Palantir stock price ended at $76.07 on Friday, after gaining 3.92%

The Palantir stock price gained 3.92% on the last trading day (Friday, 13th Dec 2024), rising from $73.20 to $76.07. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.04% from a day low at $72.45 to a day high of $76.10. The price has risen in 6 of the last 10 days and is up by 13.4% 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, 1 million more shares were traded than the day before. In total, 73 million shares were bought and sold for approximately $5.55 billion.

On Dec 09, 2024, it was reported that William Blair gave PLTR a "Underperform" grade with a "hold" action.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $79.71 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 114.17% during the next 3 months and, with a 90% probability hold a price between $129.20 and $170.72 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 $73.33 and $60.75. 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 Friday, December 06, 2024, and so far it has fallen -0.354%. 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 $72.46 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 $3.65 between high and low, or 5.04%. For the last week, the stock has had daily average volatility of 7.57%.

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.