Overall CFLT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CFLT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- CFLT is part of the Software industry. There are 276 other stocks in this industry. CFLT outperforms 89% of them.
- CFLT has an average volume of 12326600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CFLT did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
- In the last month CFLT has a been trading in a tight range between 29.95 and 30.63.
Although CFLT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
21.95
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.95 to 30.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.08 to 23.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.17 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @30.57 from a horizontal line in the daily time frame.
- Resistance @34.30 from a horizontal line in the weekly time frame.
- Resistance @34.86 from a horizontal line in the weekly time frame.
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 | 85.07 | POSITIVE | CFLT has a high relative strength, it outperformed 85.07% 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) | 76.5 | OVERBOUGHT | The high RSI value suggests CFLT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CFLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.93 | OVERBOUGHT | The high Stochastics value suggests CFLT may be overbought. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for CFLT suggests low volalility. |
| Average Directional Index/ADX (14) | 56.53 | POSITIVE | The high ADX value value for CFLT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.58 | 30.11 | 0.47 (1.54%) | 25.00% |
| An entry @30.58. This is a Buy Stop order right above the resistance zone. | An exit @30.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.47 points, which is 1.54%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
30.53
0 (0%)
CONFLUENT INC-CLASS A / CFLT FAQ
What is the technical rating for CFLT stock?
ChartMill assigns a technical rating of 9 / 10 to CFLT.
What is the trend direction for CFLT stock?
The current trend direction for CONFLUENT INC-CLASS A (CFLT) is Bullish.
What is the RSI signal for CONFLUENT INC-CLASS A (CFLT) stock?
CONFLUENT INC-CLASS A (CFLT) has an RSI value of 76.5. This indicates that the stock is currently overbought.
What is the MACD signal for CFLT stock?
The MACD indicator for CONFLUENT INC-CLASS A (CFLT) has a value of -0.217699, indicating a bearish trend.
What is the buy/sell signal for CONFLUENT INC-CLASS A (CFLT) stock?
The buy/sell signal for CONFLUENT INC-CLASS A (CFLT) is buy as both the short term and long term trends are positive.