Palantir stock hit with death cross; $70 crash next?

Palantir (PLTR) has formed a daily death cross, a bearish technical signal that raises downside risk and could push the share price below $100. Such signals typically trigger short-term selling and elevated volatility, potentially moving the stock on the order of ~1–3% as traders shift into risk-off positions.

Analysis

Palantir (PLTR) has formed a daily death cross, a bearish technical signal that raises downside risk and could push the share price below $100. Such signals typically trigger short-term selling and elevated volatility, potentially moving the stock on the order of ~1–3% as traders shift into risk-off positions.