Palantir (PLTR) Technical Analysis

In this article, I will be exploring technical analysis for PLTR to see if PLTR is having a positive trend for us to do a trade and whether PLTR will be experiencing any potential reversal soon.

PLTR is having a strong trend as ADX line is currently above 40. I would consider to place a trade.

+Di cross above -DI has suggest a BUY for PLTR. But before making the decision, it might be better to look at 2 other indicators.

PLTR has just exited from overbought region this might suggest a BUY, will consider to look into having a LONG position on PLTR.

From the SAR chart, it seem like PLTR might be going into a bearish reversal, so we could see it as a price correction.

This might give an opportunity to buy at lower price, but it is important to watch how the price is going to trend.

From what I have gathered, it seem like PLTR is currently in a strong trend from ADX, but SAR seem to suggest that there might be a potential bearish reversal coming.

So I think it is also wise to follow the news and fundamental so that we can have more information to enhance our decision making.

Appreciate if you could share your thoughts in the comment section whether you think the analysis for PLTR is encouraging a LONG or SHORT position?

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.