Confluent (CFLT) saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 68 to 77.
↑ XThis unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating of at least 80 as they begin their largest climbs. See if Confluent can continue to show renewed price strength and clear that threshold.
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Confluent is working on a consolidation with a 35.07 entry. See if it can break out in volume at least 40% higher than normal.
While the company's bottom line growth fell in the company's most recent performance report from 500% to 400%, sales rose 25%, up from 24% in the previous report.
The company 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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