
Palantir Technologies Inc. (NASDAQ: PLTR) stock has been in a downtrend since hitting an all-time high (ATH) after its quarterly earnings report on Nov 3. While a death cross isn’t guaranteed, technical indicators suggest the stock could approach this bearish formation if selling pressure continues.
A death cross is a technical chart pattern marked by the 50-day simple moving average (SMA) crossing below its 200-day SMA. Although Palantir isn’t there yet, several signals point to a potential crossover.