PALANTIR TECHNOLOGIES INC-A (PLTR) Stock Technical Analysis
NASDAQ:PLTR - Nasdaq - US69608A1088 - Common Stock - Currency: USD
Taking everything into account, PLTR scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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 97% of 282 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 93337400 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 118.93 - 148.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
80.51
145.70
4 important support areas can be observed.
- A support zone ranging from 129.38 to 130.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 119.91 to 122.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.31 to 93.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.32 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 135.43 to 137.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @144.26 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for PLTR is neutral. |
| ChartMill Relative Strength | 99 | POSITIVE | PLTR has a high relative strength, it outperformed 99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLTR is below 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) | 49.61 | NEUTRAL | The RSI value for PLTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.62 | NEGATIVE | The MACD value suggests PLTR has a negative trend. |
| Stochastics (14,3) | 22.03 | NEUTRAL | The Stochastics value for PLTR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for PLTR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for PLTR suggests a weak or negative 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)
132.12
+1.44 (+1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.1%
1 Week-7.54%
2 Weeks-4.4%
1 Month-0.79%
3 Month78.52%
6 Month65.38%
12 Month385.2%
2 Year565.93%
3 Year1176.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.27
ATR(20)%5.18%
ATR Inc-11.22%
Range Today3.41
ADR(20)6.4
ADR(20)%4.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99
Mansfield6.24
10 Day High148.22
10 Day Low128.51
20 Day High148.22
20 Day Low118.93
52 Week High148.22
52 Week Low21.23
CS1 End127.8
CR1 Start135.32
Volume & EV
DER(3)-1.57%
DER(5)-1.79%
Volume59.73M
Volume Incr22.96%
Vol(5)104.11M
Vol(50)93.34M