$Palantir (PLTR.US)$ has been moving sideways for a few mont...
$Palantir(PLTR.US$ has been moving sideways for a few months . Investors are curious as to whether or not they should wait on the sidelines or scoop up shares while they're at a premium. Let's take a closer look at the data and then break it down with some technical analysis.
First and foremost, what are the pros saying?:
What's current market sentiment suggesting?
What is the current Pivot Point?
What are the Moving Averages suggesting?
What are the other technicals indicating?
Oversold
RSI levels below 30, indicated by a red line, indicate oversold conditions and may signal a potential buy. When RSI crosses back above 30, some tech traders may see this as a potential bullish entry signal.
RSI levels below 30, indicated by a red line, indicate oversold conditions and may signal a potential buy. When RSI crosses back above 30, some tech traders may see this as a potential bullish entry signal.
Overbought
RSI levels above 70, indicated by a green line, indicate overbought conditions and may signal a potential sell. When RSI crosses back below 70, technical traders may see this as a potential exit signal.
RSI levels above 70, indicated by a green line, indicate overbought conditions and may signal a potential sell. When RSI crosses back below 70, technical traders may see this as a potential exit signal.
Neutral
A reading of 50 indicates a neutral level or balance between bullish and bearish positions.
A reading of 50 indicates a neutral level or balance between bullish and bearish positions.
Next, let's take a closer look into Palantir Technologies' income statements:
What does their balance sheet look like?
Next, let's take a look at their cash flow:
Earnings history?
Now, let's take a look at the Q1 earnings report breakdown and future guidance:
Lastly, let's take a look at the long and short interest. Then, the dark pool:
GL TRADERS!
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Operations Specialist, Shellback Sailor, Human Calculator, Long-time Investor, Stock Market Secrets, Technical Analyst.
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104983812 : So hold or buy?
Rockaphobic OP 104983812 : I can't tell you what to do as it goes against moomoos policy. However, I am buying and holding.
practical NyanCat_76 : Bro, you are GREAT!
Rockaphobic OP practical NyanCat_76 : Hope it helps! GL!
104983812 : Thanks bro
Stocks Star : I also buy and hold it
rennymc : Thank you for this awesome, comprehensive explanation. I’ve been trying to allude to this, but you hopefully nailed it for the naysayers!
Ginvest : Thank you for the analysis