Technical Analysis for CFLT - Confluent, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 28.54 | -3.35% | -0.99 |
CFLT closed down 3.35 percent on Monday, July 1, 2024, on 72 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Cup with Handle | Other | -3.35% | |
| Stochastic Reached Overbought | Strength | -3.35% | |
| Multiple of Ten Bearish | Other | -3.35% | |
| Above Upper BB | Strength | -3.35% | |
| Overbought Stochastic | Strength | -3.35% | |
| Upper Bollinger Band Touch | Strength | -3.35% |
| Alert | Time |
|---|---|
| 50 DMA Support | about 10 hours ago |
| Down 5% | about 10 hours ago |
| Down 1 ATR | about 10 hours ago |
| Down 3% | about 10 hours ago |
| Fell Below 50 DMA | about 11 hours ago |
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- Earnings date: 07/31/2024
Confluent is pioneering a fundamentally new category of data infrastructure focused on data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion – designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organization. With Confluent, organizations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations.
Sector: Technology
Industry: Software - Infrastructure
Keywords: Cloud Computing Cloud Infrastructure Data
Classification
Sector: Technology
Industry: Software - Infrastructure
Keywords: Cloud Computing Cloud Infrastructure Data
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 41.2235 |
| 52 Week Low | 14.69 |
| Average Volume | 3,754,603 |
| 200-Day Moving Average | 27.24 |
| 50-Day Moving Average | 28.63 |
| 20-Day Moving Average | 27.22 |
| 10-Day Moving Average | 27.93 |
| Average True Range | 1.16 |
| RSI (14) | 52.83 |
| ADX | 14.51 |
| +DI | 27.19 |
| -DI | 23.30 |
| Chandelier Exit (Long, 3 ATRs) | 26.62 |
| Chandelier Exit (Short, 3 ATRs) | 28.99 |
| Upper Bollinger Bands | 29.54 |
| Lower Bollinger Band | 24.90 |
| Percent B (%b) | 0.79 |
| BandWidth | 17.01 |
| MACD Line | -0.02 |
| MACD Signal Line | -0.34 |
| MACD Histogram | 0.3209 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 30.85 | ||||
| Resistance 3 (R3) | 30.94 | 30.25 | 30.47 | ||
| Resistance 2 (R2) | 30.25 | 29.67 | 30.21 | 30.34 | |
| Resistance 1 (R1) | 29.40 | 29.30 | 29.06 | 29.31 | 30.21 |
| Pivot Point | 28.71 | 28.71 | 28.54 | 28.67 | 28.71 |
| Support 1 (S1) | 27.86 | 28.13 | 27.52 | 27.77 | 26.87 |
| Support 2 (S2) | 27.17 | 27.76 | 27.13 | 26.74 | |
| Support 3 (S3) | 26.32 | 27.17 | 26.62 | ||
| Support 4 (S4) | 26.23 |
