Palantir's bounce fades as sellers return
Palantir slips 1.9% as last week's bounce fades and sellers return
Palantir's bounce fades as sellers return
Our view last week
Week 24 of the sell signal on Palantir, and the week that just closed gained 14.5% with buy volume rising to 80%: a clean bounce off the 20-day moving average, touching the 115 area and rebounding 13% from there. The detail that matters: overall weekly volume fell just as price climbed, a divergence that argues for waiting on confirmation before reading the turn as settled.
This week's summary
Last week's 14.5% bounce on Palantir didn't hold: a bearish engulfing candle brought sellers back in control, with 86% of volume on the sell side and money flow turning negative again. That's exactly the risk flagged a week ago, when overall volume fell even as price climbed. In our Palantir technical analysis the short stays under management, above 25% in profit.
IQS Phase
70
in tension
Signal Strength
5
decline losing steam
Sizing
MINIMUM
Ranking
#83 / 137
US stocks
Trade P&L %
+25.24%
from signal to today
restricted Platinum content