Swing trader: Top High-Volatility Stocks (TA) at Tickeron's robot has recently demonstrated success by delivering an impressive 8.85% return for PLTR (Palantir Technologies Inc.) during its weekly operation. In addition to this encouraging performance, the Moving Average Convergence Divergence (MACD) indicator for PLTR turned positive on May 09, 2023, adding to the bullish sentiment surrounding the stock. This article explores the significance of these indicators and analyzes the recent earnings results to gauge the potential future outlook for PLTR.
Positive MACD Signal and Historical Trends: The Moving Average Convergence Divergence (MACD) is a widely used technical analysis tool that measures the relationship between two moving averages of an asset's price. When the MACD line crosses above the signal line, it generates a bullish signal. In the case of PLTR, the MACD turned positive on May 09, indicating a potential upward momentum in the stock.
To further understand the implications of this signal, historical data can be examined. Based on past instances where PLTR's MACD turned positive, the stock continued to rise in 22 out of 25 cases over the following month. This historical trend suggests a strong probability (88%) of a continued upward trend in PLTR. Traders and investors may find this information valuable in making informed decisions regarding their positions in PLTR.
Earnings Report Highlights: On May 08, PLTR released its latest earnings report, which revealed earnings per share of 5 cents, surpassing the estimated 3 cents. This positive earnings surprise indicates that the company performed better than expected during the reported period. It can be seen as a positive sign for investors, as it demonstrates the company's ability to generate profitability.
With 126.87 million shares outstanding, the current market capitalization of PLTR stands at 28.92 billion. The market capitalization reflects the total value of a company's outstanding shares and is an important metric for evaluating its overall worth in the market.
The recent success of the trading robot featured in Swing trader: Top High-Volatility Stocks (TA) at Tickeron's robot factory, delivering an 8.85% return for PLTR, coupled with the positive MACD signal, indicates a potential upward trend for the stock. The historical data showing a strong probability of continued upward movement further supports this notion, with a success rate of 88% in similar instances. Moreover, PLTR's recent earnings report highlights its ability to outperform expectations, adding another positive aspect to the company's overall performance.
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 .
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.
The 10-day moving average for PLTR crossed bearishly below the 50-day moving average on August 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PLTR's RSI Indicator exited the oversold zone, of 17 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLTR advanced for three days, in of 172 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.
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 (10.288) is normal, around the industry mean (21.049). P/E Ratio (294.118) is within average values for comparable stocks, (152.713). Projected Growth (PEG Ratio) (0.904) is also within normal values, averaging (2.638). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (14.970) is also within normal values, averaging (74.081).
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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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.