Palantir stock price ended at $93.78 on Thursday, after gaining 1.15%
The Palantir stock price gained 1.15% on the last trading day (Thursday, 17th Apr 2025), rising from $92.71 to $93.78. During the last trading day the stock fluctuated 3.08% from a day low at $92.27 to a day high of $95.11. The price has been going up and down for this period, and there has been a 12.18% gain for the last 2 weeks. Volume fell on the last day by -38 million shares and in total, 83 million shares were bought and sold for approximately $7.82 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On Apr 04, 2025, it was reported that Loop Capital Markets gave PLTR a "Buy" grade with a "hold" action.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -5.03% during the next 3 months and, with a 90% probability hold a price between $69.39 and $114.18 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 $92.38 and $86.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 04, 2025, and so far it has risen 26.71%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Palantir finds support from accumulated volume at $92.01 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 $2.84 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 5.84%.
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
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