PLTR Price Prediction for Next Week

Technical Analysis

Based on the technical analysis, PLTR is currently trading at $74.51, showing a decline of 0.58% in the last regular trading session. The stock has formed a bearish candlestick pattern with significant volume of 72.2M shares traded.

Key technical levels:

• Fibonacci Resistance: $83.19, $86.62, $92.17
• Fibonacci Support: $72.09, $68.66, $63.11
• Fibonacci Pivot: $77.64

RSI(14) at 55.66 indicates neutral momentum, neither overbought nor oversold. The MACD value of 3.93 suggests positive momentum but showing signs of weakening.

News Sentiment Analysis

Recent news indicates strong positive sentiment for PLTR:

• PLTR has emerged as one of the strongest performers in 2024, with a remarkable 360% increase over the past year
• The company is positioned as the purest AI player in the software industry
• Commercial revenue accelerated by 54% year-over-year and 13% quarter-over-quarter in Q3
• Adjusted operating margins increased to 38%, demonstrating strong execution

Price Prediction for Next Week

Based on technical indicators and news sentiment:

• Target Price: $78-80 range
• Direction: Bullish with caution
• Stop Loss: $72.09 (Fibonacci S1)

Trading Recommendation: BUY with strict stop loss at $72.09

Rationale:

1. Strong fundamental growth in commercial business
2. Positive momentum indicators despite recent pullback
3. Clear support levels for risk management
4. Continued AI sector strength expected in 2025

The stock is likely to find support at current levels and resume its upward trend, targeting the $78-80 range next week. However, maintain strict stop loss due to broader market volatility.