CONFLUENT INC-CLASS A (CFLT)
US20717M1036 - Common Stock
Overall CFLT gets a technical rating of 8 out of 10. In the last year, CFLT was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, CFLT did better than 88% of all other stocks.
CFLT has an average volume of 4096670 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 67% of 280 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 27.61 - 34.08 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.
Besides having an excellent technical rating, CFLT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 29.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CFLT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.48
34.64
4 important support areas can be observed.
- A support zone ranging from 28.86 to 29.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.96 to 28.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.26 from a trend line in the weekly time frame.
- Support @18.67 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 33.43 to 33.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.30 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.74
Mansfield0.13
10 Day High30.31
10 Day Low27.61
20 Day High34.08
20 Day Low27.61
52 Week High35.07
52 Week Low17.79
Performance
1 Week3.25%
2 Weeks4.7%
1 Month-10.39%
3 Month34.19%
6 Month14.12%
12 Month33.71%
2 Year29.13%
3 Year-54.38%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.27
RSI(14)51.87
LBB27.42
UBB31.61
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 |
|---|---|---|---|
| 30.32 | 28.85 | 1.47 (4.85%) | 20.63% |
| An entry @30.32. This is a Buy Stop order right above the 10 day high. | An exit @28.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.47 points, which is 4.85%. | For a 1.00% total portfolio risk, you can invest 20.63% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CFLT. Please evaluate whether better entry and exit points can be found.
- 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.
CONFLUENT INC-CLASS A
NASDAQ:CFLT (1/6/2025, 6:20:28 PM)
After market: 29.7834 -0.05 (-0.16%)29.83
+0.57 (+1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.95%
1 Week3.25%
2 Weeks4.7%
1 Month-10.39%
3 Month34.19%
6 Month14.12%
12 Month33.71%
2 Year29.13%
3 Year-54.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.2
ATR(20)%4.11%
ATR Inc-17.3%
Range Today0.9
ADR(20)1.17
ADR(20)%3.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.74
Mansfield0.13
10 Day High30.31
10 Day Low27.61
20 Day High34.08
20 Day Low27.61
52 Week High35.07
52 Week Low17.79
CS1 End29.24
CR1 Start33.43
Volume & EV
DER(3)4.95%
DER(5)2.8%
Volume3.16M
Volume Incr-22.14%
Vol(5)2.65M
Vol(50)4.10M