Strong day for Palantir stock price on Tuesday rising 6.24% to $98.40

The Palantir stock price gained 6.24% on the last trading day (Tuesday, 15th Apr 2025), rising from $92.62 to $98.40. During the last trading day the stock fluctuated 6.37% from a day low at $93.06 to a day high of $98.99. The price has been going up and down for this period, and there has been a 16.2% gain for the last 2 weeks. Volume fell on the last day by -6 million shares and in total, 116 million shares were bought and sold for approximately $11.44 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 -2.50% during the next 3 months and, with a 90% probability hold a price between $71.81 and $119.49 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 $87.90 and $86.08. 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 32.96%. 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).

On the downside, the stock finds support just below today's level from accumulated volume at $92.01 and $90.68.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 $92.01. If this is broken, then the next support from accumulated volume will be at $90.68 and $84.40.

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 $5.93 between high and low, or 6.37%. For the last week, the stock has had daily average volatility of 9.24%.

Palantir holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Palantir stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.