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CFLT
Stock ticker:
NASDAQ
AS OF
Aug 5 closing price
Price
$33.73
Change
+$1.39 (+4.30%)
Capitalization
9.51B

CFLT Confluent Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

Momentum Indicator for CFLT turns positive, indicating new upward trend

CFLT saw its Momentum Indicator move above the 0 level on July 28, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 10 similar instances where the indicator turned positive. In 9 of the 10 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for CFLT just turned positive on August 02, 2022. Looking at past instances where CFLT's MACD turned positive, the stock continued to rise in of 8 cases over the following month. The odds of a continued upward trend are .

CFLT moved above its 50-day moving average on July 01, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CFLT crossed bullishly above the 50-day moving average on July 05, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 1 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CFLT advanced for three days, in of 69 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 39 cases where CFLT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CFLT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CFLT broke above its upper Bollinger Band on August 03, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CFLT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.933) is normal, around the industry mean (29.264). P/E Ratio (0.000) is within average values for comparable stocks, (141.552). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.678). Dividend Yield (0.000) settles around the average of (0.032) among similar stocks. P/S Ratio (18.622) is also within normal values, averaging (112.718).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CFLT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

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CFLT
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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A.I. Advisor
published Earnings

CFLT is expected to report earnings to rise 18.81% to -19 cents per share on November 03

Confluent CFLT Stock Earnings Reports
Q3'22
Est.
$-0.19
Q2'22
Beat
by $0.03
Q1'22
Beat
by $0.03
Q4'21
Beat
by $0.03
Q3'21
Beat
by $0.06
The last earnings report on August 03 showed earnings per share of -15 cents, beating the estimate of -19 cents. With 4.08M shares outstanding, the current market capitalization sits at 9.51B.
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A.I. Advisor
published General Information

General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
899 West Evelyn Avenue
Phone
+1 800 439-3207
Employees
1981
Web
https://www.confluent.io

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CFLT and

Correlation & Price change

A.I.dvisor indicates that over the last year, CFLT has been closely correlated with CDAY. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if CFLT jumps, then CDAY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CFLT
1D Price
Change %
CFLT100%
+4.30%
CDAY - CFLT
72%
Closely correlated
+0.25%
MDB - CFLT
72%
Closely correlated
+4.68%
SNOW - CFLT
72%
Closely correlated
+2.97%
NET - CFLT
71%
Closely correlated
+27.06%
NOW - CFLT
70%
Closely correlated
+0.38%
More