Confluent Enters the Stream Processing Market - Idea 20/03/24
Software development company Confluent Inc. has introduced a new solution for stream data processing. This is a promising direction for real-time information processing, and Confluent aims to capture a significant share of this future key IT segment.
Confluent has unveiled a new product called Tableflow, which integrates data analysis and streaming operations. This tool enables the transformation of streaming data into Apache Iceberg tables, a standard data storage format for large-scale analytics. These tables can be stored later and processed in data lakes (general repositories where an organisation's working data accumulates) and various analytical systems. Confluent promises virtually fail-safe operation of Tableflow.
Let's analyse the stock chart of Confluent Inc. (CFLT) for potential trading opportunities.
On the D1 timeframe, a support level was formed at 30.40, while resistance was established at 32.02. The upward trend is slightly slowing down, and a relatively narrow channel has formed between resistance and support. Volume accumulation is likely taking place for further price growth.
On the H1 timeframe, long positions might be interesting if the price breaks through the level of 32.02, with a short-term target set at 41.26. In the medium term, a long position could be held until 50.99.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Confluent has unveiled a new product called Tableflow, which integrates data analysis and streaming operations. This tool enables the transformation of streaming data into Apache Iceberg tables, a standard data storage format for large-scale analytics. These tables can be stored later and processed in data lakes (general repositories where an organisation's working data accumulates) and various analytical systems. Confluent promises virtually fail-safe operation of Tableflow.
Let's analyse the stock chart of Confluent Inc. (CFLT) for potential trading opportunities.
On the D1 timeframe, a support level was formed at 30.40, while resistance was established at 32.02. The upward trend is slightly slowing down, and a relatively narrow channel has formed between resistance and support. Volume accumulation is likely taking place for further price growth.
On the H1 timeframe, long positions might be interesting if the price breaks through the level of 32.02, with a short-term target set at 41.26. In the medium term, a long position could be held until 50.99.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
