CONFLUENT INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	CFLT
ISIN:

CONFLUENT INC. - Weekly - Technical analysis published on 05/30/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

39%

11%

50%

My opinion

Bullish above 26.02 USD

My targets

34.27 USD (+14.23%)

35.44 USD (+18.12%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CONFLUENT INC.. This is a positive signal for buyers. As long as the price remains above 26.02 USD, a purchase could be considered. The first bullish objective is located at 34.27 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.44 USD as an objective. Crossing it would then enable buyers to target 59.98 USD. In the event of a return below 26.02 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CONFLUENT INC. price is 30.00 USD. The price is lower by -3.23% over the 5 days and was traded between 29.79 USD and 30.39 USD over the period. The price is currently at +0.70% from its lowest point and -1.28% from its highest point.

29.79

30.39

30.00

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Weekly of this CONFLUENT INC. chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	17.84	30.00	34.27	59.98	77.36
Change (%)	-40.53%	-	+14.23%	+99.93%	+157.87%
Change	-12.16	-	+4.27	+29.98	+47.36
Level	Intermediate	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.43	28.91	29.58	30.06	30.73	31.21	31.88
Camarilla	29.93	30.04	30.15	30.25	30.36	30.46	30.57
Woodie	28.53	28.96	29.68	30.11	30.83	31.26	31.98
Fibonacci	28.91	29.35	29.62	30.06	30.50	30.77	31.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.82	28.45	29.30	30.93	31.78	33.41	34.26
Camarilla	29.47	29.70	29.92	30.15	30.38	30.61	30.83
Woodie	26.43	28.26	28.91	30.74	31.39	33.22	33.87
Fibonacci	28.45	29.40	29.98	30.93	31.88	32.46	33.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.31	23.91	26.02	28.62	30.73	33.33	35.44
Camarilla	26.83	27.26	27.69	28.12	28.55	28.98	29.42
Woodie	21.06	23.79	25.77	28.50	30.48	33.21	35.19
Fibonacci	23.91	25.71	26.82	28.62	30.42	31.53	33.33

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.51
MACD (12,26,9):	0.8400
Directional Movement:	3.28
AROON (14):	-42.85
DEMA (21):	30.28
Parabolic SAR (0,02-0,02-0,2):	34.09
Elder Ray (13):	0.27
Super Trend (3,10):	23.59
Zig ZAG (10):	30.25
VORTEX (21):	1.1300
Stochastique (14,3,5):	50.96
TEMA (21):	30.88
Williams %R (14):	-56.37
Chande Momentum Oscillator (20):	-2.32
Repulse (5,40,3):	0.1500
ROCnROLL:	1
TRIX (15,9):	0.4500
Courbe Coppock:	8.25

MA7:	30.96
MA20:	30.31
MA50:	29.79
MA100:	28.97
MAexp7:	30.07
MAexp20:	29.23
MAexp50:	28.64
MAexp100:	32.17
Price / MA7:	-3.10%
Price / MA20:	-1.02%
Price / MA50:	+0.70%
Price / MA100:	+3.56%
Price / MAexp7:	-0.23%
Price / MAexp20:	+2.63%
Price / MAexp50:	+4.75%
Price / MAexp100:	-6.75%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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