Schwab Network on $PLTR (Nov 2, 2026)

On the earnings from Palanteer set to report its quarterly results later today. Earnings are expected to nearly double year-over-year to 41 cents per share on an adjusted basis.

Revenue is expected to grow some 85% to more than $2.1 billion.

Now, the company's B earnings in every report for the last two years. Analysts over at Croup say they see strong demand from Palanteer's government business. They've got a buy rating and a $250 price target.

Keep in mind the stock is down about 3% year-over-year. And when we do look at Palenteer, we can see it is slightly uh underperforming uh you know everything else here.

Meanwhile, Palunteer down about 11% during the past trading year. So, we can see as well that when we compare Palunteer to some of the other names in the software sector, uh you know, kind of in the middle here, uh roughly uh in line with the overall performance of the the sector group here, roughly speaking.

Um but a unusual company to be sure, one that is uh not really one that has an easy direct comparison. So when we do look at Palanteer on its own, we can see that it hit highs recently of 21294.

From there, we have established a downward sloping trend line in white here going across our highs. This downside action has broken our blue trend line that was formed after our last earnings gap to the upside.

You can see that this uh blue line connects several of our our low points here that we saw on our climb into those highs.

For now though, we have uh breached the 187 level. this red line here, a notable high point after a small gap to the upside, another high further down the road, and then a series of lows. So, we remain below that level.

You could try to project further support by making a channel type shape here. Uh, using our downward sloping trend line, extrapolating it and putting across those lows. Uh, that could potentially give you an idea where to look for support.

We can see as well our low came in here at our 63-day EMA on Friday. 18119 is where that one closed.

We also dropped below our 21 and 5day exponential moving averages which were roughly in confluence near the low 190s.

RSI also has taken a tumble here. We are below the 50 midline with a downward sloping trajectory as well on our momentum indicator. When we think about our volume profile study, we can see that the notable volume areas uh near our current activity 172 to 188 is where much of the trading activity comes in.

Not really a notable spike as well until we get all the way down here 128 to 139. Uh things do start to pick up again here though around 155 as well.

Right. So to think about our expected move here in the coming days, we're going to target November 6th, our weekly expiration here for Friday, we can see that the high comes in here roughly at those old uh uh you know peaks that we saw near 213.

The lows come in near about uh uh 158 or so. So roughly plus or minus 15% move uh to the upside or the downside.

The trading question then minus one November 6th 1701 165 put vertical at a 150 credit a neutral to bullish outlook here uh you know just selling this spread looking to get a $150 credit receive which would be the max profit max loss would be 350 here break even $16850 about 9.6% 6% to the downside.

So, within that expected move range, a bit more of an aggressive setup here. Looking to capitalize on the uh juiced up premiums that we could get from selling these options. As we head into earnings, you can see our shaded area here though that represents a an approximation of the expected move.

This would be more of a high probability type of setup. Never a guarantee of course, but this would be one that would be more of a uh looking for the odds to be in your favor here of it staying above that break even.

That's Rick Dukat, our lead market technician with your example trade there for Palanteer, which also has earnings due later today along with Apple.