PTX Technical Analysis - PALANTIR TECHNOLOGIES INC-A

Technical Rating and Analysis

Overall PTX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PTX has proven to be a steady performer, scoring decent points in every aspect analyzed.

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

When comparing the yearly performance of all stocks, we notice that PTX is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by PTX over the past year are nicely spread over this period.

PTX is part of the Software industry. There are 107 other stocks in this industry. PTX outperforms 99% of them.

PTX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month PTX has a been trading in the 126.24 - 155.12 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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 / PTX Weekly stock chart

PALANTIR TECHNOLOGIES INC-A / PTX Daily stock chart

Setup Rating and Analysis

Although PTX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

100.16

155.56

When analyzing the support we can see 4 important areas.

A support zone ranging from 143.70 to 144.30. 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 134.46 to 140.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @126.78 from a horizontal line in the daily time frame.
Support @101.17 from a trend line in the weekly time frame.

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What is Support and Resistance

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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 PTX.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PTX.DE is up.
ChartMill Relative Strength	99.4	POSITIVE	PTX.DE has a high relative strength, it outperformed 99.4% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PTX.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PTX.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PTX.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.29	NEUTRAL	The RSI value for PTX.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.81	POSITIVE	The MACD value suggests PTX.DE has a positive trend.
Stochastics (14,3)	94.43	OVERBOUGHT	The high Stochastics value suggests PTX.DE may be overbought.
Average True Range in percent/ATR (20)	3.47	MEDIUM VOLATILITY	The ATR as a percentage value for PTX.DE suggests some volalility.
Average Directional Index/ADX (14)	18.41	NEGATIVE	The low ADX value for PTX.DE suggests a weak or negative trend.