Strong day for Palantir stock price on Friday rising 5.53% to $84.91

The Palantir stock price gained 5.53% on the last trading day (Friday, 7th Mar 2025), rising from $80.46 to $84.91. During the last trading day the stock fluctuated 7.57% from a day low at $79.15 to a day high of $85.15. The price has been going up and down for this period, and there has been a -16.25% loss for the last 2 weeks. Volume fell on the last day by -12 million shares and in total, 105 million shares were bought and sold for approximately $8.90 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 Feb 12, 2025, it was reported that Bank of America Securities gave PLTR a "Buy" grade with a "hold" action.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $80.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 31.13% during the next 3 months and, with a 90% probability hold a price between $106.20 and $172.44 at the end of this 3-month period.

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. The Palantir stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $92.80. On a fall, the stock will find some support from the short-term average at $84.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 18, 2025, and so far it has fallen -31.86%. 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).

On the downside, the stock finds support just below today's level from accumulated volume at $80.55 and $78.98.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 $80.55. If this is broken, then the next support from accumulated volume will be at $78.98 and $72.46.

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 $5.99 between high and low, or 7.57%. For the last week, the stock has had daily average volatility of 9.72%.

The Palantir stock holds several negative signals and despite the positive trend, we believe Palantir will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.