Is PLTR overbought right now
6/5/2025 05:12pm
**Palantir (PLTR) does not appear to be overbought at the moment.** Here's the analysis to support this conclusion:
1. **RSI Indicator**: The Relative Strength Index (RSI) for PLTR is 60.08, which is considered neither overbought nor oversold. An RSI value above 70 would typically indicate that a stock is overbought, suggesting a potential price correction. Since the RSI is below 70, it does not signal an overbought condition.
|code|Ticker|Name|Date|bollinger upper band|Closing Price|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|---|
|PLTR|PLTR.O|Palantir|20250604|136.4326|130.01|60.0763|82.6944|-0.5628|185|
2. **MACD Indicator**: The Moving Average Convergence Divergence (MACD) is -0.56, which is not indicative of an overbought situation. The MACD indicator is used to identify changes in momentum. A negative value does not suggest that the stock is overbought.
3. **KDJ Indicator**: The KDJ indicator shows a value of 82.69, which is also below the overbought threshold of 90. This further supports the notion that PLTR is not currently overbought.
4. **Bollinger Bands**: The closing price of PLTR is $130.01, which is within the Bollinger Bands lower band of $124.79 and the upper band of $124.79. This indicates that the stock is trading within a normal range and does not suggest overbought conditions.
5. **Moving Averages**: The stock's price is currently above its 5-Day, 10-Day, and 20-Day moving averages, which is a bullish signal. This does not inherently suggest overbought conditions, as the price being above these averages can be part of a healthy uptrend.
|code|Ticker|Name|Date|Moving Average|market_code|
|---|---|---|---|---|---|
|PLTR|PLTR.O|Palantir|20250604|129.8640|185|
6. **Technical Analysis**: The technical analysis tool used in the abstract of the technical analysis article rates PLTR as a "buy", which does not indicate an overbought condition.
In conclusion, the current technical indicators do not suggest that Palantir is overbought. However, it's important to note that technical analysis should be used in conjunction with other forms of analysis, including fundamental analysis and market conditions, to make informed investment decisions.