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Stock Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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

Countertrend Up (+85) - CFLT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
30.91 31.50 30.04 30.59 -1.19
Entry Signal

MarketClub’s Trade Triangles for CFLT

long term up The long-term trend has been UP since Aug 5th, 2022 at 33.72

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2022 at 28.79

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 30.37

Smart Scan Analysis for CFLT

Based on our trend formula, CFLT is rated as a +85 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
30.91 31.50 30.04 30.59 -1.19
Prev. Close Volume Bid Ask Time
30.60 1392411 2022-08-17 15:59:43
52wk High94.9752wk High Date2021-11-05
52wk Low16.482852wk Low Date2022-05-24
Average Volume2,580,557Shares Outstanding281,948
P/E Ratio-19.56040000
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