- Palantir Technologies ends 2024 trading near $80.97, with potential resistance at $85. Explore its chart analysis
Palantir Technologies Inc. (PLTR) closes 2024 on a high note, with its stock trading near $80.97. As the year winds down, all eyes are on Palantir’s performance levels heading into 2025.
Palantir Chart Analysis
- Support Levels:
- Immediate support stands firm at $77.79, a level that cushioned recent minor pullbacks.
- Below that, the key support zones include $70.20 and $65.79, levels where buyers showed strong interest earlier this quarter.
- Resistance Levels:
- The stock faces a significant hurdle at $80.97, a level tested multiple times over the past week.
- Breaching this could see an extended rally toward $85.00, Palantir’s next psychological resistance.
- Trend Dynamics:
- Palantir maintains its bullish structure after breaking past consolidation earlier this year.
What’s Fueling Palantir’s Rally?
Palantir Technologies has thrived in 2024, taking advantage of the growing demand for AI-driven data analysis and business solutions. Recent significant government contracts and ventures into new markets have bolstered revenue forecasts, establishing PLTR as a central target for growth-oriented investors.
What to Expect in 2025
As Palantir edges closer to $81.00, the stock’s trajectory depends on its ability to sustain bullish momentum. A breakout above $80.97 could signal further gains, while a retreat below $77.79 might attract profit-taking.
Investor Outlook
With strong fundamentals and steady demand for its AI-powered solutions, Palantir continues to be a favorite among both institutional and retail investors. The initial weeks of 2025 will be vital in deciding if this rally can sustain itself or if the stock requires a pause.
Palantir’s impressive 2024 performance positions it as a top contender in the tech sector for the new year.