 | 31.95 | 32.04 |
| Woodie | 30.39 | 31.00 | 31.32 | 31.93 | 32.25 | 32.86 | 33.18 |
| Fibonacci | 31.05 | 31.41 | 31.63 | 31.98 | 32.34 | 32.56 | 32.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.50 | 27.89 | 29.98 | 31.37 | 33.46 | 34.85 | 36.94 |
| Camarilla | 31.12 | 31.44 | 31.76 | 32.08 | 32.40 | 32.72 | 33.04 |
| Woodie | 26.86 | 28.07 | 30.34 | 31.55 | 33.82 | 35.03 | 37.30 |
| Fibonacci | 27.89 | 29.22 | 30.04 | 31.37 | 32.70 | 33.52 | 34.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.05 | 22.60 | 24.74 | 27.29 | 29.43 | 31.98 | 34.12 |
| Camarilla | 25.60 | 26.03 | 26.46 | 26.89 | 27.32 | 27.75 | 28.18 |
| Woodie | 19.86 | 22.50 | 24.55 | 27.19 | 29.24 | 31.88 | 33.93 |
| Fibonacci | 22.60 | 24.39 | 25.50 | 27.29 | 29.08 | 30.19 | 31.98 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.54 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -2.85 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 32.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.48 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 31.53 | |
| Zig ZAG (10): | 31.76 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 9.49 | |
| TEMA (21): | 31.75 | |
| Williams %R (14): | -90.73 | |
| Chande Momentum Oscillator (20): | -0.82 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.15 |
| MA7: | 32.05 | |
| MA20: | 29.13 | |
| MA50: | 27.55 | |
| MA100: | 24.80 | |
| MAexp7: | 31.87 | |
| MAexp20: | 32.04 | |
| MAexp50: | 31.69 | |
| MAexp100: | 30.69 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | +9.10% | |
| Price / MA50: | +15.35% | |
| Price / MA100: | +28.15% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.87% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +3.49% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on PALANTIR TECHNOLOGIES at the time of the analysis were as follows:
- SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Palantir Technologies Inc. with Losses of $100,000 to Contact the Firm
- INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Palantir Technologies Inc. with Losses of $100,000 to Contact the Firm
- INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Palantir Technologies Inc. with Losses of $500,000 to Contact the Firm
- BigBear.ai And Palantir Announce Strategic Partnership, Combining AI-powered Products With Next Generation Operating Platform
- Greek Government and Palantir Reaffirm Digital Transformation Partnership
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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