--- title: "Why Is Palantir Stock Falling on Tuesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/294092880.md" description: "Palantir (PLTR) stock fell on Tuesday as investors took profits following a 7% gain on Monday, ahead of the Q2 earnings release on August 3. Analysts estimate EPS of 33 cents and revenue of $1.8 billion. The stock is trading below key moving averages, with resistance at $136.50 and support at $122.50." datetime: "2026-07-28T16:16:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294092880.md) - [en](https://longbridge.com/en/news/294092880.md) - [zh-HK](https://longbridge.com/zh-HK/news/294092880.md) --- # Why Is Palantir Stock Falling on Tuesday? **Palantir Technologies Inc.** (NYSE:PLTR) stock dropped on Tuesday, primarily driven by profit-taking following a 7% surge during Monday’s trading session. On Tuesday, Nasdaq futures are down 0.74% while S&P 500 futures have gained 0.34%. **Read Also: Stock Market Today: Dow Jones Futures Gain as Coca-Cola Jumps After Q2 Beat, S&P 500, Nasdaq 100 Decline—Boeing, Johnson & Johnson in Focus** Palantir is scheduled to report second-quarter earnings on August 3. Wall Street analysts estimate earnings per share (EPS) of 33 cents and revenue of approximately $1.8 billion for the quarter. 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. On Friday, **Citigroup** maintained a Buy rating on Palantir while lowering its price forecast to $200. ## Critical Support and Resistance Levels for PLTR Stock PLTR is trading below its major trend gauges, with the price about 1.4% under the 20-day SMA ($128.83), 3.5% below the 50-day SMA ($131.64), 8.2% below the 100-day SMA ($138.41), and 17.5% below the 200-day SMA ($154.04). That "stack" keeps rallies vulnerable to selling into overhead supply, especially near the mid-$130s. The bigger-picture trend remains pressured after the death cross in February (the 50-day SMA falling below the 200-day SMA), a classic longer-term bearish signal. Even after bounces, that backdrop often turns moving averages into resistance zones until price can reclaim them. Momentum is more mixed: RSI is at 53.35, which is neutral and suggests the stock isn’t especially stretched to the upside or downside right now. In plain English, RSI helps gauge whether a move is getting overheated; here it reads more like a range-bound tug-of-war than a one-way trend. From a levels standpoint, traders are likely watching a tight band between nearby support and the first meaningful rebound ceiling: - **Key Resistance**: $136.50 — a nearby rebound-stall area that also sits close to the 100-day zone ($138.41), where sellers can reassert control - **Key Support**: $122.50 — a nearby floor that lines up with a recent pivot area, and a break could put the June swing-low region back in focus **PLTR Price Action:** Palantir Technologies shares were down 5.86% at $123.82 at the time of publication on Tuesday, according to Benzinga Pro data. **Read Also: Trump's Zombie Tariffs Are Back— and Top Economist Justin Wolfers Says It's a 'Never-Ending 24/7 Saga'** _Photo: PJ McDonnell / Shutterstock_ ### Related Stocks - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [PLT.US](https://longbridge.com/en/quote/PLT.US.md) - [PLTW.US](https://longbridge.com/en/quote/PLTW.US.md) - [PLOO.US](https://longbridge.com/en/quote/PLOO.US.md) - [PLTG.US](https://longbridge.com/en/quote/PLTG.US.md) - [PLTD.US](https://longbridge.com/en/quote/PLTD.US.md) - [PTIR.US](https://longbridge.com/en/quote/PTIR.US.md) - [PLTU.US](https://longbridge.com/en/quote/PLTU.US.md) - [PLTZ.US](https://longbridge.com/en/quote/PLTZ.US.md) - [PLTA.US](https://longbridge.com/en/quote/PLTA.US.md) - [PLTY.US](https://longbridge.com/en/quote/PLTY.US.md) - [PLYY.US](https://longbridge.com/en/quote/PLYY.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [KO.US](https://longbridge.com/en/quote/KO.US.md) - [BA.US](https://longbridge.com/en/quote/BA.US.md) - [JNJ.US](https://longbridge.com/en/quote/JNJ.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) - [BOE.UK](https://longbridge.com/en/quote/BOE.UK.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [NewEdge Wealth LLC Purchases 12,861 Shares of Palantir Technologies Inc. $PLTR](https://longbridge.com/en/news/293732478.md) - [Palantir Q2 Earnings Preview: Profit Growth Expected as Wall Street Sets $200 Price Target](https://longbridge.com/en/news/294017405.md) - [Palantir CEO Alex Karp Says Al Will Create 'Unimaginable Wealth' for 'Oddly Shaped IQ Specimens You Wouldn't Want To Have Over for Dinner'](https://longbridge.com/en/news/293784389.md) - [Palantir Stock Price Forecast — Options Traders Expect a Large Swing in PLTR as Earnings Near](https://longbridge.com/en/news/294215498.md) - [Microsoft, Meta, Nvidia, and Palantir have a message for Washington](https://longbridge.com/en/news/293771334.md)