Comparison: $TSLA and $PLTR S&P 500 Inclusion
Comparison: 
TSLA and NYSE:PLTR S&P 500 Inclusion
Palantir Technologies is set to join the S&P 500 on September 23, 2024
This milestone mirrors Tesla's inclusion in the index back on December 21, 2020
- Tesla's Journey: Prior to its S&P 500 inclusion, Tesla's stock experienced a significant upward trend, which continued for several weeks post-inclusion before entering a prolonged period of sideways consolidation for almost a year (chart above)
- Palantir's Path: Interestingly, Palantir's stock price trajectory in the months leading up to its S&P 500 inclusion shows striking similarities to Tesla's pre-inclusion performance (chart below)
Do you think that Palantir will behave similarly to Tesla after the inclusion? i.e.:
- Short-term: Further upward trend in the immediate weeks following its inclusion
- Long-term: A possible sideways consolidation, akin to Tesla's post-inclusion phase
TSLA and NYSE:PLTR S&P 500 InclusionPalantir Technologies is set to join the S&P 500 on September 23, 2024
This milestone mirrors Tesla's inclusion in the index back on December 21, 2020
- Tesla's Journey: Prior to its S&P 500 inclusion, Tesla's stock experienced a significant upward trend, which continued for several weeks post-inclusion before entering a prolonged period of sideways consolidation for almost a year (chart above)
- Palantir's Path: Interestingly, Palantir's stock price trajectory in the months leading up to its S&P 500 inclusion shows striking similarities to Tesla's pre-inclusion performance (chart below)
Do you think that Palantir will behave similarly to Tesla after the inclusion? i.e.:
- Short-term: Further upward trend in the immediate weeks following its inclusion
- Long-term: A possible sideways consolidation, akin to Tesla's post-inclusion phase
Note
Even I was very surprised how almost 1:1 the price development of NYSE:PLTR before and after S&P500 inclusion followed TSLA after its inclusion
If this trend continues Palantir shares will have to take a well-deserved break in the coming weeks/months for now
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.