Palantir (PLTR) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for PLTR · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$162.66last close · Aug 4, 202652-week range $106.37 – $207.52 · 21.62% below the high

PLTR Bullish Pennant Pattern

PLTR is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $182.11 (+32.4%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; PLTR's own bullish pennants have hit 33.3%.

DirectionBullishTarget$182.11Projected move+32.4%Breakout level$142.39

New to this pattern? What a bullish pennant is and how to trade it →

PLTR's Most Recent Bullish Pennant Trade

PLTR's most recent completed bullish pennant resolved as a loss: it broke higher on May 28, 2026 near $143.54, then was stopped out at $130.21 on Jun 10, 2026 — a -1.12R move (9.3%) over 9 sessions. Across 19 backtested bullish pennants, this setup wins 36.8% of the time.

OutcomeLossResult-1.12REntry$143.54Exit$130.21

Learn about bullish pennant

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
PLTR win rate
33.3%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

PLTR Pattern Trade History

Every completed pattern trade our nightly backtest found on PLTR's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantMay 28, 2026 @ $143.54Jun 10, 2026 @ $130.21Loss-1.12R
TriangleMay 12, 2026 @ $133.53May 29, 2026 @ $156.54Loss-1.43R
TriangleMay 5, 2026 @ $138.88May 29, 2026 @ $156.54Loss-1.64R
TriangleApr 9, 2026 @ $139.32May 29, 2026 @ $156.54Loss-1.02R
Bullish PennantOct 27, 2025 @ $188.97Nov 18, 2025 @ $167.33Loss-1.11R
Rising WedgeAug 5, 2025 @ $171.81Aug 15, 2025 @ $177.17Win+0.26R
Rising WedgeJul 17, 2025 @ $153.19Aug 15, 2025 @ $177.17Win+0.97R
Falling WedgeApr 15, 2024 @ $22.03Jun 18, 2024 @ $25.82Loss-1.10R
Rising WedgeMar 14, 2024 @ $24.36Apr 16, 2024 @ $21.40Win+0.95R
Falling WedgeJan 19, 2024 @ $16.73Feb 20, 2024 @ $23.40Win+6.27R
TriangleDec 19, 2023 @ $17.86Feb 6, 2024 @ $21.87Loss-3.11R
Bullish PennantJul 7, 2023 @ $15.71Jul 21, 2023 @ $16.43Win+0.67R

PLTR Support and Resistance Levels

Price is bouncing off a floor near $122.40 and starting to climb. On the weekly chart, the next ceiling overhead sits near $270.03 — about 66% away.

  • Traders commonly watch $270.03 as a target (its 161.8% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $122.40 floor just now, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $160.65, resistance near $164.53. These are chart/swing-derived levels, not formula pivots.

Resistance
$164.53$281.28$319.47
Support
$160.65$121.34$113.95$110.28$109.77

PLTR Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$145.15$164.52$143.28$162.66
Aug 3, 2026$126.70$126.97$123.66$125.65
Jul 31, 2026$122.29$123.39$119.62$123.06
Jul 30, 2026$121.14$123.67$120.27$122.26
Jul 29, 2026$124.00$127.28$122.45$123.00
Jul 28, 2026$125.84$127.19$117.89$123.53
Jul 27, 2026$126.16$132.41$125.31$131.53
Jul 24, 2026$125.17$125.31$122.02$122.92
Jul 23, 2026$125.94$126.40$120.73$123.37
Jul 22, 2026$132.22$132.35$123.45$124.57

PLTR Frequently Asked Questions

What chart pattern is PLTR forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Palantir (PLTR) on the daily chart, with a measured-move target of $182.11.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on PLTR is a bullish pattern, projecting a measured-move target of $182.11. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for PLTR?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), PLTR's nearest support is around $160.65 and nearest resistance around $164.53.
What is the price target if PLTR's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $182.11 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was PLTR's closing price on Aug 4, 2026?
Palantir (PLTR) last closed at $162.66 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.