spot_img
spot_img
spot_img
ThecoinrepublicMarketPalantir Stock Price Prediction: Is PLTR Stock...
google-news-img

Trending

Hamster

Hamster

notco

Notcoin

mogutou

Mogutou

Premium Partners

immerion
spot_img

Palantir Stock Price Prediction: Is PLTR Stock Price Ready To Break The Barrier Of $15?

spot_img

Palantir Technologies Inc. is a data analytics software company that provides solutions to other businesses and governments. They have gained a lot of attention in the past due to their work with government agencies and other projects.PLTR stock has seen a lot of volatility since its IPO came in 2020. One of the factors that contributed to their growth is that there is an increasing demand for data analytics and AI solutions. Palantir is currently expanding into a lot of marketplaces. Palantir stock has recently gained because they have expanded their cloud partnership with Microsoft in the public sector. PLTR stock is currently looking to show strength and see a rally to a new high. PLTR is currently down by more than 40% from its 52-week high.

PLTR Stock has a market cap of $17B and is growing higher and higher. It has a negative EPS and its P/E ratio may also rise in the future. Various analysts are expecting strong growth in the asset price in the future.

PLTR Stock Price Take A Halt Near Crucial Level

Source:Tradingview

The weekly technical chart of Palantir stock price suggests a consolidated trend in price. On the daily chart, it is taking the support near crucial levels. PLTR stock price is currently near the value of $8.58 with a small gain in the intraday session. The upside trend of the asset price can see a halt near the value of $10.Meanwhile, the downside momentum of the stock price can see a bounceback from $7.5.PLTR stock price is above the 50 and 100 Daily Moving Averages. There can be a positive crossover in the future which can push the asset price in the future.

The RSI of the asset price is near 57 suggesting its presence in the overbought zone. There is a positive slope hinting towards a weak upside trend in price.

Summary

Palantir has expanded its cloud partnership with Microsoft in the public sector.PLTR stock price is observing a consolidated trend in price and can observe a strong upside trend in the future.

Technical Levels

Major Support:$8

Major Resistance:$10

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Ritika Sharma
Ritika Sharma
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
spot_img
spot_img

Related News

Gary Gensler US SEC
Maxwell Mutuma

Can Gary Gensler Be Fired On This Congressman’s Request?

Bitcoin German Govt
Kelvin Munene
Bonk
Andrew Smith
Bitcoin
Adarsh Singh
MicroStrategy
Maxwell Mutuma

Michael Saylor Advocates for Bitcoin-Backed Dollar,

Ripple CEO XRP
Kelvin Munene

Ripple CEO Applauds New XRP Index by CF Benchmarks

spot_img