Open BUY · week 8 · US stocks
Palantir slips 0.5% as a fresh 30-week high fails to hold on the weekly close
Our view last week
Palantir stock rises for a 2nd straight week, up 6.8%, with the ADX climbing for 8 weeks: the trend is gaining conviction. The price action flags a warning, though: the run stalls below the 7-day high, in the 195 area, and the last session traded almost entirely on the sell side, the reverse of a week ago. Among tech stocks on weekly buy signals, this swing trade sits 10.3% up since entry, with 2 of the 3 targets of our most advanced model already hit.
This week's summary
Palantir printed a fresh 30-week high in the 195 area, but the weekly close did not confirm it: the stock slips 0.5% after 2 weeks of gains and closes in the lower part of its range, on contracting volumes. On the daily chart 5 higher lows still hold and the ADX has risen for 9 weeks. Among tech stocks on weekly buy signals, the trade sits 9.7% up since entry, and the targets of our most advanced model already hit go from 2 to 3 out of 3.
IQS Phase
58
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#47 / 93
US stocks in progress
Trade P&L %
+9.73%
from signal to date, no stop loss
Palantir Technologies (PLTR) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 47th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
PLTR belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content