What’s next for Palantir as it prepares to post earnings?

Big data analytics firm Palantir Technologies Inc. (PLTR) is due to report its latest earnings after the close of trading on Monday.

Let’s check the charts and indicators before printing.

On the daily PLTR histogram below, I can see that the stock is still drifting down. Prices have been lowering their highs in the past 12 months and lowering their lows in May and December. The stock is trading below the falling 200-day moving average but slightly above the 50-day moving average.

The balance volume line (OBV) shifted sideways last year, and the trading volume did not increase. The moving average convergence-divergence oscillator (MACD) is slightly above the zero line and crosses it down, signaling a sell take profit.

On the weekly PLTR candlestick chart below, I see a bearish picture. The stock is in a long-term downtrend and is trading below the falling 40-week moving average line.

The weekly OBV line has been weak for the past 18 months or so. The MACD oscillator has been below the zero line for more than a year.

In this daily PLTR Tic-Tac-Toe chart below, I see a price upside target around $12.50.

In this weekly PLTR Tic-Tac-Toe chart below, I see a potential downside target in the $3.50 area.

Final strategyA: I don’t have specific knowledge of what the PLTR might tell shareholders on Monday night, but the charts and indicators don’t support the idea of ​​a sustainable rally at this point in time.

Get email notifications every time I write a real money article. Click “+ Subscribe” next to my signature for this article.

Content Source

News Press Ohio – Latest News:
Columbus Local News || Cleveland Local News || Ohio State News || National News || Money and Economy News || Entertainment News || Tech News || Environment News

Related Articles

Back to top button