Palantir Stock Surged To A New Record Last Week—Watch These Key Price Levels

Like
Comment
Favorite

Palantir Stock Surged To A New Record Last Week—Watch These Key Price Levels

Investopedia02-10

Key TakeawaysPalantir shares hit a new record last week after reporting a strong 2025 outlook and integration of Grok with its AI platform.Bars pattern analysis forecasts a longer-term target of ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1103034764?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-10 14:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1103034764","market":"us","top_or_hot":-1,"title":"Palantir Stock Surged To A New Record Last Week—Watch These Key Price Levels","media":"Investopedia","content":"<div>\n<p>Key TakeawaysPalantir shares hit a new record last week after reporting a strong 2025 outlook and integration of Grok with its AI platform.Bars pattern analysis forecasts a longer-term target of ...</p>\n\n<a href=\"https://www.investopedia.com/palantir-stock-surged-to-a-new-record-last-week-watch-these-key-price-levels-8788701\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Stock Surged To A New Record Last Week—Watch These Key Price Levels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Surged To A New Record Last Week—Watch These Key Price Levels\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-10 14:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/palantir-stock-surged-to-a-new-record-last-week-watch-these-key-price-levels-8788701><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key TakeawaysPalantir shares hit a new record last week after reporting a strong 2025 outlook and integration of Grok with its AI platform.Bars pattern analysis forecasts a longer-term target of ...</p>\n\n<a href=\"https://www.investopedia.com/palantir-stock-surged-to-a-new-record-last-week-watch-these-key-price-levels-8788701\">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.investopedia.com/palantir-stock-surged-to-a-new-record-last-week-watch-these-key-price-levels-8788701","article_id":"1103034764","we_media_id":null,"thumbnails":[],"rights":{"source":"investopedia_highlight","url":"https://www.investopedia.com/palantir-stock-surged-to-a-new-record-last-week-watch-these-key-price-levels-8788701","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1103034764","pubTimestamp":1739169300,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Key TakeawaysPalantir shares hit a new record last week after reporting a strong 2025 outlook and integration of Grok with its AI platform.Bars pattern analysis forecasts a longer-term target of aroun","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"translate_title":"Palantir股价上周飙升至新纪录-关注这些关键价格水平","themeId":"46d1068913a5eeb4c7efcf2a23a7791a","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTR":1.1},"content_text":"Key TakeawaysPalantir shares hit a new record last week after reporting a strong 2025 outlook and integration of Grok with its AI platform.Bars pattern analysis forecasts a longer-term target of around $240 and indicates the uptrend may last until November this year.Investors should watch key support levels on Palantir's chart around $85 and $66.Source: TradingView.com.Palantir shares will likely remain in focus Monday after having a solid last week. The company's stock soared to a new high after investor optimism around its strong 2025 outlook and integration of Grok, the chatbot from Elon Musk’s xAI, into its artificial intelligence (AI) platform.Since the company's upbeat results last Monday, several analysts have raised their price targets on the stock, which has fueled this price rise.The stock, which became a component of both the S&P 500 and Nasdaq 100 index in 2024, trades nearly 50% higher since the start of the year through Friday’s close and has returned an eye-popping 370% over the past 12 months amid soaring demand for its AI-powered analytics software that allows customers to make more informed data-driven decisions.Below, we take a closer look at the technicals on Palantir’s weekly chart and identify key price levels that investors will likely be watching.Rectangle Formation BreakoutPalantir shares staged a decisive breakout above a rectangle formation last week, signaling a continuation of the stock’s longer-term uptrend.Importantly, the move occurred on the highest weekly trading volume since early February last year, indicating strong buying conviction by larger market participants. Moreover, the relative strength index (RSI) confirms bullish price momentum with a reading above 80, though the indicator also flashes overbought conditions that raises the possibility of near-term profit taking.Let’s apply technical analysis to forecasts how a longer-term bullish continuation move may play out and also point out key support levels worth watching during potential retracements.Bars Pattern AnalysisTo forecast how a continuation move in Palantir shares may look, investors can use the bars pattern tool, a technique that analyzes prior trends to speculate future directional movements.When applying the analysis, we take the stock’s trending move from February to November last year and reposition it from last week’s breakout. This forecasts a target of around $240 and indicates the uptrend could last until November this year based on price history. To put things in perspective, that's more than double the $110 level the stock closed at on Friday.We selected this prior trend as it followed a volume-backed earnings-driven breakout from an earlier rectangle formation on Palantir’s chart, potentially providing insight as to how a similar move may take shape.Key Support Levels to WatchDuring pullbacks, investors should initially watch the $85 level. Investors who prefer not to chase breakouts may look for entry points on a retracement to the rectangle formation's top trendline, which could flip from resistance to support.Finally, selling below this level could see Palantir shares revisit lower support around $66, a location that may attract buying interest near the rectangle’s lower trendline.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}