Watch These Palantir Price Levels After Monday’s Rebound

After slumping late last week, Palantir Technologies (PLTR) shares rebounded to post gains Monday as the tech company said it was partnering with Accenture (ACN) for its work with the federal government.

Palantir shares added over 4% Monday and have more than doubled from their early April low, leaving them up about 80% in 2025 so far, boosted by the AI boom and expectations the firm could benefit from the Trump administration’s efforts to raise government efficiency.

Below, we take a closer look at Palantir’s chart and use technical analysis to point out crucial price levels that could be worth monitoring.

Recent Sell-Off Backed by Volume

After a retracement toward the 200-day moving average (MA) bottomed out in early April, Palantir shares have trended sharply higher.

However, that strong bullish momentum ended abruptly in Friday’s trading session, with the stock dropping 9% on the heaviest volume since late February. In a small win for the bulls, Monday’s partial recovery saw the relative strength index (RSI) reclaim its neutral threshold.

Let’s identify three crucial support levels on Palantir’s chart worth watching and also identify an important overhead area to monitor during potential upswings.

Crucial Support Levels Worth Watching

The first lower level to watch sits around $125. This area may provide support near the upward sloping 50-day MA and a trendline that links a series of price action on the chart extending back to the prominent February swing high.

A close below this level could see the shares retrace to $97. Investors may seek buying opportunities in this location near the March countertrend high, which also closely aligns with a brief period of consolidation around the 50-day MA in mid-April.

Further selling could open the door for a drop to lower support at the $83 level. The shares could attract bids in this region near the 200-day MA and a trendline that connects a range of trading activity on the chart between December and April.

It’s worth noting this level also sits just below a projected bars pattern downside target that takes the stock’s trend lower from mid-February to early April and repositions it from Friday’s high, providing insight as to how as similar downtrend might play out.

Important Overhead Area to Monitor

During upswings, it’s worth monitoring the $148 level. This area on Palantir’s chart could gain significant attention near the stock’s record high, an area where tactical traders who bought Friday’s dip may decide to lock in profits.

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As of the date this article was written, the author does not own any of the above securities.