CONFLUENT INC-CLASS A (CFLT) Stock Technical Analysis
NASDAQ:CFLT - Nasdaq - US20717M1036 - Common Stock - Currency: USD
Overall CFLT gets a technical rating of 5 out of 10. Although CFLT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, CFLT is a bad performer in the overall market: 62% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
CFLT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CFLT is lagging the market slightly.
In the last month CFLT has a been trading in the 26.04 - 32.10 range, which is quite wide. It is currently trading near the high of this range.
CFLT has an average volume of 3866110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CFLT is part of the Software industry. There are 283 other stocks in this industry, CFLT did better than 43% of them.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CFLT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.96, a Stop Loss order could be placed below this zone.
More info and screens
20.27
34.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.39 to 28.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.94 from a trend line in the weekly time frame.
- A support zone ranging from 26.70 to 26.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.47 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 33.20 to 33.67. 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
CRS38.52
Mansfield0.18
10 Day High31.92
10 Day Low28.25
20 Day High32.1
20 Day Low26.04
52 Week High35.07
52 Week Low17.79
Performance
1 Week3.19%
2 Weeks-3.4%
1 Month11.69%
3 Month11.19%
6 Month36.88%
12 Month-11.37%
2 Year23.41%
3 Year-29.66%
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)0.21
RSI(14)54.36
LBB27.97
UBB31.37
CONFLUENT INC-CLASS A
NASDAQ:CFLT (2/11/2025, 8:11:51 PM)
Premarket: 33.61 +3.51 (+11.66%)30.1
-1.36 (-4.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.32%
1 Week3.19%
2 Weeks-3.4%
1 Month11.69%
3 Month11.19%
6 Month36.88%
12 Month-11.37%
2 Year23.41%
3 Year-29.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%4.75%
ATR Inc22.17%
Range Today1.68
ADR(20)1.32
ADR(20)%4.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.52
Mansfield0.18
10 Day High31.92
10 Day Low28.25
20 Day High32.1
20 Day Low26.04
52 Week High35.07
52 Week Low17.79
CS1 End28.96
CR1 Start33.2
Volume & EV
DER(3)-2.34%
DER(5)0.34%
Volume10.98M
Volume Incr48.82%
Vol(5)6.08M
Vol(50)3.87M