Watch These Palantir Price Levels After Stock Posts S&P 500’s Biggest Gains in 2024 [Video]

Palantir Technologies (PLTR) is set to claim the coveted title of the S&P 500 index’s best performing component this year.

The company, which provides customized analytics software across various sectors, has seen its shares surge 350% since the start of the year through Monday’s close, bolstered by robust demand for its artificial intelligence (AI) offerings. 

The software maker reported net sales jumping 30% in the latest quarter, with double-digit growth in both its commercial and government businesses. In the past month, the shares have gained 15% after the company secured an army contract worth $619 million and saw its stock added to the tech-heavy Nasdaq 100 index.

Palantir shares were up nearly 1% at around $78 in premarket trading Tuesday.

Below, we break down the technicals on Palantir’s weekly chart and identify key price levels to watch out for heading into the first quarter of 2025.

Since breaking out from a month-long consolidationperiod …