Chart of the Day: Palantir Is Not Immune From the Selling

Avatar photo Bob Lang on November 2, 2026

PLTR stock

A nice uptrend for Palantir ($PLTR) was rudely interrupted by a slew of sellers in the back half of October and pushed the stock to its lower Bollinger band. The location of this band (top chart) is curious, a spot of previous resistance that is now good support. Perhaps this is where Palantir bounces (if the market does, too).

The company will report earnings this coming week and expectations are high, as usual. The trend of the stock though is suspect, given the latest move locks the price chart into neutral (amber color).

Momentum has turned lower, the MACD has actually been on a sell signal for weeks, but money flow is bullish. That is a headscratcher, but relative strength is taking a nose-dive.

There is nothing too bullish about this chart and the indicators now, which tells us maybe the smart money is heading out before the next earnings report. No doubt the numbers will be good like last time, but this is not August when market momentum was much more bullish.

We like Palantir in TheStreet Pro Portfolio and rate it a Two, or “stockpile on pullbacks.”

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At the time of publication, TheStreet Pro Portfolio was long PLTR.

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Posted by Bob Lang

Bob Lang is one of the country’s top options traders, an expert market technician, and a highly sought-after mentor and teacher. He is a private trader in equity and option markets and created his own hedge fund and options trading company called Explosive Options. He is also founder and Chief Options Analyst at Aztec Capital, LLC. He has been a regular contributor to TheStreet Pro's paid subscription products since 2009. Lang is both a short-term trader and long-term stock investor. He utilizes technical and fundamental analysis to find investment opportunities. His coverage for TheStreet Pro specializes in options trading, stock investing, and technical analysis. One of Lang’s claims to fame is his creation of the acronym FANG to describe the top tech companies at the time (Facebook, Amazon, Netflix, and Google). The acronym has since expanded considerably and is still widely used today. He is the author of the book “Know Your Options” and holds an MBA from the University of Redlands. When he’s not providing financial commentary for TheStreet, he can be found on the tennis court, reading, or traveling.

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