Palantir stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session

The Palantir stock price gained 0.99% on the last trading day (Monday, 12th May 2025), rising from $117.30 to $118.46. During the last trading day the stock fluctuated 5.14% from a day low at $115.01 to a day high of $120.92. The price has risen in 6 of the last 10 days and is up by 3.32% 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, 13 million more shares were traded than the day before. In total, 93 million shares were bought and sold for approximately $11.04 billion.

On May 06, 2025, it was reported that UBS gave PLTR a "Neutral" 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 $126.11 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 16.95% during the next 3 months and, with a 90% probability hold a price between $95.46 and $147.48 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 $117.47 and $99.18. A breakdown below any of these levels will issue sell signals. 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 Friday, May 02, 2025, and so far it has fallen -4.68%. 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 $108.86 and $106.26.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 $108.86. If this is broken, then the next support from accumulated volume will be at $106.26 and $92.01.

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 $5.91 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 5.71%.

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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.