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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PLTR
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Palantir stock price ended at $22.67 on Friday, after losing 0.744%.
(Updated on Apr 12, 2024)

Sell candidate since Apr 03, 2024 Loss -0.13% PDF

The Palantir stock price fell by -0.744% on the last day (Friday, 12th Apr 2024) from $22.84 to $22.67. During the last trading day the stock fluctuated 3.53% from a day low at $22.41 to a day high of $23.20. The price has fallen in 7 of the last 10 days and is down by -1.48% for this period. Volume has increased on the last day by 10 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 million shares were bought and sold for approximately $815.17 million.

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 $21.99 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 32.38% during the next 3 months and, with a 90% probability hold a price between $29.10 and $38.93 at the end of this 3-month period.

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PLTR Signals & Forecast

There are few to no technical positive signals at the moment. The Palantir stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.74 and $24.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -14.32%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Palantir stock

Palantir finds support from accumulated volume at $22.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.790 between high and low, or 3.53%. For the last week, the stock has had daily average volatility of 2.96%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PLTR) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Palantir Technologies Inc. to open at $22.76, and during the day (based on 14 day Average True Range), to move between $21.69 and $23.65, which gives a possible trading interval of +/-$0.98 (+/-4.31%) up or down from last closing price. If Palantir Technologies Inc. takes out the full calculated possible swing range there will be an estimated 8.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.48 (0.84%) than the resistance at $23.60 (4.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Palantir Technologies Inc. stock A Buy?

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.

Current score: -4.328 Sell Candidate Unchanged

Predicted Opening Price for Palantir Technologies Inc. of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$22.76 ( 0.397%) $22.67

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PLTR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.55 3.88 %
R2 23.25 2.55 %
R1 23.06 1.73 %
Current price: 22.67
Support S1 22.46 -0.93 %
S2 22.27 -1.76 %
S3 21.97 -3.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.16 15.39 %
R2 24.51 8.12 %
R1 23.60 4.10 %
Current price 22.67
Support S1 22.48 -0.84%
S2 21.87 -3.53%
S3 17.60 -22.36%

FAQ

What is the symbol for Palantir Stock and on which exchange is it traded?
The symbol for Palantir is PLTR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Palantir Stock?
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.

How to buy Palantir Stock?
Palantir Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Palantir Stock.

What's the current price of Palantir Stock?
As of the end of day on the 2024-04-12, the price of an Palantir (PLTR) share was $22.67.

What is the 52-week high and low for Palantir Stock?
The 52-week high for Palantir Stock is $27.50 and the 52-week low is $7.28.

What is the market capitalization of Palantir Stock?
As of the 2024-04-12, the market capitalization of Palantir is 47.854B.

When is the next earnings date for Palantir?
The upcoming earnings date for Palantir is May 13, 2024.
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About Palantir Technologies Inc.

Palantir Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and opera... PLTR Profile

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