Chart of the Day: A Close Look at Palantir Ahead of Earnings
The big tech stock just keeps on rolling hitting a new all-time high before quarterly results.
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Palantir's (PLTR) popularity seems to have reached a zenith, but we're not going to call the end of its spectacular rally. The stock is up huge in 2025, better than 170%, as the company just continues to grow and grow.
The chart shows a nice series of higher highs and higher lows, our textbook bullish pattern. The indicators remain supportive of the bullish trend, with the MACD especially strong as is stochastics, which implies very strong momentum.
If there were a fly in the ointment it might be money flow, at the bottom of the chart, which we see is in negative territory. Unfortunately this tells us a lack of institutional sponsorship, but that may change if the company delivers strong earnings and guidance this week.
We first bought Palantir in March of this year and have added to the position, which is now up 100% in the portfolio. Earnings after the close on Monday.
We like Palantir in TheStreet Pro Portfolio and rate it a One, or "buy at anytime."
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At the time of publication, TheStreet Pro Portfolio was long PLTR.
