Big movements in Palantir stock price on Wednesday moving 20.78% between high and low

The Palantir stock price gained 19.00% on the last trading day (Wednesday, 9th Apr 2025), rising from $77.32 to $92.01. During the last trading day the stock fluctuated 20.78% from a day low at $77.27 to a day high of $93.33. The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 52 million more shares were traded than the day before. In total, 185 million shares were bought and sold for approximately $17.07 billion.

On Apr 04, 2025, it was reported that Loop Capital Markets gave PLTR a "Buy" grade with a "hold" action.

The stock lies in the middle of a very wide and weak 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 3.51% during the next 3 months and, with a 90% probability hold a price between $71.65 and $131.63 at the end of this 3-month period.

The Palantir stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $82.42 and $86.60. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, February 18, 2025, and so far it has fallen -26.17%. 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 $90.68 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $16.06 between high and low, or 20.78%. For the last week, the stock has had daily average volatility of 15.46%.

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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.