Palantir stock upgraded to Buy Candidate

The Palantir stock price gained 3.51% on the last trading day (Tuesday, 22nd Apr 2025), rising from $90.80 to $93.99. During the last trading day the stock fluctuated 5.46% from a day low at $91.35 to a day high of $96.34. The price has been going up and down for this period, and there has been a 20.75% gain 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, 5 million more shares were traded than the day before. In total, 89 million shares were bought and sold for approximately $8.32 billion.

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 -7.20% during the next 3 months and, with a 90% probability hold a price between $67.15 and $109.51 at the end of this 3-month period.

Mostly positive signals in the chart today. 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 $92.98 and $86.91. 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 27.00%. Further rise is indicated until a new top pivot has been found. 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.

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 $4.99 between high and low, or 5.46%. For the last week, the stock has had daily average volatility of 6.30%.

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