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Stock Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Confluent, Inc. - Class A (NASDAQ:CFLT)

Bear Market Rally (-75) - CFLT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CFLT as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CFLT?

MarketClub looks at technical strength and momentum to determine if the timing is right for CFLT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low CFLT Price Change
27.84 28.00 27.46 27.78 -0.07
Entry Signal

MarketClub’s Trade Triangles for CFLT

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 25.55

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 27.41

short term up The short-term trend has been UP since Jun 12th, 2024 at 26.47

Smart Scan Analysis for CFLT

Based on our trend formula, CFLT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CFLT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.84 28.00 27.46 27.78 -0.07
Prev. Close Volume Bid Ask Time
27.77 2399409 2024-06-14 15:59:59
52wk High41.223552wk High Date2023-07-19
52wk Low14.6952wk Low Date2023-11-02
Average Volume3,200,127Shares Outstanding333,181
P/E Ratio-16.53700000
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