Palantir continue to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for PLTR. Prices broke through the area between the signal lines up, which indicates pressure from buyers of securities and potentially continued growth in the near future. At the time of publication of the forecast, the share price is 7.02 dollars per share of Palantir. As part of the forecast for the price of securities, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 7.65 area. Further, a rebound down and the continuation of the fall in the value of securities. The potential target of such a movement is the area below the level of 5.75.
Palantir Stock Forecast January 26, 2023
An additional signal in favor of falling Palantir quotes will be a test of the downward trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option of falling stock prices of Palantir will be a strong growth and a breakdown of the level of 8.45. This will indicate a breakdown of the resistance area and the upper border of the descending channel, which in turn implies continued growth to the area at the level of 10.65. It is worth expecting an acceleration in the fall of shares with a breakdown of the support area and closing below the level of 6.45, which will indicate a breakdown of the lower border of the bullish correction channel.
Palantir Stock Forecast January 26, 2023 suggests the development of a correction in securities and a test of the resistance area near the level of 7.65. Where should we expect a rebound and an attempt to continue the fall of shares to the area below the level of 5.75. A test of the trend line on the relative strength index (RSI) will come out in favor of the securities’ decline. Cancellation of the option of falling PLTR will be a strong growth and a breakdown of the level of 8.45. This will indicate a breakdown of resistance and continued growth in value to the area above the level of 10.65.
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