Green day on Thursday for Palantir stock after gaining 1.50%

StockInvest.us, 7 months ago

Palantir

The Palantir stock price gained 1.50% on the last trading day (Thursday, 20th Mar 2025), rising from $86.10 to $87.39. During the last trading day the stock fluctuated 5.49% from a day low at $85.12 to a day high of $89.79. The price has risen in 7 of the last 10 days and is up by 8.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 105 million shares were bought and sold for approximately $9.17 billion.

On Mar 05, 2025, it was reported that William Blair gave PLTR a "Market Perform" grade with a "upgrade" 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 $78.90 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 16.10% during the next 3 months and, with a 90% probability hold a price between $91.60 and $152.71 at the end of this 3-month period.

Palantir

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. The Palantir stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $94.64. On a fall, the stock will find some support from the short-term average at $84.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 18, 2025, and so far it has fallen -29.87%. Further fall is indicated until a new bottom pivot has been found.

Palantir finds support from accumulated volume at $84.92 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 $4.67 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 5.67%.

Palantir holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Check full Palantir forecast and analysis here.
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