Volatility Squeeze in Palantir
Palantir fell a month ago. Now, after a period of consolidation, some traders may look for the software stock to recover.
The first pattern on today’s chart is the tight volatility squeeze, illustrated by Bollinger Bandwidth in the lower study. Will the narrow price action be followed by a period of expansion?
Second is Tuesday’s last price of $22.10. It was the highest close since May 7, when PLTR dropped after earnings. That may suggest buyers are getting more interested in the name.
Third, a series of higher weekly closes may also reflect bullish sentiment.
Finally, PLTR has hugged its rising 100-day simple moving average since late April. The 8-day exponential moving average (EMA) is also nearing a potential cross above the 21-day EMA. Those patterns may indicate positive trends over the short and longer terms.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at https://www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on https://www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit [url =tradestation.com/DisclosureTSCompanies] TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
The first pattern on today’s chart is the tight volatility squeeze, illustrated by Bollinger Bandwidth in the lower study. Will the narrow price action be followed by a period of expansion?
Second is Tuesday’s last price of $22.10. It was the highest close since May 7, when PLTR dropped after earnings. That may suggest buyers are getting more interested in the name.
Third, a series of higher weekly closes may also reflect bullish sentiment.
Finally, PLTR has hugged its rising 100-day simple moving average since late April. The 8-day exponential moving average (EMA) is also nearing a potential cross above the 21-day EMA. Those patterns may indicate positive trends over the short and longer terms.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at https://www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on https://www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit [url =tradestation.com/DisclosureTSCompanies] TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
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