PLTR Technical Analysis - PALANTIR TECHNOLOGIES INC-A

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to PLTR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLTR is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that PLTR is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by PLTR over the past year are nicely spread over this period.

PLTR is one of the better performing stocks in the Software industry, it outperforms 96% of 280 stocks in the same industry.

PLTR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PLTR is lagging the market slightly.

PLTR has an average volume of 67176700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month PLTR has a been trading in the 142.34 - 180.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PALANTIR TECHNOLOGIES INC-A / PLTR Weekly stock chart

PALANTIR TECHNOLOGIES INC-A / PLTR Daily stock chart

Setup Rating and Analysis

Although PLTR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

105.33

173.14

When analyzing the support we can see 4 important areas.

A support zone ranging from 159.64 to 160.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @156.88 from a trend line in the daily time frame.
A support zone ranging from 153.10 to 154.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @106.39 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for PLTR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PLTR is up.
ChartMill Relative Strength	98.58	POSITIVE	PLTR has a high relative strength, it outperformed 98.58% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of PLTR is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PLTR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PLTR is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.68	NEUTRAL	The RSI value for PLTR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.86	POSITIVE	The MACD value suggests PLTR has a positive trend.
Stochastics (14,3)	88.88	OVERBOUGHT	The high Stochastics value suggests PLTR may be overbought.
Average True Range in percent/ATR (20)	4.61	MEDIUM VOLATILITY	The ATR as a percentage value for PLTR suggests some volalility.
Average Directional Index/ADX (14)	19.68	NEGATIVE	The low ADX value for PLTR suggests a weak or negative trend.