The Relative Strength (RS) Rating for Confluent stock moved into a higher percentile Wednesday, as it got a lift from 67 to 75.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Confluent stock can continue to rebound and hit that benchmark.
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Is Confluent Stock A Buy?
Confluent stock reclaimed its 200-day moving average but it's still trading below its 50-day line. The tech stock is not currently near a potential buying area. See if the stock goes on to build a base that could kick off a new price move.
The computer software company showed 0% earnings growth in its most recent report, while sales growth came in at 26%. Keep an eye out for the company's next round of numbers on or around May 7.
Confluent stock holds the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the No. 1-ranked stock within the group.
