Big movements in Palantir stock price on Thursday moving 12.11% between high and low

The Palantir stock price fell by -5.18% on the last day (Thursday, 20th Feb 2025) from $112.06 to $106.26. During the last trading day the stock fluctuated 12.11% from a day low at $95.80 to a day high of $107.40. The price has risen in 6 of the last 10 days and is up by 4.83% over the past 2 weeks. Volume has increased on the last day by 105 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, 240 million shares were bought and sold for approximately $25.55 billion.

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

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 54.09% during the next 3 months and, with a 90% probability hold a price between $130.19 and $194.34 at the end of this 3-month period.

The Palantir stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $115.72. On a fall, the stock will find some support from the long-term average at approximately $87.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, February 18, 2025, and so far it has fallen -14.73%. Further fall is indicated until a new bottom pivot has been found. 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 $103.83 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 $11.60 between high and low, or 12.11%. For the last week, the stock has had daily average volatility of 7.84%.

Palantir holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.