Palantir Technologies (PLTR) Q3: Technical Analysis
$190.70
Palantir Technologies (PLTR) Q3: Technical Analysis
05 Nov 2025, 12:42
Chart & Data from IG
Microsoft continues to rise higher, boosted by the good revenue results from backed company OpenAI. However, we can see that the technical indicators are suggesting that its stock is now becoming a little overbought. The MACD line has now approached the same level it was back in June just before the beginning of the market correction. Although we have seen Microsoft continue rising in the past during similar conditions, an example is the second half of 2021. Nevertheless, the RSI is also reading 77 and the last time it was at this level was before the ‘market crash’ in 2021. Hence, this does not necessarily mean that yet another market crash is underway, but it could mean that the stock may soon decide to take a breather. Perhaps not as big as the 15% retracement from June last year, but maybe a healthy 5-7% before continuing higher. This is not an indication to go short, but to remain cautious based on past technical history,