Palantir: sellers retake control
Palantir sheds 7.1% as sellers retake control after last week's bounce
Palantir: sellers retake control
Our view last week
Palantir shares closed the week up 4.4%, with buyers back in the driver's seat: 68% of volume on the buy side, against 86% on the sell side just a week ago. The bounce came off a touch on the daily EMA20, in the 130 area, and price is now boxed between first support around the 132 area and first resistance just above, in the 132.5 area. In our Palantir technical analysis the short stays under management, above 21% in profit.
This week's summary
Palantir shares reverse course: after last week's rebound, sellers retake control with 86% of volume and the stock sheds 7.1%. Money flow slides further negative and the distribution phase continues. In our Palantir technical analysis the short stays under management, now above 27% in profit, with price boxed between the 123 area and the 121 area.
IQS Phase
62
ordinary
Signal Strength
46
decline starting to make lower lows
Sizing
REDUCED
Ranking
#46 / 141
US stocks
Trade P&L %
+27.52%
from signal to today
Rank position
ranks 46th among the 141 sell signals for US stocks in our ranking, with a signal strength of 46 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
PLTR belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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