CONFLUENT INC-CLASS A (CFLT) Stock Technical Analysis
USA - NASDAQ:CFLT - US20717M1036 - Common Stock
22.43 USD
-0.1 (-0.44%)
22.5752 USD
+0.15 (+0.65%)
Overall CFLT gets a technical rating of 5 out of 10. In the past year, CFLT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
74% of all other stocks performed better in the past year than CFLT.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CFLT has an average volume of 8078840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CFLT is an average performer in the Software industry, it outperforms 50% of 282 stocks in the same industry.
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 the 19.11 - 24.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CFLT has an average technical rating and the quality of the presented setup is also 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
19.05
34.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.92 to 21.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.00 from a trend line in the daily time frame.
- A support zone ranging from 19.24 to 19.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 22.48 to 22.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.44 to 23.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.08 to 24.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @27.30 from a horizontal line in the daily time frame.
- Resistance @34.30 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 | NEUTRAL | NEUTRAL | The long term trend for CFLT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFLT is up. |
| ChartMill Relative Strength | 26.08 | NEGATIVE | CFLT has a low relative strength, it was outperformed by 73.92% 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) | DOWN | NEGATIVE | The current price of CFLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.9 | NEUTRAL | The RSI value for CFLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CFLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.12 | NEUTRAL | The Stochastics value for CFLT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for CFLT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.21 | POSITIVE | The high ADX value value for CFLT suggests a strong trend. |
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)
22.43
-0.1 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.44%
1 Week-1.36%
2 Weeks10.49%
1 Month11.87%
3 Month-11.62%
6 Month6.05%
12 Month-0.09%
2 Year-22.41%
3 Year-16.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.26
ATR(20)%5.03%
ATR Inc-19.43%
Range Today0.55
ADR(20)1.04
ADR(20)%4.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.08
Mansfield-1.84
10 Day High24.14
10 Day Low20.12
20 Day High24.14
20 Day Low19.11
52 Week High37.9
52 Week Low15.64
CS1 End21.21
CR1 Start22.48
Volume & EV
DER(3)0.56%
DER(5)0.12%
Volume3.54M
Volume Incr-41.53%
Vol(5)4.95M
Vol(50)8.08M