Confluent stock had its Relative Strength (RS) Rating upgraded from 79 to 82 Tuesday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Is Confluent Stock A Buy?
Now is not an ideal time to jump in Confluent stock since it isn't near a proper buy zone and the market is in correction, but see if the stock manages to establish and enter a buy zone in heavy trade when the market trend turns up.
The computer software firm posted 0% EPS growth last quarter. Revenue increased 36%. The next quarterly numbers are expected on or around Nov. 1.
Confluent stock earns the No. 14 rank among its peers in the Computer Software-Database industry group. MongoDB and Splunk are also among the group's highest-rated stocks.
