PALANTIR TECHNOLOGIES INC-A (PLTR) Stock Technical Analysis
NASDAQ:PLTR - Nasdaq - US69608A1088 - Common Stock - Currency: USD
Taking everything into account, PLTR scores 10 out of 10 in our technical rating. 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 99% 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 98% of 282 stocks in the same industry.
A new 52 week high is currently being made by PLTR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month PLTR has a been trading in the 128.51 - 160.39 range, which is quite wide. It is currently trading near the high of this range.
PLTR has an average volume of 75647900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although PLTR has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
82.18
160.39
4 important support areas can be observed.
- A support zone ranging from 144.80 to 149.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 136.94 to 137.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @96.53 from a trend line in the weekly time frame.
- Support @83.01 from a trend line in the weekly time frame.
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 | 99.09 | POSITIVE | PLTR has a high relative strength, it outperformed 99.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLTR is above the rising 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) | 68.83 | NEUTRAL | The RSI value for PLTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests PLTR has a positive trend. |
| Stochastics (14,3) | 95.18 | OVERBOUGHT | The high Stochastics value suggests PLTR may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for PLTR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for PLTR suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
158.8
+3.94 (+2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.54%
1 Week3.44%
2 Weeks11.75%
1 Month10.09%
3 Month40.81%
6 Month101.06%
12 Month484.25%
2 Year700.4%
3 Year1434.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.8
ATR(20)%3.51%
ATR Inc-12.94%
Range Today4.81
ADR(20)5.31
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.09
Mansfield7.54
10 Day High160.39
10 Day Low142.22
20 Day High160.39
20 Day Low128.51
52 Week High160.39
52 Week Low21.23
CS1 End149.06
CR1 StartN/A
Volume & EV
DER(3)5.19%
DER(5)2.47%
Volume57.97M
Volume Incr-34.33%
Vol(5)47.98M
Vol(50)75.65M