Confluent Stock Joins Elite Club Of Stocks With RS Ratings Over 90

Confluent (CFLT) stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 89 to 93. The computer database firm debut on Jun. 24.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s unique RS Rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves.

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Is Confluent Stock A Buy?

Confluent stock is now considered extended and out of buy range after clearing a 58.09 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”


Earnings-per-share growth dropped last quarter from 0% to -250%, but sales rose from 51% to 64%. The computer database firm expected to report its latest results on or around Oct. 28.

Confluent stock holds the No. 11 rank among its peers in the Computer Software-Database industry group. Progress Software (PRGS), Workiva (WK) and Dropbox (DBX) are among the top 5 highly rated stocks within the group.


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