Confluent Inc (CFLT) Stock: What Does the Chart Say Thursday?

Confluent Inc (CFLT) stock has gained 9.95% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Confluent Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CFLT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CFLT Stock Today?

Confluent Inc (CFLT) stock is trading at $21.10 as of 1:18 PM on Thursday, Nov 30, a loss of -$0.12, or -0.57% from the previous closing price of $21.22. The stock has traded between $20.97 and $21.99 so far today. Volume today is light. So far 2,858,362 shares have traded compared to average volume of 7,498,603 shares. To screen for more stocks like Confluent Inc click here.

More About Confluent Inc

Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company generates revenue from the sale of subscriptions and services. Click Here to get the full Stock Report for Confluent Inc stock.