Palantir stock price ended on $23.59 on Thursday after gaining 3.74%

The Palantir stock price gained 3.74% on the last trading day (Thursday, 22nd Feb 2024), rising from $22.74 to $23.59. During the last trading day the stock fluctuated 3.90% from a day low at $23.05 to a day high of $23.95. The price has been going up and down for this period, and there has been a -0.04% loss 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, 7 million more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately $1.47 billion.

On Feb 06, 2024, it was reported that Mizuho Securities gave PLTR a "Neutral" 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 20.35% during the next 3 months and, with a 90% probability hold a price between $20.67 and $30.93 at the end of this 3-month period.

The Palantir stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $24.11. On a fall, the stock will find some support from the long-term average at approximately $19.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, February 15, 2024, and so far it has fallen -7.16%. 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 $21.87 and $18.40.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 $21.87. If this is broken, then the next support from accumulated volume will be at $18.40 and $17.77.

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 $0.90 between high and low, or 3.90%. For the last week, the stock has had daily average volatility of 4.00%.

Palantir holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.