CONFLUENT INC-CLASS A (CFLT) Stock Technical Analysis
NASDAQ:CFLT - Nasdaq - US20717M1036 - Common Stock - Currency: USD
Taking everything into account, CFLT scores 0 out of 10 in our technical rating. CFLT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CFLT is a bad performer in the overall market: 86% of all stocks are doing better.
CFLT is one of the lesser performing stocks in the Software industry. 71% of 282 stocks in the same industry do better.
CFLT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CFLT is lagging the market.
CFLT has an average volume of 5780180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CFLT has a been trading in the 19.10 - 24.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CFLT has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
19.09
34.82
2 important support areas can be observed.
- Support @19.90 from a trend line in the weekly time frame.
- A support zone ranging from 19.28 to 19.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 21.93 to 22.27. 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 22.76 to 22.80. 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 24.13 to 24.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.30 to 34.48. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for CFLT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CFLT is down. |
| ChartMill Relative Strength | 14.63 | NEGATIVE | CFLT has a low relative strength, it was outperformed by 85.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CFLT is above 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) | UP | MIXED | The current price of CFLT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.29 | NEUTRAL | The RSI value for CFLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CFLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.67 | NEUTRAL | The Stochastics value for CFLT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CFLT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.62 | NEGATIVE | The low ADX value for CFLT suggests a weak or negative 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)
21.84
-0.05 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.23%
1 Week-3.11%
2 Weeks5.76%
1 Month-9.49%
3 Month-29.57%
6 Month-30.71%
12 Month-27.56%
2 Year-31.19%
3 Year3.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%4.98%
ATR Inc3.16%
Range Today0.88
ADR(20)0.89
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.63
Mansfield-1.54
10 Day High23.66
10 Day Low20.95
20 Day High24.5
20 Day Low19.1
52 Week High37.9
52 Week Low17.79
CS1 End19.9
CR1 Start21.93
Volume & EV
DER(3)0.16%
DER(5)1.12%
Volume3.48M
Volume Incr-29.42%
Vol(5)5.08M
Vol(50)5.78M