CONFLUENT INC. - Weekly - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 30.73 USD
My targets
23.91 USD (-13.23%)
21.31 USD (-22.69%)
My analysis
The basic trend is currently slightly bearish on CONFLUENT INC. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 30.73 USD, sales could be favoured. The first bearish objective would be located at 23.91 USD. Sellers would then use the next support located at 21.31 USD as an objective. Crossing it would then enable sellers to target 17.84 USD. A return to above the resistance at 30.73 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CONFLUENT INC. rating is 27.56 USD. The price registered a decrease of -8.59% over 5 days with the lowest point at 27.33 USD and the highest point at 30.54 USD. The deviation from the price is +0.84% for the low point and -9.76% for the high point.27.33
30.54
27.56
Here is a more detailed summary of the historical variations registered by CONFLUENT INC.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of CONFLUENT INC. indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 17.84 | 27.56 | 34.27 | 59.98 | 77.36 |
| Change (%) | -35.27% | - | +24.35% | +117.63% | +180.70% |
| Change | -9.72 | - | +6.71 | +32.42 | +49.80 |
| Level | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.79 | 25.56 | 26.56 | 28.33 | 29.33 | 31.10 | 32.10 |
| Camarilla | 26.80 | 27.05 | 27.31 | 27.56 | 27.81 | 28.07 | 28.32 |
| Woodie | 23.41 | 25.37 | 26.18 | 28.14 | 28.95 | 30.91 | 31.72 |
| Fibonacci | 25.56 | 26.62 | 27.27 | 28.33 | 29.39 | 30.04 | 31.10 |
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): | 47.37 | |
| MACD (12,26,9): | 0.6200 | |
| Directional Movement: | -1.61 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 29.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.09 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 23.59 | |
| Zig ZAG (10): | 27.56 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 40.47 | |
| TEMA (21): | 30.21 | |
| Williams %R (14): | -87.84 | |
| Chande Momentum Oscillator (20): | -5.01 | |
| Repulse (5,40,3): | -14.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 5.19 |
| MA7: | 30.33 | |
| MA20: | 30.28 | |
| MA50: | 29.71 | |
| MA100: | 29.02 | |
| MAexp7: | 29.40 | |
| MAexp20: | 28.97 | |
| MAexp50: | 28.53 | |
| MAexp100: | 32.12 | |
| Price / MA7: | -9.13% | |
| Price / MA20: | -8.98% | |
| Price / MA50: | -7.24% | |
| Price / MA100: | -5.03% | |
| Price / MAexp7: | -6.26% | |
| Price / MAexp20: | -4.87% | |
| Price / MAexp50: | -3.40% | |
| Price / MAexp100: | -14.20% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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