News Image

PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) – A Minervini Trend Template Candidate

By Mill Chart

Last update:

PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) has shown strong technical and fundamental characteristics that align with Mark Minervini’s trend-following strategy. Minervini’s approach focuses on identifying stocks with strong uptrends, high relative strength, and accelerating earnings growth—qualities that PLTR currently exhibits.

Why PLTR Fits the Minervini Trend Template

Mark Minervini’s Trend Template is designed to spot stocks in strong uptrends with the potential for continued momentum. The strategy relies on technical criteria such as moving averages, relative strength, and price action. PLTR meets several key requirements:

Moving Averages Confirm Uptrend

  • Price Above Key Averages: PLTR is trading at $116.20, well above its 50-day ($91.14), 150-day ($74.99), and 200-day ($63.96) moving averages.
  • Averages Trending Up: The 50-day, 150-day, and 200-day moving averages are all rising, confirming sustained upward momentum.
  • 50-Day Above 150-Day & 200-Day: The 50-day SMA is above both the 150-day and 200-day, a bullish signal indicating accelerating momentum.

Price Strength Relative to 52-Week Range

  • 30% Above 52-Week Low: PLTR is trading 467% above its 52-week low of $20.50.
  • Within 25% of 52-Week High: At $116.20, it is just 7.3% below its 52-week high of $125.41.

Strong Relative Strength

PLTR has a ChartMill Relative Strength (CRS) score of 99.54, meaning it outperforms nearly all other stocks in price performance over the past year.

High Growth Fundamentals

Beyond technical strength, PLTR demonstrates strong earnings and revenue growth—another key factor in Minervini’s strategy.

Earnings Growth

  • EPS Growth (TTM): Up 64% year-over-year.
  • Quarterly EPS Growth: Last quarter saw a 75% increase compared to the same period last year.
  • Earnings Surprises: PLTR has beaten EPS estimates in all of the last four quarters, with an average beat of 10.28%.

Revenue Growth

  • Revenue Growth (TTM): Up 28.8% year-over-year.
  • Quarterly Revenue Growth: Last quarter revenue grew 36% compared to the prior year.
  • Analyst Revisions: EPS and revenue estimates for next year have been revised upward by 17.9% in the last three months.

Profit Margins Improving

  • Profit Margin (Q): 9.55%, up from previous quarters.
  • Free Cash Flow Growth: Up 63.7% year-over-year.

Technical Analysis Summary

According to ChartMill’s technical report, PLTR scores a perfect 10 out of 10 on technical health, with both short-term and long-term trends positive. However, the setup rating is 3 out of 10, indicating that while the stock is strong, it may need a consolidation before presenting an optimal entry point.

Key takeaways:

  • Strong uptrend with price above all major moving averages.
  • High relative strength, outperforming 99.5% of stocks.
  • Volatility may require patience—waiting for a pullback or consolidation could offer a better risk/reward entry.

For more stocks meeting similar criteria, check the [Minervini Trend Template screener](https://www.chartmill.com/stock/stock-screener?sid=718&f=sm50v_a_sm150v,sm50v_a_sm200v,sl_crs_70_X,sm200v_r,sm150v_a_sm200v,v1_50b100,cu_a_sm50v,cu_a_sm150v,cu_a_sm200v,sl_ratingHgm_6_X,exch_us&v=3&s=ta&sd=DESC&cpl=2&bc=true&nw=1&pam=1&pm=1&set=1&uc=7054723&dc=14111810&o1=3&op1=200,16711680&o2=3&op2=50,255&o3=1&o4=89&op4=40,1,10536676&cf=(h%3E%3D(wh520.75)),(cu%3E%3D(wl521.3)).

$SUMMARY$
PALANTIR TECHNOLOGIES INC-A (PLTR) meets Minervini’s Trend Template criteria with strong technicals, high relative strength, and accelerating earnings growth. While the stock is extended, its fundamentals and momentum make it a candidate for watchlists.

Follow ChartMill for more