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 130.07% per annum.
- PLTR price at the close of December 17, 2024 was $74.39 and was higher than the top border of the primary price channel by $15.55 (26.42%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,450.14% per annum.
- PLTR price at the close of December 17, 2024 was inside the secondary price channel.
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: August 29, 2022
End date: November 14, 2024
a = 0.2299
b = 0.0023
s = 0.1658
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 130.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1658) – 1
= 94.13%
August 29, 2022 calculations
Top border of price channel:
Exp(Y481)
= Exp(a + b × X481 + 2 × s)
= Exp(a + b × 698 + 2 × s)
= Exp(0.2299 + 0.0023 × 698 + 2 × 0.1658)
= Exp(2.1550)
= $8.63
Bottom border of price channel:
Exp(Y481)
= Exp(a + b × X481 – 2 × s)
= Exp(a + b × 698 – 2 × s)
= Exp(0.2299 + 0.0023 × 698 – 2 × 0.1658)
= Exp(1.4917)
= $4.44
November 14, 2024 calculations
Top border of price channel:
Exp(Y1,038)
= Exp(a + b × X1,038 + 2 × s)
= Exp(a + b × 1,506 + 2 × s)
= Exp(0.2299 + 0.0023 × 1,506 + 2 × 0.1658)
= Exp(3.9996)
= $54.57
Bottom border of price channel:
Exp(Y1,038)
= Exp(a + b × X1,038 – 2 × s)
= Exp(a + b × 1,506 – 2 × s)
= Exp(0.2299 + 0.0023 × 1,506 – 2 × 0.1658)
= Exp(3.3362)
= $28.11
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 130.07% per annum.
- PLTR price at the close of December 17, 2024 was $74.39 and was higher than the top border of the primary price channel by $15.55 (26.42%).
Secondary Trend
Start date: July 24, 2024
End date: December 17, 2024
a = -7.2741
b = 0.0075
s = 0.0777
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0075) – 1
= 1,450.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0777) – 1
= 36.47%
July 24, 2024 calculations
Top border of price channel:
Exp(Y958)
= Exp(a + b × X958 + 2 × s)
= Exp(a + b × 1,393 + 2 × s)
= Exp(-7.2741 + 0.0075 × 1,393 + 2 × 0.0777)
= Exp(3.3420)
= $28.28
Bottom border of price channel:
Exp(Y958)
= Exp(a + b × X958 – 2 × s)
= Exp(a + b × 1,393 – 2 × s)
= Exp(-7.2741 + 0.0075 × 1,393 – 2 × 0.0777)
= Exp(3.0310)
= $20.72
December 17, 2024 calculations
Top border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 + 2 × s)
= Exp(a + b × 1,539 + 2 × s)
= Exp(-7.2741 + 0.0075 × 1,539 + 2 × 0.0777)
= Exp(4.4384)
= $84.64
Bottom border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 – 2 × s)
= Exp(a + b × 1,539 – 2 × s)
= Exp(-7.2741 + 0.0075 × 1,539 – 2 × 0.0777)
= Exp(4.1274)
= $62.02
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,450.14% per annum.
- PLTR price at the close of December 17, 2024 was inside the secondary price channel.