United

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PLTR stock price is in a narrow range, showing consolidation.</a> </li> 
 <li> <span>2</span> <a>Buyers are looking to escape the region and trying for a breakout.</a> </li> 
</ul> 
<p>Palantir Technologies (NYSE: PLTR) stock price is consolidating in a narrow region and holding the gains amid the negative sentiments. Moreover, bulls have persisted in attempting to break the cage and stay near the upper neckline but failed to surpass the $17 neckline. Besides the retracement, PLTR stock showed bullishness over the past number of sessions. However, buyers failed to extend the gains, and PLTR stock is consolidating in a cage and is close to the resistance of $20, which, if surpassed, would lead to a breakout.</p> 
<p>Moreover, Palantir (PLTR stock) price was trading above the significant moving averages and tightened the grip near $15. PLTR stock shows the incisiveness between the bulls and bears, who showed equal interest and hung the stock close to the breakout region of $17. As per the options chain, at the strike price of $16, a massive open interest of 5201 hundred shares placed on the put side shows that long positions were trapped, whereas, at the strike price of $17, an open interest of 2647 hundred shares on the call side acted as a hurdle.&nbsp;</p> 
<p>At press time, PLTR stock price was $15.73 with an intraday gain of 5.57%, showing massive bullishness in yesterday’s session. Moreover, the trading volume increased by 1.25% to 52.787 Million. The market cap is $33.848 Billion. However, analysts maintained a neutral rating with a yearly target price of $14.43, highlighting volatility.</p> 
<p>Palantir Technologies, Inc. is a holding company that develops data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. The firm offers solutions for automotive, financial compliance, legal intelligence, mergers, and acquisitions. Its products include Palantir Gotham and Palantir Foundry.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-pltr-stock-escape-neckline-of-17-strong"><strong>Will PLTR Stock Escape Neckline of $17?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="567" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108-1024x567.png" alt="" class="wp-image-173724" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108-1024x567.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108-768x425.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108-1536x850.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108-750x415.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108-1140x631.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-108.png 1558w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: PLTR Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, PLTR stock price is about to register a range breakout. Buyers have started accumulating and are looking to surpass the cluster of $17. Moreover, the chart suggests that if bulls surpass the neckline of $17, bulls will come back sharply and extend the buying momentum to retain the highs of $20. Furthermore, the PLTR stock price is above neutrality, indicating that bulls are close to the upper Bollinger band.</p> 
<p>The RSI curve stayed near neutrality and showed a bullish divergence, indicating buying interest on the charts.&nbsp;The MACD shows a bullish crossover and green bars on the histogram, suggesting a significant upside to $20 can be anticipated in the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/04/barc-stock-will-barclays-stock-break-above-the-166-gbx-level/" target="_blank" rel="noreferrer noopener">PLTR stock price </a>highlights the consolidation and stayed between $15 – $18 and did not escape the range in the past sessions. Moreover, the price action is favoring the bulls, suggesting a positive outlook for the upcoming sessions. However, buyers must extend the momentum and cross the upper neckline of $17 to expand the gains.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $13 and $10</p> 
<p>Resistance Levels: $17 and $20</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

PLTR Stock (NYSE: PLTR) Consolidates, Will PLTR Escape $20?

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