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The Chart of the Day belongs to the software developer Confluent (CFLT). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 5/18 the stock gained 34.92%.

(Click on image to enlarge)

CFLT Price vs Daily Moving Averages

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company offers Confluent Cloud, a managed cloud-native service for connecting and processing real-time data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data. It also provides Kafka Connect, an open-source component that works as a centralized data hub for simple data integration between databases, key-value stores, search indexes, and file systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of Apache Kafka without bypassing requirements for risk management and regulatory compliance. In addition, the company offers training and professional services. It serves automotive, communication, financial services, gaming, government, insurance, manufacturing, retail and ecommerce, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

• 100% technical buy signals
• 89.23+Weighted Alpha
• 105.45% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 17 new highs and up 61.88% in the last month
• Relative Strength Index 74.70%
• The technical support level at $35.87
• Recently traded at $37.05 with a 50-day moving average of $26.46
   

Fundamental Factors:

• Market Cap $10.90 billion
• Revenue is projected to grow 30.20% this year and another 27.80% next year
• Earnings are estimated to increase 70.70% this year, an additional 164.00% next year, and continue to compound at an annual rate of 100.10% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 14 strong buy, 1 buy, and 7 hold opinion on the stock
• Analysts price targets are between $24 and $45
• The individual investors on Motley Fool voted 99 to 2 for the stock to beat the market with the more experienced investors voting 11 to 1 for the same result
• Value Line rates the stock an average rating of 3
• CFRAs MarketScope rates it a sell
• 8,900 investors monitor the stock on Seeking Alpha

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