Michael Burry Continues to Short Palantir Despite Trump's Support
- Short Position Maintained: Michael Burry continues to hold long-dated put options expiring in June 2027 and December 2026, indicating his persistent bearish outlook on Palantir despite Trump's public endorsement, which underscores his skepticism about the company's future performance.
- Stock Price Fluctuations: Following Trump's support, Palantir's stock experienced a brief rally but ultimately fell 13.7% over the week and is down approximately 28% year-to-date in 2026, reflecting market concerns and uncertainty regarding its valuation.
- Market Response and Competitive Pressure: While Burry believes Palantir's fundamental value is below $50, Wall Street analyst Dan Ives countered that Palantir is at the epicenter of the AI revolution, suggesting that the narrative of competition with Anthropic is overstated, indicating ongoing confidence in Palantir's market position.
- Political and Business Relations: Palantir's relationship with the Trump administration has improved, potentially leading to new government contracts, highlighting the significant impact of political dynamics on the company's business development.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0144 | 0.016 | 0.0176 | 0.0192 | 0.0208 | 0.0224 | 0.024 |
| Fibonacci | 0.016 | 0.0172 | 0.018 | 0.0192 | 0.0204 | 0.0212 | 0.0224 |
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