Palantir stock rose Friday amid a software rebound. Palantir would snap a seven-session losing streak if it closes up.

Palantir stock has fallen 40% from highs due to cyclical fears and AI disruption concerns. RSI indicates nearly oversold levels.

Palantir plunges into deeply oversold territory, trading 31% below its 200-day SMA. Check out the key support and resistance levels now.