CONFLUENT INC-CLASS A (CFLT) Technical Analysis
NASDAQ:CFLT • US20717M1036
Current stock price
CFLT Technical Rating and Analysis
Overall CFLT gets a technical rating of 7 out of 10. Although CFLT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- CFLT is one of the better performing stocks in the Software industry, it outperforms 86% of 272 stocks in the same industry.
- CFLT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CFLT has an average volume of 13445900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CFLT is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month CFLT has a been trading in a tight range between 30.56 and 31.00.
CFLT Weekly and Daily overview Charts
CFLT Setup Rating and Analysis
Although CFLT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CFLT Support and Resistance Analysis
24.64
3 important support areas can be observed.
- A support zone ranging from 29.78 to 30.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.72 to 25.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.89 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.00 to 31.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
CFLT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CFLT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFLT is up. |
| ChartMill Relative Strength | 74.38 | POSITIVE | CFLT has a high relative strength, it outperformed 74.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CFLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CFLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CFLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.35 | OVERBOUGHT | The high RSI value suggests CFLT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CFLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.87 | NEUTRAL | The Stochastics value for CFLT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for CFLT suggests low volalility. |
| Average Directional Index/ADX (14) | 35.58 | POSITIVE | The high ADX value value for CFLT suggests a strong trend. |
CFLT Chart- and CandleStick Pattern Analysis
CFLT Technicals: Chart, Performance Metrics, Trend & Indicators
30.99
+0.32 (+1.04%)
CONFLUENT INC-CLASS A / CFLT TA FAQ
What is the technical rating for CFLT stock?
ChartMill assigns a technical rating of 7 / 10 to CFLT.
What is the trend direction for CFLT stock?
The current trend direction for CONFLUENT INC-CLASS A (CFLT) is Bullish.
Can you provide the RSI signal for CONFLUENT INC-CLASS A?
CONFLUENT INC-CLASS A (CFLT) has an RSI value of 73.354. This indicates that the stock is currently overbought.
Can you provide the short term momentum for CONFLUENT INC-CLASS A?
The short term momentum for CONFLUENT INC-CLASS A (CFLT) is positive.
What are the support and resistance levels for CONFLUENT INC-CLASS A (CFLT) stock?
CONFLUENT INC-CLASS A (CFLT) has a support level at 30.76 and a resistance level at 31. Check the full technical report for our detailed analysis of CFLT support and resistance levels.