Big movements in Palantir stock price on Thursday moving 10.41% between high and low

The Palantir stock price fell by -10.73% on the last day (Thursday, 6th Mar 2025) from $90.13 to $80.46. During the last trading day the stock fluctuated 10.41% from a day low at $80.01 to a day high of $88.34. The price has fallen in 6 of the last 10 days and is down by -24.28% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 116 million shares were bought and sold for approximately $9.36 billion.

On Feb 12, 2025, it was reported that Bank of America Securities gave PLTR a "Buy" grade with a "hold" action.

Given the current short-term trend, the stock is expected to rise 32.61% during the next 3 months and, with a 90% probability hold a price between $106.70 and $174.12 at the end of this 3-month period.

There are few to no technical positive signals at the moment. The Palantir stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $85.34 and $92.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 18, 2025, and so far it has fallen -35.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Palantir finds support from accumulated volume at $78.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $8.33 between high and low, or 10.41%. For the last week, the stock has had daily average volatility of 9.84%.

Palantir is oversold on RSI14 (22). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.

The Palantir stock holds several negative signals and despite the positive trend, we believe Palantir will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.