What is PLTR predicted to do before close on Friday?

**PLTR's Predicted Performance Before Close on Friday** 1. **Technical Indicators**: Palantir's technical indicators are not currently showing any strong buy signals. The stock has experienced a decrease of 5.08% last week, and there are no recent positive technical indicators such as a percentage change greater than 5%, closing price above the 5-day moving average, or 5-day moving average above the 10-day moving average. 2. **Resistance and Support Levels**: The stock is currently trading close to its resistance level of $44.8 and below its support level of $43.61. This suggests that the stock may face some upward pressure but also has a nearby level where it could encounter selling pressure. 3. **Earnings Release**: Palantir is scheduled to release its Q3 earnings report after the close on Monday, November 4. Since the stock is not expected to have an earnings report on Friday, the predicted performance will likely be influenced by broader market trends and technical indicators. 4. **Market Sentiment**: The broader market sentiment towards Palantir is cautious, with analysts and investors closely watching the upcoming earnings report. The stock has been up 154% in 2024, but there are concerns about its high valuation and dependence on government clients. 5. **Insider Activity**: There has been significant insider trading activity, with the CEO selling a large amount of shares just before the Q3 earnings report. This could be interpreted as a lack of confidence in the company's future prospects. **Conclusion**: Given the lack of positive technical indicators, the upcoming earnings report, and the cautious market sentiment, it is reasonable to predict that Palantir's stock may continue to experience some downward pressure before the close on Friday. However, the proximity to resistance and support levels suggests that there may be some volatility and potential for a bounce in either direction. Investors should closely monitor the stock's performance and the broader market trends leading up to the earnings report.