Green day on Monday for Palantir stock after gaining 0.451%

The Palantir stock price gained 0.451% on the last trading day (Monday, 25th Nov 2024), rising from $64.34 to $64.63. During the last trading day the stock fluctuated 5.93% from a day low at $64.08 to a day high of $67.88. The price has been going up and down for this period, and there has been a 7.22% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 73 million shares were bought and sold for approximately $4.69 billion.

On Oct 17, 2024, it was reported that Wedbush 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 89.40% during the next 3 months and, with a 90% probability hold a price between $92.92 and $130.42 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $63.21 and $50.37. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, November 15, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $61.25 and $55.87.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 $61.25. If this is broken, then the next support from accumulated volume will be at $55.87 and $51.15.

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 $3.80 between high and low, or 5.93%. For the last week, the stock has had daily average volatility of 5.30%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Palantir stock to perform well in the short-term.