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May 23, 2023

AI Trading Robot Generates 5.32% GAIN for PLTR last week: An Analysis of Earning Results

Last week, Palantir Technologies (PLTR) saw a significant 5.32% gain. This significant upswing was due in part to the application of a sophisticated AI trading robot that has been monitoring PLTR's performance, coupled with a positive shift in PLTR's Momentum Indicator. The results speak volumes about the effectiveness of AI in stock trading, making PLTR an interesting case study.

On May 09, 2023, PLTR's Momentum Indicator moved above the 0 level. This move is an indication that the stock could be transitioning into a new upward move. Historically, a shift like this has usually led to an upward movement in the stock. Hence, traders may want to consider buying the stock or buying call options, a strategy that involves the potential for unlimited gains and limited losses.

To reinforce this assertion, we can turn to the results from Tickeron's A.I.dvisor. This AI-powered tool analysed 45 similar instances where PLTR's Momentum Indicator turned positive. Impressively, in 41 of those cases, the stock price indeed moved higher in the subsequent days. This pattern suggests that the odds of a move higher in PLTR's stock price, following a positive shift in the Momentum Indicator, are a promising 90%.

However, despite the enticing prospects, investors are advised to exercise due diligence. The stock market is inherently unpredictable, and while AI and algorithmic trading have made it easier to spot trends and make predictions, they are not infallible. The very nature of AI trading means that it can only make decisions based on the data it has, and cannot account for unforeseen market conditions or shifts in investor sentiment.

Investors should also be aware that while AI trading can be an effective tool for generating profit, it also comes with its own set of risks. Algorithmic trading systems can sometimes misinterpret data or fail to take into account important context, leading to potential losses. Therefore, it's crucial that investors maintain a balanced and diversified portfolio, and not rely solely on the output of an AI trading system.

PLTR's recent gain is a testament to the increasing relevance of AI in stock trading. Given the positive shift in PLTR's Momentum Indicator and the favourable statistics from Tickeron's A.I.dvisor, there seems to be a high probability of further gains. But as always, it's essential for investors to exercise caution and make well-informed decisions.

Related Ticker: PLTR

PLTR's RSI Oscillator recovers from overbought zone

The 10-day RSI Indicator for PLTR moved out of overbought territory on May 07, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 instances where the indicator moved out of the overbought zone. In of the 22 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 07, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PLTR as a result. In of 66 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for PLTR turned negative on May 10, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 34 similar instances when the indicator turned negative. In of the 34 cases the stock turned lower in the days that followed. This puts the odds of success at .

PLTR moved below its 50-day moving average on May 07, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLTR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PLTR broke above its upper Bollinger Band on May 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PLTR entered a downward trend on April 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLTR advanced for three days, in of 213 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PLTR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (14.556) is normal, around the industry mean (29.834). P/E Ratio (254.000) is within average values for comparable stocks, (156.133). Projected Growth (PEG Ratio) (1.749) is also within normal values, averaging (2.723). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (23.585) is also within normal values, averaging (55.842).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PLTR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.2B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 23%. ENETF experienced the highest price growth at 334%, while EVAHF experienced the biggest fall at -46%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -2%. For the same stocks of the Industry, the average monthly volume growth was 73% and the average quarterly volume growth was 46%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 76
Price Growth Rating: 58
SMR Rating: 84
Profit Risk Rating: 89
Seasonality Score: 16 (-100 ... +100)
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A.I.Advisor
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General Information

Industry PackagedSoftware

Profile
Fundamentals
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Address
1200 17th Street
Phone
+1 720 358-3679
Employees
3735
Web
https://www.palantir.com
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