CONFLUENT INC-CLASS A (CFLT)

US20717M1036 - Common Stock

30.46  +0.25 (+0.83%)

Technical Rating and Analysis

7

Overall CFLT gets a technical rating of 7 out of 10. In the last year, CFLT was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month CFLT has a been trading in the 30.07 - 35.07 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CFLT is one of the better performing stocks in the Software industry, it outperforms 75% of 279 stocks in the same industry.
CFLT has an average volume of 5880610 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 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CFLT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CFLT is lagging the market.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
CFLT Weekly chart
CFLT Daily chart
Setup Rating and Analysis

4

CFLT has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

18.01

34.89

4 important support areas can be observed.

  • A support zone ranging from 30.20 to 30.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 26.30 to 26.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @25.35 from a trend line in the daily time frame.
  • Support @18.19 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 30.95 to 31.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 33.88 to 34.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.01
Mansfield-0.84
10 Day High33.11
10 Day Low30.07
20 Day High35.07
20 Day Low30.07
52 Week High41.22
52 Week Low14.69
Performance
1 Week-5.59%
2 Weeks-4.52%
1 Month-7.98%
3 Month29.1%
6 Month2.03%
12 Month25.51%
2 Year-26.32%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.41
RSI(14)44.18
LBB30.18
UBB32.56
CFLT Daily chart

CONFLUENT INC-CLASS A

NASDAQ:CFLT (3/28/2024, 9:42:10 AM)

30.46

+0.25 (+0.83%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.83%
1 Week-5.59%
2 Weeks-4.52%
1 Month-7.98%
3 Month29.1%
6 Month2.03%
12 Month25.51%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.16
ATR(20)%4.24%
ATR Inc
Range Today0.38
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High33.11
10 Day Low30.07
20 Day High35.07
20 Day Low30.07
52 Week High41.22
52 Week Low14.69
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume80.11K
Volume Incr-34.22%
Vol(5)3.31M
Vol(50)5.88M