Stock Price Trends

Palantir Technologies Inc. Class A Common Stock (PLTR) 

Palantir Technologies Inc. creates and implements software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company is headquartered in Denver, Colorado.

Stock Price Trends

Stock price trends estimated using linear regression.

Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 155.32% per annum.
  • PLTR price at the close of February 14, 2025 was $119.16 and was higher than the top border of the primary price channel by $32.70 (37.82%).
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 768.16% per annum.
  • PLTR price at the close of February 14, 2025 was higher than the top border of the secondary price channel by $0.66 (0.55%).

Linear Regression Model

Model equation:
Yi = α + β × Xi + εi

Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)

Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)

where:

i - observation number
Yi - natural logarithm of PLTR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e


Primary Trend

Start date: September 1, 2022
End date: February 3, 2025

a = -0.0524

b = 0.0026

s = 0.2042

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 155.32%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.2042) – 1
= 126.28%

September 1, 2022 calculations

Top border of price channel:

Exp(Y484)
= Exp(a + b × X484 + 2 × s)
= Exp(a + b × 701 + 2 × s)
= Exp(-0.0524 + 0.0026 × 701 + 2 × 0.2042)
= Exp(2.1561)
= $8.64

Bottom border of price channel:

Exp(Y484)
= Exp(a + b × X484 – 2 × s)
= Exp(a + b × 701 – 2 × s)
= Exp(-0.0524 + 0.0026 × 701 – 2 × 0.2042)
= Exp(1.3395)
= $3.82

February 3, 2025 calculations

Top border of price channel:

Exp(Y1,090)
= Exp(a + b × X1,090 + 2 × s)
= Exp(a + b × 1,587 + 2 × s)
= Exp(-0.0524 + 0.0026 × 1,587 + 2 × 0.2042)
= Exp(4.4314)
= $84.05

Bottom border of price channel:

Exp(Y1,090)
= Exp(a + b × X1,090 – 2 × s)
= Exp(a + b × 1,587 – 2 × s)
= Exp(-0.0524 + 0.0026 × 1,587 – 2 × 0.2042)
= Exp(3.6148)
= $37.14

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 155.32% per annum.
  • PLTR price at the close of February 14, 2025 was $119.16 and was higher than the top border of the primary price channel by $32.70 (37.82%).

Secondary Trend

Start date: May 10, 2024
End date: February 14, 2025

a = -4.9052

b = 0.0059

s = 0.1091

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0059) – 1
= 768.16%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1091) – 1
= 54.71%

May 10, 2024 calculations

Top border of price channel:

Exp(Y908)
= Exp(a + b × X908 + 2 × s)
= Exp(a + b × 1,318 + 2 × s)
= Exp(-4.9052 + 0.0059 × 1,318 + 2 × 0.1091)
= Exp(3.1170)
= $22.58

Bottom border of price channel:

Exp(Y908)
= Exp(a + b × X908 – 2 × s)
= Exp(a + b × 1,318 – 2 × s)
= Exp(-4.9052 + 0.0059 × 1,318 – 2 × 0.1091)
= Exp(2.6806)
= $14.59

February 14, 2025 calculations

Top border of price channel:

Exp(Y1,099)
= Exp(a + b × X1,099 + 2 × s)
= Exp(a + b × 1,598 + 2 × s)
= Exp(-4.9052 + 0.0059 × 1,598 + 2 × 0.1091)
= Exp(4.7749)
= $118.50

Bottom border of price channel:

Exp(Y1,099)
= Exp(a + b × X1,099 – 2 × s)
= Exp(a + b × 1,598 – 2 × s)
= Exp(-4.9052 + 0.0059 × 1,598 – 2 × 0.1091)
= Exp(4.3386)
= $76.60

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 768.16% per annum.
  • PLTR price at the close of February 14, 2025 was higher than the top border of the secondary price channel by $0.66 (0.55%).