Palantir shares are trending higher. Why is PLTR stock trading higher?
Earnings Preview & HistoryPalantir is scheduled to report second-quarter earnings on August 3. Analysts estimate EPS of 35 cents along with revenue of approximately $1.8 billion. For the prior quarter, Palantir reported EPS of 33 cents, beating the consensus estimate of 28 cents. The company also posted revenue of $1.633 billion, exceeding the consensus estimate of $1.54 billion.Palantir has beaten EPS estimates in each of its last four quarters. The company raised its full-year 2026 revenue guidance last quarter to a range of $7.650 billion to $7.662 billion, implying 71% year-over-year growth, up from prior guidance of 61% growth.Closer to Its 52-Week Low Than Its HighAt $124.79, Palantir is still trading 2.3% below its 20-day SMA ($127.90) and 5.1% below its 50-day SMA ($131.61), which keeps the intermediate trend pointed down. It’s also 19% below the 200-day SMA ($154.29), a reminder that the longer-term trend remains heavy despite occasional rebounds.The moving-average structure is still a headwind: the 20-day SMA is below the 50-day SMA, and the death cross (50-day SMA below the 200-day SMA) that occurred in February reinforces the bearish longer-term setup. From a momentum standpoint, MACD is below its signal line and the histogram is negative—plain terms: upside pressure is fading versus the prior upswing unless buyers can push momentum back above that baseline.The stock’s key turning points also frame the current risk: it put in both a swing high and swing low in June, and it broke below support in June as well, which often leaves overhead supply on rebounds. With the 52-week low set in June and the current price still closer to that $106.37 low than the $207.52 high from November 2025, bulls generally want to see higher lows form before calling a durable trend change.
