Palantir Jumps 3.73% to $154.63 as Technicals Signal Bullish Continuation

Palantir (PLTR) concluded the most recent session at $154.63, rising 3.73% amid trading volumes exceeding 47.5 million shares. This upward momentum occurred within a session range of $148.29–$155, suggesting renewed buying interest after minor pullbacks in prior sessions.
Candlestick Theory
Recent price action reveals consolidation above the psychological support of $145. A three-candle pattern emerges starting July 21: a bearish candle closing near lows ($151.79), followed by a small-bodied doji ($153.52), and concluding with a decisive bullish candle ($154.63) that reclaimed the July 18 high. This sequence suggests weakening bearish pressure. Key resistance resides at $155 (July 23 high and psychological barrier), while the July 14 swing low of $142.22 establishes immediate support. A sustained breach above $155 could signal continuation, whereas failure risks testing the $142–$145 confluence zone.
Moving Average Theory
The 50-day SMA ($135), 100-day SMA ($120), and 200-day SMA ($95) maintain upward slopes, confirming the primary bullish trend. The latest close ($154.63) holds comfortably above all three averages. Notably, the 50-day SMA crossed above the 200-day SMA (Golden Cross) in Q2 2025, reinforcing structural strength. Current price alignment with these moving averages indicates robust trend sustainability barring a breakdown below $142.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover above its signal line, with histogram bars expanding positively. This aligns with improving momentum. KDJ (9,3,3) presents the K-line (71) and D-line (68) in neutral territory, avoiding overbought conditions despite the price surge. Both oscillators lack bearish divergence, though KDJ’s proximity to overbought territory warrants monitoring for potential near-term exhaustion, especially if the $155 resistance holds.
Bollinger Bands
Bands contracted notably in mid-July (July 11–16), signaling reduced volatility before the recent expansion. Price currently rides the upper band ($153), typically indicative of short-term strength. The band width expansion supports bullish momentum, but a close outside the upper band increases probability of reversion toward the 20-day SMA ($147). Sustained trading above $153 favors continuation, whereas a retreat would test mid-band support near $148.
Volume-Price Relationship
Volume surged 47% on July 14 during a 4.96% rally, validating upward momentum. Subsequent pullbacks occurred on diminishing volume, indicating weak selling pressure. The July 23 advance occurred on slightly below-average volume relative to the prior month, suggesting cautious participation. Conclusively breaking $155 requires volume expansion for confirmation, while high-volume rejection would signal distribution.
Relative Strength Index (RSI)
The 14-day RSI reads 65, edging toward overbought territory but not yet breaching the 70 threshold where false signals may occur. Current levels historically preceded minor consolidations (e.g., late June when RSI hit 72 before a 10% correction). Bullish bias remains intact below RSI 70, though the indicator suggests limited near-term upside without digestion. A pullback to RSI 50–55 would align with healthy momentum reset.
Fibonacci Retracement
Drawing from the April 7 trough ($77.84) to the June 27 peak ($144.97), key retracement levels emerge. The 23.6% ($131.50) and 38.2% ($120.80) levels anchored the July correction, with the price rebounding sharply from the 38.2% support. Current trading above the 0% retracement ($144.97) signals trend resumption. The next significant Fibonacci extension targets cluster near $165 (127.2%) and $172 (161.8%). Confluence exists at $155–$160, where the psychological level overlaps with a 78.6% extension.
Confluence & Divergence Observations
Confluence supports bullish sentiment: Moving averages stack bullishly, MACD/KTJ agree on improving momentum, and volume validates key advances. Bollinger Band expansion and RSI neutrality offer complementary strength signals. Minor divergences include RSI’s failure to reach new highs alongside the July 23 peak (vs. June highs), hinting at potential near-term consolidation. However, Fibonacci structure and moving average alignment supersede this warning. Probabilistically, a sustained break above $155 opens a path to $160–$165, while bears require a close below $142 to threaten the uptrend.
Risk Considerations
Volume confirmation remains critical for overcoming $155 resistance. Absent this, RSI proximity to overbought and Bollinger Band stretch increase susceptibility to profit-taking. Nevertheless, structural supports at $142 (July low) and $135 (50-day SMA) create robust downside buffers. The primary trend favors longs, with temporary pullbacks expected to attract accumulation near technical supports.