Palantir Stock Fell Below Its 50-Day Moving Average. Where It Could Be Headed Next.
Market Intelligence Analysis
AI-PoweredPalantir Technologies stock has fallen below its 50-day moving average, raising concerns about a potential further decline. The stock is narrowly above its 100-day moving average, but has failed to close above $200 since its recent results. This could indicate a bearish trend for the company's stock.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Palantir Technologies stock has fallen below its 50-day moving average and was hovering dangerously close to its 100-day moving average on Tuesday—a sign that it could be headed lower. Palantir was also narrowly above its 100-day moving average of $169.24, after dipping below that level earlier in Tuesday’s session. It has failed to close above the $200 mark since then, despite Palantir posting what CEO Alex Karp called “arguably the best results that any software company has ever delivered.”
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