{"id":507631,"date":"2026-06-23T19:08:13","date_gmt":"2026-06-23T19:08:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/507631\/"},"modified":"2026-06-23T19:08:13","modified_gmt":"2026-06-23T19:08:13","slug":"palantir-and-salesforce-put-softwares-rebound-on-trial-alphacheck","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/507631\/","title":{"rendered":"Palantir and Salesforce put software’s rebound on trial: AlphaCheck"},"content":{"rendered":"\n

Palantir’s (PLTR<\/a>) chart just cracked. Salesforce (CRM<\/a>) is still sliding toward its next test.<\/p>\n

Palantir stock dropped to a one-year low Monday and continued to edge lower Tuesday morning, putting it on track for a fifth straight decline. Salesforce stock is posting a small bounce, setting up to snap a 14-day losing streak, the worst run in the stock’s history.<\/p>\n

The charts still look rough.<\/p>\n

Palantir’s first line is near $125, the old floor of its prior trading range. Bulls need the stock back above that level fast to argue the breakdown was a bear trap<\/a>, or a failed move lower that forces sellers to chase the stock back up.<\/p>\n

That is not happening yet.<\/p>\n

The stock has struggled to bounce from current lows. The 200-day moving average<\/a> \u2014 the purple line in the chart above \u2014 has rolled over to the downside, and the daily relative strength index<\/a>, or RSI \u2014 at the bottom of the chart \u2014 has not yet declined to levels that would suggest a strong bounce is near.<\/p>\n

RSI is a momentum gauge, and readings below 30 are often treated as oversold<\/a>. But buying on oversold readings works better when the larger trend indicated by the 200-day moving average is still rising. Palantir’s is not.<\/p>\n

Salesforce is a slower version of the same problem.<\/p>\n

The stock has fallen to fresh three-year lows over the past few sessions, with its 40-week moving average sloping lower. The 40-week average is roughly the weekly chart version of the 200-day average, since there are about five trading days in a week.<\/p>\n

The next potential floor is around $125 to $130, but even that comes with a warning. If weekly RSI pushes below 30 into that zone, it would mark a fresh four-year low in that momentum gauge, which makes any bounce look more suspect.<\/p>\n

This is the trap software investors have seen before. In a downtrend, rallies fade, dip buyers get punished, and old support can turn into new resistance.<\/p>\n

The broader software group is not helping.<\/p>\n

The iShares Expanded Tech-Software Sector ETF (IGV<\/a>) is down about 13% this month, 17% this year, and 25% below its closing high, according to AlphaSpace data. The software comeback bid was already fading before the latest AI rout hit the tape.<\/p>\n

For Palantir, the line is $125. For Salesforce, it is $125 to $130. Until those levels are reclaimed or defended, software’s rebound is still awaiting a verdict.<\/p>\n

Jared Blikre is the global markets and data editor for Yahoo Finance. Follow him on X at @SPYJared<\/a> or email him at jaredblikre@yahooinc.com.<\/p>\n

Click here for in-depth analysis of the latest stock market news and events moving stock prices<\/a><\/p>\n

Read the latest financial and business news from Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Palantir’s (PLTR) chart just cracked. Salesforce (CRM) is still sliding toward its next test. Palantir stock dropped to…\n","protected":false},"author":2,"featured_media":507632,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46,110280,17581,226875,136],"class_list":["post-507631","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-il","tag-israel","tag-losing-streak","tag-palantir","tag-palantir-stock","tag-salesforce"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/507631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=507631"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/507631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/507632"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=507631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=507631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=507631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}