The Hourly View for PLTR
At the time of this writing, PLTR (Get Ratings)’s price is down $-0.22 (-1.03%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as PLTR has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
PLTR ranks 296th in terms of today’s price percentage change out of Business Services stocks.
PLTR’s Technical Outlook on the Daily Chart
At the moment, PLTR’s price is down $-0.54 (-2.43%) from the day prior. This is the 2nd day in a row PLTR has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Palantir Technologies Inc’s price action over the past 90 days can be seen via the chart below.
PLTR: Daily RSI Analysis
Want More Great Investing Ideas?