Big movements in Palantir stock price on Tuesday moving 11.56% between high and low

The Palantir stock price gained 1.17% on the last trading day (Tuesday, 4th Mar 2025), rising from $83.42 to $84.40. During the last trading day the stock fluctuated 11.56% from a day low at $79.31 to a day high of $88.48. The price has fallen in 7 of the last 10 days and is down by -32.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 115 million shares were bought and sold for approximately $9.69 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $84.01 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 35.74% during the next 3 months and, with a 90% probability hold a price between $114.04 and $177.21 at the end of this 3-month period.

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $86.48 and $91.19. 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 -32.27%. 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).

Palantir finds support from accumulated volume at $80.55 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 $9.17 between high and low, or 11.56%. For the last week, the stock has had daily average volatility of 9.04%.

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.