Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Palantir stock (NYSE: PLTR) surges 10% in the previous session and is racing toward a 52-week high.</a> </li> 
 <li> <span>2</span> <a>PLTR stock up 178% on YTD basis.</a> </li> 
 <li> <span>3</span> <a>Palantir Technologies scheduled the next quarter’s earnings on August 7, 2023.</a> </li> 
</ul> 
<p>Palantir stock price (NYSE: PLTR) surges 10% (approx.) in a single day ahead of quarterly earnings. It bounced back by taking support near $16.00 and racing to the 52-week high.&nbsp;</p> 
<p>PLTR stock price is sustaining above the 50-day and 200-day EMA showcasing a strong uptrend. However, the current price is far away from the EMAs so short-term retracement is also possible.&nbsp;</p> 
<p>Palantir Technologies released the previous quarter’s earnings on May 8, 2023. The company beat the estimates due to which <a href="https://www.thecoinrepublic.com/2023/04/14/palantir-stock-price-prediction-is-pltr-stock-price-ready-to-break-the-barrier-of-15/" rel="noopener noreferrer nofollow">stock prices</a> reacted positively and buyers succeeded to break the $10.00 hurdle.&nbsp;</p> 
<p>Later, PLTR shares began to rise upward and showed a steep rally. Meanwhile, in between the rally minor profit booking is also visible. But due to the strong presence of buyers, the stock prices bounce back with strong momentum.&nbsp;</p> 
<p>For the past few months, the trading volume is also high as compared to the average volume. It shows that the stock is in bullish momentum and genuine investors had participated in the rally.&nbsp;</p> 
<p>The Palantir stock price closed the previous session at $17.81 with an intraday rise of 10.28%. The market capitalization stands at $37.71 Billion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-palantir-stock-hit-a-new-52-week-high-strong"><strong>Will Palantir Stock hit a new 52-week high?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/F43f7e9ukRl7PilokpemgS6tFaH19i0Gh2d0ayhpKsjH2Z8ZIat3HF0sjt4gZWbQb5vNOhZTsxcuGw-NZvKWrK2_1GY3NfHchV7PBDRc278iWoxeV1yGmbCvUKFfKDFGE8Lr5UU5k00dc-CxQzfGSQ" alt="Palantir Stock up 10%; What’s cooking in PLTR Stock before results?"> 
  <figcaption class="wp-element-caption">
    NYSE: PLTR daily chart by <a href="https://www.tradingview.com/x/2tGPQkSW/" rel="noopener noreferrer nofollow">Tradingview</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Palantir Stock Price (NYSE: PLTR) performed well in the past few months and generated decent returns for its investors. The broader market index Dow Jones and&nbsp; Nasdaq composite is also mildly bullish.&nbsp;</p> 
<p>If the broader market index continues to perform well then it might positively impact the prices of PLTR stock. Till <a href="https://www.thecoinrepublic.com/2023/04/14/palantir-stock-price-prediction-is-pltr-stock-price-ready-to-break-the-barrier-of-15/" rel="noopener noreferrer nofollow">PLTR stock</a> price sustains above $13.50 any short-term downfall will be easily absorbed by the buyers.&nbsp;</p> 
<p>However, the next phase of the rally in PLTR stock will trigger when buyers are able to break the $19.00 hurdle. On the other hand, if the prices drop below $13.57 then we might see short-term bearish trend reversal.</p> 
<h3 class="wp-block-heading" id="strong-pltr-stock-is-near-the-supply-zone-strong"><strong>PLTR Stock is near the supply zone</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_bb94d"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:PLTR",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "toolbar_bg": "#f1f3f6",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_bb94d"

}

  );

  </script> 
</div>  
<p>PLTR stock price formed a strong bullish candle on the weekly time frame. However, the price is near the supply zone so bullish traders need to be careful. <a href="https://www.thecoinrepublic.com/2023/04/14/palantir-stock-price-prediction-is-pltr-stock-price-ready-to-break-the-barrier-of-15/" rel="noopener noreferrer nofollow">Palantir </a>Technologies Inc. is expected to release the next quarter’s earnings on August 7, 2023.&nbsp;</p> 
<p>Market analysts estimate an EPS of 0.05 and revenue of $532.369 Million. If the company succeeds to meet the estimates then we might see a new 52-week high in Sofi stock. However, if the company disappoints then short-term correction might begin.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Palantir stock price (NYSE: PLTR) surges 10% ahead of earnings. PLTR stock is in an uptrend and racing toward a 52-week high. The technical analysis suggests, PLTR stock bulls grip and more upward momentum are possible.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li><strong>Resistance levels:</strong> $19.00 and $20.00</li> 
 <li><strong>Support levels: </strong>$13.57 and $10.35</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Palantir Stock up 10%; What’s cooking in PLTR Stock before results?

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Thecoinrepublic.com

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