Did Palantir Stock Just Run Out of Momentum?

The Street2023-06-08

Palantir stock was up 11% on Wednesday, then gave up all of its gains. Here's where support may be.Palantir stock has been on fire over the past month: From the May 4 low to this week’s high, the ...

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Comments

我发大财了
2023-06-08
我发大财了
Buy the dip
Merdeka1981
2023-06-08
Merdeka1981
Let's hope for planta to shoot through the roof so that these nay sayers will be slapped in the face. Inhale These people who come in to a stock that's rising And then dump cold water onto it, thinking they're awesome just because "they're different".
Tootsieroll
2023-06-08
Tootsieroll
The hype will be off soon
beibeiliu
2023-06-08
beibeiliu
Hope for $10 or $12 to buy
Heng08
2023-06-08
Heng08
See how things are today
UTOtrader
2023-06-08
UTOtrader
Usual profit taking

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Here's where support may be.Palantir stock has been on fire over the past month: From the May 4 low to this week’s high, the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/stocks/trading-palantir-pltr-stock-just-run-out-of-momentum-reversal-technical-analysis\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTR","symbol_name":"Palantir Technologies Inc.","start_time":0,"source_url":"https://www.thestreet.com/investing/stocks/trading-palantir-pltr-stock-just-run-out-of-momentum-reversal-technical-analysis","article_id":"1194921546","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194921546","pubTimestamp":1686211800,"sourceInfo":{"source_id":"lsy1610613172068","name":"The Street"},"weMediaInfo":null,"summary":"Palantir stock was up 11% on Wednesday, then gave up all of its gains. Here's where support may be.P","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"translate_title":"Palantir股票刚刚失去动力了吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTR":0.9},"content_text":"Palantir stock was up 11% on Wednesday, then gave up all of its gains. Here's where support may be.Palantir stock has been on fire over the past month: From the May 4 low to this week’s high, the shares more than doubled (up 135%).A chunk of those gains stemmed from the data-integration company’s May 8 earnings report, released just a few days after the shares had bottomed.The top- and bottom-line beat of analyst estimates and the better-than-expected guidance ignited a rally, sending Palantir stock more than 23% higher in a single session.But over and above Palantir's earnings results, the surge in AI stocks has also played a role in the stock's surge.Nvidia, C3.ai, Advanced Micro Devices  (AMD) and others have enjoyed a surge that has carried other stocks higher — like Palantir — as they too have exposure to artificial intelligence.With Palantir shares rallying 11% at one point on Wednesday but closed lower almost 5%, one must ask if the stock has run out of steam.Has Palantir Stock Run Out of Bullish Momentum?Daily chart of Palantir stock.Wednesday’s action should give bulls some pause as it suggests that Palantir stock needs a rest. Real Money's Bruce Kamich impressively called for profit taking earlier this week and that timing was quite good. The move today in technical-speak is known as a reversal. Palantir stock initially traded higher on the day — quite a bit higher — before reversing back down and breaking below the prior day’s high. Once it lost the $15.70 to $15.50 area and turned red on the day, that put the sellers in control.The most pessimistic of the bears would argue that the stock has topped. But the control for the past month has been in favor of the bulls.Specifically, if buyers can remain in control, they will likely try to defend the rising 10-day moving average. That measure is currently near $14.20 but is rising quickly.If that area falters, then the 21-day moving average and daily VWAP measures are likely the next areas of focus for the bulls. Notably, those measures come into play near the 50% retracement.However, they are also rising quickly, so if a pullback takes a little time, they may rise somewhere closer to the 38.2% retracement (which is at $13.39).No one knows if Palantir stock just put in some type of notable top. We’ll know that in a few months. Given the run we’ve seen, though, we for now should view Palantir stock as a buy-the-dip opportunity.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":185066120753296,"gmtCreate":1686221577952,"gmtModify":1686221581880,"author":{"id":"3575408338074495","authorId":"3575408338074495","name":"我发大财了","avatar":"https://community-static.tradeup.com/news/850ce10f8979981b703d0999ccb63c31","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Buy the dip&nbsp;","listText":"Buy the dip&nbsp;","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185066120753296","repostId":1194921546,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185061800509552,"gmtCreate":1686220570555,"gmtModify":1686222744999,"author":{"id":"4102568791638160","authorId":"4102568791638160","name":"Merdeka1981","avatar":"https://community-static.tradeup.com/news/370fc16a4d1090b47fe92034808ebbdd","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Let's hope for planta to shoot through the roof so that these nay sayers will be slapped in the face. Inhale These people who come in to a stock that's rising And then dump cold water onto it, thinking they're awesome just because \"they're different\".","listText":"Let's hope for planta to shoot through the roof so that these nay sayers will be slapped in the face. Inhale These people who come in to a stock that's rising And then dump cold water onto it, thinking they're awesome just because \"they're different\".","text":"Let's hope for planta to shoot through the roof so that these nay sayers will be slapped in the face. Inhale These people who come in to a stock that's rising And then dump cold water onto it, thinking they're awesome just because \"they're different\".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185061800509552","repostId":1194921546,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185050613682272,"gmtCreate":1686217648607,"gmtModify":1686217652668,"author":{"id":"3575535431943242","authorId":"3575535431943242","name":"Tootsieroll","avatar":"https://static.tigerbbs.com/e1ec6090a100f45863daf6da5efcf9ad","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"The hype will be off soon","listText":"The hype will be off soon","text":"The hype will be off soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185050613682272","repostId":1194921546,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185047477407840,"gmtCreate":1686216882915,"gmtModify":1686216886579,"author":{"id":"3582025047061907","authorId":"3582025047061907","name":"beibeiliu","avatar":"https://community-static.tradeup.com/news/509d8690d06d258007dc58d43b2238bc","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Hope for $10 or $12&nbsp; to buy","listText":"Hope for $10 or $12&nbsp; to buy","text":"Hope for $10 or $12 to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185047477407840","repostId":1194921546,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185045134127136,"gmtCreate":1686216310074,"gmtModify":1686216313881,"author":{"id":"4088201880010570","authorId":"4088201880010570","name":"Heng08","avatar":"https://community-static.tradeup.com/news/505153f04c3a6654891a2cb833a63f89","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"See how things are today","listText":"See how things are today","text":"See how things are today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185045134127136","repostId":1194921546,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185041815728256,"gmtCreate":1686215507069,"gmtModify":1686215510640,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Usual profit taking&nbsp;","listText":"Usual profit taking&nbsp;","text":"Usual profit taking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185041815728256","repostId":1194921546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":61,"commentSize":9,"repostSize":7,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1194921546"}