Palantir Technologies Inc. (NASDAQ:PLTR) shares are trading lower Tuesday amid overall market weakness after President Donald Trump posted on social media that, starting February 1st, Denmark, Norway, France, Germany, the UK, the Netherlands and Finland will be charged a 10% tariff on all goods sent to the U.S. Trump has recently escalated rhetoric about making Greenland a U.S. territory.

Trump's Tariff Plan And Greenland Comments

In the post, Trump said the tariff would increase to 25% on June 1, 2026, and remain in effect until a deal is reached for the "complete and total purchase of Greenland." He framed the move as necessary to protect global peace and U.S. national security, citing concerns involving China and Russia.

Trump criticized Denmark's ability to defend Greenland and said recent activity by several European countries on the island poses a "very dangerous situation" for global security. He added that the United States is open to negotiations with Denmark and the other countries named in the post.

Technical Analysis Of Palantir

Currently, the stock is trading 9.3% below its 20-day simple moving average (SMA) and 4.6% below its 100-day SMA, indicating some short-term weakness while still maintaining a longer-term uptrend. Over the past 12 months, shares have surged approximately 129.59%, positioning them closer to their 52-week highs than lows, which reflects strong overall performance.

The RSI is currently neutral, suggesting that the stock is neither overbought nor oversold. Meanwhile, the MACD is below its signal line, indicating bearish pressure on the stock.

The combination of neutral RSI and bearish MACD suggests mixed momentum.

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Palantir Technologies, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Bullish (Score: 91.23/100) — Stock is outperforming the broader market.
• Value: Risk (Score: 1.22/100) — Trading at a steep premium relative to peers.

The Verdict: Palantir Technologies’s Benzinga Edge signal reveals a classic ‘High-Flyer’ setup. While the Momentum (91) confirms the strong trend, the extremely low Value (1) score warns that the stock is priced for perfection—investors should ride the trend but use tight stop-losses.

PLTR Price Action: At the time of writing, Palantir shares are trading 0.54% lower at $170.05, according to data from Benzinga Pro.

Image via Shutterstock