PALANTIR TECHNOLOGIES

- EUR (-)

- 15 min delayed data - Italy Stocks

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Type:	Stocks
Ticker:	1PLTR
ISIN:

PALANTIR TECHNOLOGIES - 1H - Technical analysis published on 02/08/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 21.85 USD

My targets

25.42 USD (+7.71%)

28.83 USD (+22.16%)

My analysis

The bullish trend is currently very strong on PALANTIR TECHNOLOGIES. As long as the price remains above the support at 21.85 USD, you could try to benefit from the boom. The first bullish objective is located at 25.42 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 28.83 USD as an objective. Crossing it would then enable buyers to target 39.00 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PALANTIR TECHNOLOGIES rating is 23.60 USD. On the day, this instrument gained +7.91% with the lowest point at 21.38 USD and the highest point at 23.87 USD. The deviation from the price is +10.38% for the low point and -1.13% for the high point.

21.38

23.87

23.60

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PALANTIR TECHNOLOGIES:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of PALANTIR TECHNOLOGIES in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.35	21.35	21.85	23.60	25.42	28.83	39.00
Change (%)	-22.25%	-9.53%	-7.42%	-	+7.71%	+22.16%	+65.25%
Change	-5.25	-2.25	-1.75	-	+1.82	+5.23	+15.40
Level	Minor	Major	Minor	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.54	20.46	22.03	22.95	24.52	25.44	27.01
Camarilla	22.92	23.14	23.37	23.60	23.83	24.06	24.29
Woodie	19.87	20.62	22.36	23.11	24.85	25.60	27.34
Fibonacci	20.46	21.41	22.00	22.95	23.90	24.49	25.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.08	15.55	16.29	16.76	17.50	17.97	18.71
Camarilla	16.69	16.80	16.91	17.02	17.13	17.24	17.35
Woodie	15.21	15.62	16.42	16.83	17.63	18.04	18.84
Fibonacci	15.55	16.02	16.30	16.76	17.23	17.51	17.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.36	14.01	15.05	16.70	17.74	19.39	20.43
Camarilla	15.35	15.60	15.84	16.09	16.34	16.58	16.83
Woodie	12.06	13.86	14.75	16.55	17.44	19.24	20.13
Fibonacci	14.01	15.04	15.67	16.70	17.73	18.36	19.39

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	81.61
MACD (12,26,9):	1.7800
Directional Movement:	43.64
AROON (14):	92.86
DEMA (21):	23.51
Parabolic SAR (0,02-0,02-0,2):	21.45
Elder Ray (13):	1.36
Super Trend (3,10):	21.69
Zig ZAG (10):	23.61
VORTEX (21):	1.2200
Stochastique (14,3,5):	97.22
TEMA (21):	24.50
Williams %R (14):	-6.33
Chande Momentum Oscillator (20):	2.86
Repulse (5,40,3):	2.2600
ROCnROLL:	1
TRIX (15,9):	1.2500
Courbe Coppock:	65.20

MA7:	18.34
MA20:	17.31
MA50:	17.59
MA100:	17.30
MAexp7:	23.22
MAexp20:	21.30
MAexp50:	19.19
MAexp100:	18.13
Price / MA7:	+28.68%
Price / MA20:	+36.34%
Price / MA50:	+34.17%
Price / MA100:	+36.42%
Price / MAexp7:	+1.68%
Price / MAexp20:	+10.85%
Price / MAexp50:	+23.03%
Price / MAexp100:	+30.23%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on PALANTIR TECHNOLOGIES at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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