CONFLUENT INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CFLT
ISIN:

CONFLUENT INC. - Daily - Technical analysis published on 05/31/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 30.73 USD

My targets

25.72 USD (-6.68%)

23.91 USD (-13.23%)

My analysis

The strong short-term decline of CONFLUENT INC. reinforces the current slightly bearish trend. As long as the price remains below 30.73 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 25.72 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.91 USD as an objective. Crossing it would then enable sellers to target 21.55 USD. A return to above 30.73 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.6

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. rating is 27.56 USD. On the day, this instrument lost -8.89% with the lowest point at 27.33 USD and the highest point at 30.10 USD. The deviation from the price is +0.84% for the low point and -8.44% for the high point.

27.33

30.10

27.56

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

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CONFLUENT INC. in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.84	21.55	25.72	27.56	27.83	32.13	34.27
Change (%)	-35.27%	-21.81%	-6.68%	-	+0.98%	+16.58%	+24.35%
Change	-9.72	-6.01	-1.84	-	+0.27	+4.57	+6.71
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	Major

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):	37.78
MACD (12,26,9):	0.0900
Directional Movement:	-11.34
AROON (14):	-28.57
DEMA (21):	30.36
Parabolic SAR (0,02-0,02-0,2):	32.38
Elder Ray (13):	-1.48
Super Trend (3,10):	32.80
Zig ZAG (10):	27.56
VORTEX (21):	0.9000
Stochastique (14,3,5):	25.60
TEMA (21):	30.35
Williams %R (14):	-95.60
Chande Momentum Oscillator (20):	-2.40
Repulse (5,40,3):	-12.0200
ROCnROLL:	2
TRIX (15,9):	0.2100
Courbe Coppock:	4.88

MA7:	30.33
MA20:	30.28
MA50:	29.71
MA100:	29.02
MAexp7:	29.87
MAexp20:	30.15
MAexp50:	29.82
MAexp100:	29.22
Price / MA7:	-9.13%
Price / MA20:	-8.98%
Price / MA50:	-7.24%
Price / MA100:	-5.03%
Price / MAexp7:	-7.73%
Price / MAexp20:	-8.59%
Price / MAexp50:	-7.58%
Price / MAexp100:	-5.68%

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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