Palantir Stock Snapped a Three-Week Losing Streak Last Week—Watch These Key Price Levels | Global News Avenue

Palantir Technologies (bacteriaStocks fell slightly on Monday after gaining ground for the first time in four weeks last week.

Stocks of data analytics software companies are under pressure to damage political and economic uncertainty in financial markets, and specific issues that reduce DOD spending could cut Palantire’s business. The stock, which fell nearly 40% from its record-breaking height, hit a record in mid-February in less than three weeks.

this Stock rebound Last week, six AI investors announced their favorites New big customers And signed a strategic product partnership With nvidia(NVDA) – Return to startup, data map.

Although stocks are recently answerPalantir shares have risen about 14% since the beginning of the year, as business and Public sector Customers embrace the company’s AI-driven software to customize data designed to improve efficiency. The stock fell 0.7% to $85.60 in recent trading.

Below, we carefully studied Palantir’s chart and used Technical Analysis Identify key price levels worth paying attention to.

Crift filling

After a large investment in stocks, stocks found purchase interest after filling in prices in early February Break through the gap. However, recently, the price transactions are mainly sidewaysindicating indecision among market participants.

and Relative Strength Index (RSI) Below 50 thresholds, the indicator climbed to its highest level in Friday three weeks, marking an increase in momentum.

Looking to the future, let’s point out the key Support and resist Levels on Palantir charts may be paying attention.

Key support levels to watch

Investors should pay close attention to the $85 level initially. While stocks were below this price for most of the last week, it closed just above it on Friday. Given its proximity to nearby location, the location may continue to attract attention 50-day moving average and the previous resistance zone before the gap was broken last month.

The Bulls’ failure to defend this level could lead to a retreat to around $66. Buyers may look for Entrance point Top near this area Pennant flag patternroughly in mid-January Swing low.

Important resistance levels to monitor

The continuation of Friday’s buying momentum could lead stocks toward psychology $100 level. Investors who bought stocks recently Pull back Profits that may be expected to lock in this position merge The period after the gap last month.

Finally, a more bullish move could lead to a higher level of retesting around $125. Rally to this area could put Palantir stock under sales pressure. Highest history (ATH) Set last month.

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As of the date of writing this article, the author does not own any of the above securities.