CONFLUENT INC-CLASS A (CFLT) Stock Technical Analysis
NASDAQ:CFLT - Nasdaq - US20717M1036 - Common Stock - Currency: USD
Overall CFLT gets a technical rating of 0 out of 10. CFLT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
89% of all other stocks performed better in the past year than CFLT.
CFLT is one of the lesser performing stocks in the Software industry. 74% of 282 stocks in the same industry do better.
CFLT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CFLT has a been trading in the 16.19 - 27.79 range, which is quite wide. It is currently trading near the lows of this range.
CFLT has an average volume of 7207190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of CFLT is bad and it also does not present a quality setup 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
16.17
34.64
We can see 4 important resistance areas.
- Resistance @17.24 from a horizontal line in the daily time frame.
- Resistance @26.43 from a trend line 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 | DOWN | NEGATIVE | The short term trend for CFLT is down. |
| ChartMill Relative Strength | 11.05 | NEGATIVE | CFLT has a low relative strength, it was outperformed by 88.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CFLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CFLT is below a declining 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) | 19.92 | OVERSOLD | The low RSI value suggests CFLT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests CFLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.6 | OVERSOLD | The low Stochastics value suggests CFLT may be oversold. |
| Average True Range in percent/ATR (20) | 7.95 | HIGH VOLATILITY | The high ATR as a percentage value for CFLT suggests high volalility. |
| Average Directional Index/ADX (14) | 35.21 | 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)
16.33
-0.6 (-3.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.54%
1 Week-5.06%
2 Weeks-40.29%
1 Month-32.41%
3 Month-20.92%
6 Month-45.6%
12 Month-19.64%
2 Year-50.65%
3 Year-40.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%7.95%
ATR Inc-29.75%
Range Today0.99
ADR(20)0.92
ADR(20)%5.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.05
Mansfield-3.99
10 Day High27.79
10 Day Low16.19
20 Day High27.79
20 Day Low16.19
52 Week High37.9
52 Week Low16.19
CS1 EndN/A
CR1 Start17.24
Volume & EV
DER(3)-2.18%
DER(5)0%
Volume11.23M
Volume Incr3.46%
Vol(5)9.33M
Vol(50)7.21M