Palantir Stock Price Levels to Watch Heading Into 2025

2 minutes ago

Palantir Technologies (PLTR) is set to claim the coveted title of the S&P 500 index’s best performing component this year.

The stock, which was down nearly 1% at $76.50 this morning, has gained 350% since the start of the year, bolstered by robust demand for its artificial intelligence (AI) analytics software offerings.

Since breaking out from a month-long consolidation period following the presidential election in early November, Palantir shares have continued to track sharply higher on above-average trading volumes.

However, last week a shooting star formed on the chart, a candlestick pattern that occurs after a significant advance, indicating the price may start falling or enter a consolidation phase. It’s worth pointing out that the last time a similar pattern formed on the chart in late July, the stock fell 21% over the following two weeks.

Investors should watch key support levels on Palantir's chart around $66, $45, and $29, while also monitoring an upside price target near $145.

Read the full technical analysis piece here.

–Timothy Smith

Nasdaq Clings to Gains for Month, S&P 500, Dow Lose Ground

1 hr 19 min ago

Heading into the final trading day of December, the Nasdaq Composite has gained 1.4% so far this month. Meanwhile, the Dow Jones Industrial Average and S&P 500 are down 5.2% and 2.1%, respectively, their biggest monthly losses since April.

Each of the major indexes hit record highs earlier this month, boosted by optimism about the expected pro-growth policies of the incoming Trump administration. But the market has stumbled in recent weeks after the Federal Reserve said that it would likely slow down the pace of interest rate cuts next year as inflation has been hotter than expected.

Despite the late-year slump, the major indexes remain on pace for solid yearly gains, with the Nasdaq up 30% since the start of 2024. The S&P 500 and Dow are up 24% and 13%, respectively.

Futures Point to Higher Open for Major Stock Indexes

2 hr 2 min ago

Futures tied to the Dow Jones Industrial Average 0.2%.

S&P 500 futures were up 0.3%.

Nasdaq 100 futures also gained 0.3%.

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