On Thursday, Confluent stock received an upgrade to its Relative Strength (RS) Rating, from 70 to 78.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Confluent stock can continue to show renewed price strength and hit that benchmark.
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Is Confluent Stock A Buy?
Confluent stock is building a consolidation with a 35.07 buy point. See if the tech stock can break out in volume at least 40% higher than normal.
Earnings growth declined in the most recent quarter from 500% to 400%. But revenue moved higher, from 24% to 25%.
Confluent stock earns the No. 2 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the top-ranked stock within the group.
