CONFLUENT INC-CLASS A (CFLT) Technical Analysis
NASDAQ:CFLT • US20717M1036
Current stock price
CFLT Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to CFLT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CFLT is only an average performer.
- The long and short term trends are both positive. This is looking good!
- CFLT is part of the Software industry. There are 278 other stocks in this industry. CFLT outperforms 85% of them.
- A new 52 week high is currently being made by CFLT, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CFLT is leading 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 72% 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
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice one important 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 | 72.5 | POSITIVE | CFLT has a high relative strength, it outperformed 72.5% 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.
What is the RSI signal for CONFLUENT INC-CLASS A (CFLT) stock?
CONFLUENT INC-CLASS A (CFLT) has an RSI value of 73.354. 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 -0.0165324, 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.