Palantir Technologies (PLTR) Price Forecast Summary

Author: Bruce Powers

Published: June 23, 2026

Key Points

• Failed rebound signals weak momentum.
• Breakdown below $122.68 confirms pressure.
• Lower targets now sit near $105.70 to $102.79.
• A deeper drop opens $97.33 to $96.38.
• Resistance remains near $122.68 to $128.75.

Market Analysis

Palantir Technologies Inc. (PLTR) has experienced a continuation of its bearish trend, marked by a significant drop below the previous low of $122.68. This decline was confirmed by a closing price of $119.50, indicating a loss of momentum and a shift in market sentiment.

Failed Reclaim of Resistance

After multiple attempts to reclaim the 200-day moving average, PLTR established a swing high at $163.70 before sellers regained control, driving the price lower. The resistance zone was further validated by the 50-week moving average at $159.14, reinforcing the bearish outlook.

Lower Targets in View

The stock has been consolidating below the 200-day moving average, and the bearish continuation suggests that lower price targets are now in sight. The first target zone is identified between $105.70 and $102.79, which includes a 141.4% Fibonacci extension and a measured move target. Additionally, a 78.6% Fibonacci projection for a falling ABCD pattern rounds out this range at $103.81.

Next Support Zone

If the initial target zone fails to hold, the next significant support range is approximately $97.33 to $96.38. This area includes prior resistance levels from March and April of the previous year, the 78.6% Fibonacci retracement of the prior advance, and the 161.8% Fibonacci extension. A break below this support would indicate a more severe bearish trend.

Resistance on Any Bounce

Given the strong potential for reaching lower targets, any signs of strength before hitting these levels are likely to attract renewed selling pressure. Key resistance levels are identified near the prior range low of $122.68, extending up to approximately $128.75, with the 10-day moving average at $128.46 also acting as a potential resistance point.

Conclusion

The analysis indicates a bearish outlook for Palantir Technologies (PLTR), with significant downward pressure and lower price targets in sight. Traders should monitor key resistance levels and support zones closely as the market evolves.