PLTR's Profitable Journey: +4.17% Growth Achieved by Trader Robot
Among these bot factories, the "Swing trader: Top High-Volatility Stocks (TA)" has recently gained attention for generating a substantial +4.17% gain while trading PLTR (Palantir Technologies Inc.) over the course of the previous week. Let's delve into the earning results and the recent momentum indicator to analyze the factors that contributed to this impressive performance.
PLTR's Momentum Indicator and Upward Move
On July 06, 2023, PLTR's Momentum Indicator moved above the 0 level, signaling a potential shift towards a new upward trend. This technical indicator is an essential tool for traders, as it helps identify significant shifts in a stock's price direction. Based on this development, traders may be inclined to consider buying the stock or purchasing call options, anticipating further price appreciation.
Tapping into the power of artificial intelligence, Tickeron's A.I.dvisor analyzed 47 similar instances in the past where PLTR's Momentum Indicator turned positive. In an astonishing 43 out of these 47 cases, the stock demonstrated a subsequent increase in price in the following days, resulting in favorable odds of 90% for a move higher in the current scenario.
Positive Earnings Report
Beyond the momentum indicator, another crucial aspect that could have influenced the recent gains is PLTR's positive earnings report. On May 08, the company reported earnings per share of 5 cents, surpassing the estimated 3 cents. Such outperformance often leads to increased investor confidence, driving demand for the stock.
Considering the company's 23.11 million shares outstanding, the current market capitalization of PLTR stands at an impressive 38.30 billion USD. This substantial market capitalization reflects the company's significance and potential for growth, attracting both retail and institutional investors.
Summary
In conclusion, the AI trading robots accessible at "Swing trader: Top High-Volatility Stocks (TA)" have proven their prowess once again, achieving a remarkable +4.17% gain while trading PLTR over the previous week. The positive shift in PLTR's Momentum Indicator provided a strong indication of an upcoming upward move, as supported by historical data analyzed by Tickeron's A.I.dvisor. Additionally, the company's impressive earnings report with earnings per share exceeding estimates further bolstered investor confidence and contributed to the recent surge in the stock's price.
PLTR sees MACD Histogram just turned negative
PLTR saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 30 instances where the indicator turned negative. In of the 30 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PLTR as a result. In of 49 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
PLTR moved below its 50-day moving average on August 31, 2023 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 .
The Aroon Indicator for PLTR entered a downward trend on August 29, 2023. 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 3 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 175 cases, the price rose further within the following month. The odds of a continued upward trend are .
PLTR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (10.352) is normal, around the industry mean (19.856). P/E Ratio (294.118) is within average values for comparable stocks, (152.778). Projected Growth (PEG Ratio) (0.910) is also within normal values, averaging (2.642). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (15.060) is also within normal values, averaging (74.113).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 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.
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
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PLTR and
Correlation & Price change
A.I.dvisor indicates that over the last year, PLTR has been closely correlated with COIN. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if PLTR jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To PLTR | 1D Price Change % | ||
|---|---|---|---|---|
| PLTR | 100% | -1.83% | ||
| COIN - PLTR | 69% Closely correlated | -1.71% | ||
| CLSK - PLTR | 66% Loosely correlated | -4.13% | ||
| RIOT - PLTR | 63% Loosely correlated | -2.16% | ||
| NET - PLTR | 62% Loosely correlated | -1.85% | ||
| BSY - PLTR | 60% Loosely correlated | -1.93% | ||
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