Palantir stock has turned negative on the technical chart. The 9-day SMA has crossed below its 21-day counterpart. Lower inflation seen in the Core PCE print for September makes another Fed rate hike less likely. An AI study called Palantir a top performer among vendors. downtrend is incoming. The US Personal Consumption Expenditures data for September arrived before the opening bell, and core PCE inflation printed exactly in line with expectations. Core PCE grew 3.7% from a year ago and 0.
price does move lower, the $14.60 to $14.90 support band may fortify the price action. This region has held up during downtrends in June, August and September. If not, the $11.62 resistance high from August 2022 might be Palantir’s only savior. daily chart
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