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The Palantir stock price gained 0.177% on the last trading day (Friday, 28th Feb 2025), rising from $84.77 to $84.92. During the last trading day the stock fluctuated 8.13% from a day low at $78.59 to a day high of $84.98. The price has fallen in 6 of the last 10 days and is down by -27.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 million more shares were traded than the day before. In total, 125 million shares were bought and sold for approximately $10.58 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 41.69% during the next 3 months and, with a 90% probability hold a price between $120.32 and $183.78 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. On corrections up, there will be some resistance from the lines at $92.17 and $90.26. 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 -31.86%. 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).
On the downside, the stock finds support just below today's level from accumulated volume at $80.55 and $78.98.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Palantir finds support just below today's level at $80.55. If this is broken, then the next support from accumulated volume will be at $78.98 and $72.46.
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 $6.39 between high and low, or 8.13%. For the last week, the stock has had daily average volatility of 8.50%.
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.
Check full Palantir forecast and analysis here.
