tech

April 30, 2026

Palantir is a stock in peril. Look at these chart support levels before any major washout

Despite a recent minor bullish divergence, momentum remains broadly weak. This reinforces a broken primary trend.

Palantir is a stock in peril. Look at these chart support levels before any major washout

TL;DR

  • Palantir's stock has shown a clear topping structure after a significant rally, with a recent 35% drawdown indicating potential for further decline.
  • Technical analysis reveals a head-and-shoulders top formation with a broken neckline at $155, suggesting a downward objective of $110.
  • A descending triangle pattern is forming, likely to resolve with the upcoming earnings report, pointing towards further downside.
  • The stock has broken below its 200-day and 50-week moving averages, indicating bearish control and potential for a fall to $75.
  • Key support levels to watch are $110 (100-day moving average) and a Fibonacci retracement level just under $83.
  • Traders are advised to sell rallies towards $150/$155 and use stops around the 200-day moving average at $164.
  • A breakdown below $125 could trigger a deeper sell-off, influenced by the struggling software stock sector.
  • Public figures like Michael Burry and President Trump have had notable interactions with the stock's price action.

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