Confluent Sees RS Rating Rise To 75

Blockhead
12 Nov 2024

The Relative Strength (RS) Rating for Confluent (CFLT) moved up into a higher percentile Tuesday, as it got a lift from 69 to 75.

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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Confluent can continue to show renewed price strength and hit that benchmark.


How To Invest In Stocks In Both Bull And Bear Markets


Confluent is not currently near a potential buy zone. See if the stock goes on to form a chart pattern that could spark a new run.

Earnings growth decreased in the most recent quarter from 500% to 400%. But revenue moved higher, from 24% to 25%.

Confluent earns the No. 2 rank among its peers in the Computer Software-Database industry group. Commvault Systems (CVLT) is the No. 1-ranked stock within the group.

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