Palantir Technologies(US:PLTR) Benzinga·2026-01-29 13:34Core Viewpoint - Palantir Technologies Inc is experiencing significant technical challenges as it approaches its fourth quarter earnings, with its stock showing signs of structural risk for the first time in nearly three years [1]. Group 1: Technical Indicators - The stock closed at $157.35, falling below its 200-day moving average of approximately $158.7, marking a critical long-term trend break [1]. - Momentum indicators show that the stock is below its eight-day, 20-day, and 50-day simple moving averages, with the MACD indicator indicating accelerating downside momentum [2]. - The daily RSI has dropped to around 31.7, the lowest since April 2024, suggesting a significant trend transition rather than a routine pullback [3]. Group 2: Key Support Levels - A head-and-shoulders pattern is forming, with the neckline near $150; a decisive break below this level would confirm the pattern and lead to a deeper technical unwind [4]. - The $150 level is identified as a critical support and trigger point for potential further declines [4]. Group 3: Earnings Impact - Palantir's fourth quarter earnings report is imminent, and it is crucial for the stock to reclaim the 200-day moving average and push back above the $165–$170 range to stabilize the situation [5]. - The current technical landscape indicates that Palantir is no longer in a clean momentum uptrend, with the upcoming earnings acting as a potential catalyst for significant market movement [5].