Strong day for Palantir stock price on Tuesday rising 8.14% to $128.10

The Palantir stock price gained 8.14% on the last trading day (Tuesday, 13th May 2025), rising from $118.46 to $128.10. During the last trading day the stock fluctuated 9.46% from a day low at $119.31 to a day high of $130.60. The price has risen in 6 of the last 10 days and is up by 10.35% 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, 52 million more shares were traded than the day before. In total, 145 million shares were bought and sold for approximately $18.59 billion.

On May 06, 2025, it was reported that UBS 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 18.91% during the next 3 months and, with a 90% probability hold a price between $100.11 and $175.66 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 $118.02 and $100.07. 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 73.08%. 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.

On the downside, the stock finds support just below today's level from accumulated volume at $112.06 and $108.86.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 $112.06. If this is broken, then the next support from accumulated volume will be at $108.86 and $106.26.

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 $11.29 between high and low, or 9.46%. For the last week, the stock has had daily average volatility of 6.05%.

Palantir holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.