Alex Dudov
⬤ Palantir Technologies wrapped up last week just under the yearly pivot at $149.56—a level that's clearly marked on the chart as a major technical checkpoint. The timing matters here: since this close happened right before earnings, it doesn't carry as much bearish weight and isn't enough on its own to signal a broader downturn. Since then, PLTR has stayed pretty stable, hanging around that pivot instead of dropping further.
⬤ The chart shows PLTR is still trading comfortably above its longer-term support levels, including the rising 100-week moving average that sits well below current prices. If we do get a confirmed weekly close under $149.56, the technical picture shifts and opens up the possibility of a correction toward that longer-term average. That would be a deeper pullback within the existing trend—not necessarily a full trend reversal.
⬤ On the flip side, a weekly close back above $149.56 would keep the bullish setup alive. Looking at the price history, previous consolidations around key pivots have typically broken higher, and reclaiming this level would leave the door open for new all-time highs later this year. That fits with the broader upward trajectory we've seen over the past year, where sideways action has usually been followed by higher highs.
⬤ This technical setup matters for anyone tracking Palantir, especially since the stock has become something of a bellwether for sentiment across AI and data analytics plays. How it interacts with this yearly pivot will shape the near-term direction and help frame expectations around whether the trend continues or if we're looking at a deeper correction. The next weekly close is likely to be the deciding factor for short- to medium-term momentum.
Alex Dudov
