Palantir Gains 1.70% to $134.36 as Technical Indicators Signal Bullish Momentum

Palantir (PLTR) Technical Analysis
Palantir rose 1.70% to $134.36 in the latest session, marking a two-day gain of 2.82%. This upward momentum follows recent volatility, requiring multi-dimensional technical assessment.
Candlestick Theory
Recent price action reveals a tentative recovery after June 27th's bearish marubozu ($130.74 close, -9.37%). The subsequent hammer candle on June 30th ($136.32, +4.27%) signaled rejection of lows near $130–$131, establishing immediate support. Current closes above $132.12 confirm resilience, though resistance persists at $136.32 (June 30 high) and $144.25 (June 26 peak). A decisive breach above $136.32 would strengthen bullish momentum.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages align bullishly below current price ($134.36), indicating a durable uptrend. Crucially, the 50-DMA (near $115) recently cushioned the late-June selloff, preserving the primary trend. Sustained trading above ascending 50/100/200-DMAs reinforces structural support, though a 50-DMA retest remains plausible if volatility resurges.
MACD & KDJ Indicators
MACD registers a bullish crossover below zero, with histogram bars expanding positively since July 1st. This hints at accelerating near-term momentum. Meanwhile, KDJ’s J-curve (59.3) just exited oversold territory but remains below overbought thresholds. Both oscillators signal recovering bullish impulse, though MACD’s position below zero suggests trend strength is rebuilding rather than established.
Bollinger Bands
Bands expanded sharply during late June’s selloff, reflecting elevated volatility. The rebound from the lower band ($130 support) to the mid-band ($135) demonstrates stabilization. Current price trades near the mid-band, suggesting balanced volatility—an expansion above $136.50 could trigger a retest of the upper band (~$142).
Volume-Price Relationship
Volumes surged 101% above average during the June 27th capitulation ($130.74 close), confirming panic selling. Subsequent recovery days (June 30–July 2) saw above-average volumes, validating accumulation. However, the latest 1.70% gain occurred on 30% lower volume, suggesting short-term exhaustion near $135 resistance. Sustainability requires volume resurgence above $136.
Relative Strength Index (RSI)
The 14-day RSI (56.4) rebounds from near-oversold territory (37.1 on June 27) but remains neutral, showing latent upside room before overbought concerns emerge. Divergence exists: While price nears June’s high ($144.25), RSI stays well below its prior peak (June 20: 68.7), indicating weaker momentum relative to price. This warrants caution for trend continuity.
Fibonacci Retracement
Applying Fib levels from the November 2024 low ($65.47) to the June 2025 high ($148.22) reveals key retracement zones. The recent pullback bottomed at $130.74—precisely the 38.2% retracement ($129.80), validating this as major support. The 23.6% level ($135.60) aligns with July 3rd’s high ($135.62), forming immediate resistance. A breach here would target the June 26 peak ($144.25).
Confluence & Divergence
Convergence occurs at $129–$131: Fib support (38.2%), the June 27th low, and Bollinger lower band signal a high-probability bounce zone. Conversely, bearish divergence exists between price recovery and RSI/momentum metrics, suggesting latent fragility. Volume contraction during recent gains further questions trend vigor. While MACD/KDJ support near-term upside, resistance near $136.32 (candlestick high) and $135.60 (Fib) requires monitoring for breakout validation.