Palantir shows bearish head-and-shoulders and sits below key EMAs despite strong Q4 revenue and EPS outlook
first published 2026-02-02T17:05:13Z
Palantir’s stock has formed a daily head-and-shoulders pattern, trading below the 50- and 100-day EMAs and the Supertrend with bearish RSI and MACD. This comes while analysts forecast a strong Q4 (revenue ~$1.34B, +62%; EPS ~$0.23, +64%) and project 2025 revenue of roughly $4.4B (+53%) driven by its AIP offering on Gotham and Foundry. Forward valuation is extreme (forward P/E >200). Technical support at the neckline (~$147) implies a drop to ~$102 if broken, with an intermediate ~20% decline to the 61.8% Fibonacci level.
AI Analysis
Daily chart shows a head-and-shoulders pattern and price below the 50-/100-day EMAs and Supertrend; momentum indicators RSI and MACD are bearish. Analysts still expect a strong Q4 (revenue ~$1.34B, EPS ~$0.23) but forward P/E is over 200. Technical neckline at $147 implies a target near $102 if it breaks, creating a clear downside trade trigger.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant