Resistance

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PLTR stock price may rebound after a $1 Billion buyback plan announcement.</a> </li> 
 <li> <span>2</span> <a>Palantir stock has slipped from the $20 recovery level crushing the AI hopes.</a> </li> 
 <li> <span>3</span> <a>Palantir Technologies Inc. (NYSE: PLTR) stock has recovered around 158.97% year-to-date.</a> </li> 
</ul> 
<p>PLTR stock price may rebound after the $1 Billion buyback plan announcement and PLTR shares may initiate its recovery soon. PLTR shares need to attract buyers in order to reverse the downtrend momentum in Wednesday’s trading session.&nbsp;</p> 
<p>Palantir provided a third-quarter revenue forecast between $553 Million and $557 Million, slightly exceeding the estimated $552 Million. However, Wall Street analysts remain divided on the AI software’s reception.</p> 
<p>PLTR stock price was at $17.04 and has lost 5.28% of its market capitalization during the day’s trading session. Trading volume has increased tremendously in favor of sellers during Tuesday’s trading session. This demonstrates sellers have been active, but now buyers need to come forward during Wednesday’s trading session.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-palantir-technologies-inc-nyse-pltr-stock-price-looking-for-growth-strong"><strong>Palantir Technologies Inc., NYSE: PLTR Stock Price Looking for Growth</strong>&nbsp;</h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/HJ-cSmrt6YWtYDeJZ1U1lfgKA-QnppVf5AMr7ytYXu6sKHlUl_XbUawrOIfxyJkg-K-sYc4Bw0eQe8z4fKn3b99PKeRxkCfrO46lsHMJz5vzpg7uRaWuCWTPB_b-Q_ZFAeu-QpWJP-u-sQMjNvZoFQ" alt="PLTR Stock Price Preparing Rebound After $1 Billion Buyback Plan?"> 
  <figcaption class="wp-element-caption">
    Source: NYSE: PLTR by <a href="https://www.tradingview.com/x/E2D0C900/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>PLTR stock price has been gradually declining from its previous peak, with the potential for a recovery following the recent buyback plan announcement. However, the stock price of Palantir has dipped below its 20-day exponential moving average (EMA) and is currently making efforts to remain steady above the 50, 100, and 200-day daily moving averages.&nbsp;</p> 
<p>In the midst of this, financial experts anticipate a resurgence in <a href="https://www.thecoinrepublic.com/2023/08/01/pltr-stock-price-prediction-will-palantir-technologies-hit-30/" rel="noopener noreferrer nofollow">Palantir stock price</a> from the support level of $16.00, driven by the widespread dissemination of news about the $1 Billion buyback initiative.</p> 
<p>The Palantir stock experienced a decrease of approximately 12.44% within a week, followed by a notable increase of 11.88% over a month’s span. Additionally, PLTR stock price exhibited a rise of about 75.13% during the past three months and a substantial 104.32% over the last six months.&nbsp;</p> 
<p>Furthermore, Palantir stock price has shown a remarkable surge of roughly 158.97% year-to-date, validating the indications of its significant recovery in 2023. Over the course of a year, the Palantir stock price has witnessed an impressive gain of 74.41%.&nbsp;</p> 
<p>Technical indicators suggest the downside trend of PLTR shares. Relative strength index (RSI) and moving average convergence divergence (MACD) both confirm the selling pressure over the Palantir stock.&nbsp;</p> 
<p>RSI was at 49 and was trying to sustain neutrality. The MACD line is below the signal line after a negative crossover. Investors in Palantir Technologies Inc. (NYSE: PLTR) needs to wait for any directional change over the daily time frame chart.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong>&nbsp;&nbsp;</h4> 
<p>Following the news of the $1 Billion repurchase plan, PLTR stock price may increase, and PLTR shares may start to rise shortly. The stock price of Palantir is now attempting to hold stable above the 50, 100, and 200-day daily moving averages after falling below its 20-day exponential moving average (EMA). In addition, the price of PLTR stock increased by a significant 104.32% over the previous six months and by about 75.13% during the previous three months. Technical indications point to the PLTR shares’ downward trajectory.&nbsp;&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<p><strong>Support Levels:</strong> $16.00 and $15.50</p> 
<p><strong>Resistance Levels:</strong> $17.05 and $18.00</p> 
<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, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

PLTR Stock Price Preparing Rebound After $1 Billion Buyback Plan?

Table of Contents

Thecoinrepublic.com

Autres articles publiés le 9 août 2023

Crypto yang Siap Bersaing di Tahun Ini: Solana, Cardano dan Pomerdoge

Will Waste Management (WM) Stock Price Fall Further This Week?

$287,000 reportedly stolen in hack targeting Aave’s Earning Farm

Top Trader’s Hot Takes: Predicting the Futures of PEPE, RLB, ARB, LINK, and DOGE – Here’s His Out...

Litecoin (LTC) And TRON (TRX) Left in Awe: VC Spectra’s 900% Presale Returns Gaining Momentum

Expected Appeal on Ripple Case Announced by the U.S. SEC

Join our free newsletter for daily crypto updates!