PALANTIR TECHNOLOGIES INC-A (PLTR) Stock Technical Analysis
NASDAQ:PLTR • US69608A1088
Taking everything into account, PLTR scores 2 out of 10 in our technical rating. Although PLTR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month PLTR has a been trading in the 126.23 - 165.08 range, which is quite wide. It is currently trading near the lows of this range.
- PLTR is part of the Software industry. There are 275 other stocks in this industry. PLTR outperforms 89% of them.
- PLTR has an average volume of 47613700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PLTR did better than 79% of all other stocks. However, we also see that PLTR couldn't keep up this performance in the last couple of months.
- PLTR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLTR is lagging the market.
Although the technical rating is bad, PLTR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 137.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 131.40, a Stop Loss order could be placed below this zone.
More info and screens
127.54
We found 1 important support area.
- A support zone ranging from 128.83 to 131.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 137.20 to 137.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @178.63 from a trend line in the daily time frame.
- Resistance @183.25 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 | DOWN | NEGATIVE | The long term trend for PLTR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLTR is down. |
| ChartMill Relative Strength | 79.46 | POSITIVE | PLTR has a high relative strength, it outperformed 79.46% 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) | DOWN | NEGATIVE | The current price of PLTR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PLTR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.03 | NEUTRAL | The RSI value for PLTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.5 | POSITIVE | The MACD value suggests PLTR has a positive trend. |
| Stochastics (14,3) | 48.59 | NEUTRAL | The Stochastics value for PLTR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for PLTR suggests high volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for PLTR suggests a strong trend. |
137.19
+1.25 (+0.92%)
PALANTIR TECHNOLOGIES INC-A / PLTR FAQ
Can you provide the ChartMill technical rating for PALANTIR TECHNOLOGIES INC-A?
ChartMill assigns a technical rating of 2 / 10 to PLTR.
What is the trend direction for PLTR stock?
The current trend direction for PALANTIR TECHNOLOGIES INC-A (PLTR) is Bearish.
What is the RSI signal for PALANTIR TECHNOLOGIES INC-A (PLTR) stock?
PALANTIR TECHNOLOGIES INC-A (PLTR) has an RSI value of 43.0292. This indicates that the stock is currently neutral.
What is the short term momentum for PALANTIR TECHNOLOGIES INC-A (PLTR) stock?
The short term momentum for PALANTIR TECHNOLOGIES INC-A (PLTR) is negative.
Can you provide the buy/sell signal for PALANTIR TECHNOLOGIES INC-A?
The buy/sell signal for PALANTIR TECHNOLOGIES INC-A (PLTR) is sell as both the short term and long term trends are negative.