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Markets › Palantir › Bullish engulfing

US stock market · candlestick pattern

Bullish engulfing on Palantir

On Palantir the bullish engulfing showed up 36 times. The target came first 36% of the time, the stop 61%, and 3% went nowhere within 12 candles.

Counted on Palantir: daily candles from September 2020 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily425%75%0%
Hourly3238%59%3%

Palantir against the rest

ChartsFoundTarget firstStop firstWent nowhere
Palantir3636%61%3%
All US stock market charts1,02637%59%4%
Every market17,56334%56%10%

Year by year

YearFoundTarget firstStop first
2022425%75%
20252148%52%
20261118%73%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bullish engulfing is

A green body swallows the red one before it. Buyers took control.

Picture a small red fish, then a bigger green fish that swallows it whole. In a bullish engulfing pattern, the green candle's body is so big it covers the whole red body before it. After a fall, it shows buyers suddenly took over.

The full bullish engulfing lesson, video and quiz ›

Other patterns on Palantir

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · MACD bearish cross · Gap down · RSI overbought drop · Doji · Volume profile rejection · all of them

The bullish engulfing elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bullish engulfing work on Palantir?

In 36 cases on Palantir, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 61%; 3% went nowhere within 12 candles.

What is the bullish engulfing?

A green body swallows the red one before it. Buyers took control.