PALANTIR TECHNOLOGIES INC-A (PLTR) Stock Technical Analysis
NASDAQ:PLTR - Nasdaq - US69608A1088 - Common Stock - Currency: USD
Overall PLTR gets a technical rating of 10 out of 10. 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.
In the last month PLTR has a been trading in the 142.34 - 190.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 part of the Software industry. There are 283 other stocks in this industry. PLTR outperforms 97% of them.
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 72339900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although PLTR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
84.41
157.57
We found 5 important support areas.
- A support zone ranging from 156.00 to 156.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 149.52 to 152.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @102.16 from a trend line in the weekly time frame.
- Support @88.90 from a trend line in the daily time frame.
- Support @85.26 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 | NEUTRAL | NEUTRAL | The short term trend for PLTR is neutral. |
| ChartMill Relative Strength | 99.02 | POSITIVE | PLTR has a high relative strength, it outperformed 99.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PLTR is below 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) | 42.54 | NEUTRAL | The RSI value for PLTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.02 | NEGATIVE | The MACD value suggests PLTR has a negative trend. |
| Stochastics (14,3) | 34.95 | NEUTRAL | The Stochastics value for PLTR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for PLTR suggests some volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for PLTR suggests a strong 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)
156.01
-1.74 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.1%
1 Week-15.38%
2 Weeks-13.11%
1 Month0.89%
3 Month26.52%
6 Month53.93%
12 Month390.91%
2 Year941.46%
3 Year1920.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.83
ATR(20)%4.87%
ATR Inc131.55%
Range Today14.12
ADR(20)6.61
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.02
Mansfield5.44
10 Day High190
10 Day Low142.34
20 Day High190
20 Day Low142.34
52 Week High190
52 Week Low29.31
CS1 End156
CR1 StartN/A
Volume & EV
DER(3)-1.79%
DER(5)-0.62%
Volume220.34M
Volume Incr78.06%
Vol(5)106.94M
Vol(50)72.34M