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No changes to the price of Palantir stock on the last trading day (Friday, 11th Aug 2023). During the last trading day the stock fluctuated 4.49% from a day low at $14.91 to a day high of $15.58. The price has fallen in 6 of the last 10 days and is down by -13.48% for this period.
Jefferies is very positive about PLTR. The price target was set to 7.5 (Jan 05, 2023).
Given the current short-term trend, the stock is expected to rise 43.50% during the next 3 months and, with a 90% probability hold a price between $22.11 and $29.85 at the end of this 3-month period.
There are few to no technical positive signals at the moment. 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 $16.86 and $16.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 01, 2023, and so far it has fallen -22.91%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Palantir finds support from accumulated volume at $14.71 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 $0.670 between high and low, or 4.49%. For the last week, the stock has had daily average volatility of 7.47%.
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.