Investment analysts at JPMorgan have upgraded Riot Platforms Inc.'s stock rating from "Neutral" to "Overweight" and set a target price of 15.00 USD. This adjustment is based on the anticipated significant growth in Riot Platforms' hash rate, a key performance indicator in the cryptocurrency mining industry.
Riot currently operates with a hash rate of 12.4 EH/s...
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....
Technology company Confluent Inc. announced a new solution for migrating data streaming services called "Confluent Migration Accelerator." This program allows the abandonment of the commonly used open-source Apache Kafka solution.
Apache Kafka is widely utilised by over 100,000 organisations worldwide, including most Fortune 500 companies. If successful,...
Shares of Confluent (NASDAQ: NASDAQ:CFLT ) skyrocketed on Thursday, igniting a fervor among investors as the company's quarterly financial report surpassed even the loftiest expectations. With a remarkable surge of 35.4%, the stock exemplified the resilience and potential of Confluent in the data streaming and cloud market.
Unveiling a Financial...
12/20/23
CLFT short
weekly chart is bouncing off of the lower band of a channel pattern, however my short trade is going to be for a few hours/days.. my target is the 100SMA in the 78min chart
12/20/23
CLFT short
Weekly chart is bouncing oof of the lower band of a channel pattern, however my short trade is going to be for a few hours on the 78min. chart/ my target is the 100SMA
Looks like NASDAQ:CFLT has retraced its latest uptrend back to around the .618 Fib level. It is now hanging just under the 50% retrace level. I am not a big Fibonacci trader, but I do like to look at retracements and the .618% and 50% levels seem to be levels where stocks “can” make a turn.
I use trendlines and support / resistance areas for my trading style....
Confluent NASDAQ:CFLT has an 11-month base formation since last May 2022 almost every month has touched the price of $22.6/sh.
This May the price of NASDAQ:CFLT has "range expanded up" which can mean that buyers are in control and stepping up after they have accumulated enough shares to control the price.
The base measures 100% from a low near $17 to a high...
Analyzing the options chain and the chart patterns of CFLT Confluent prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
NASDAQ:CFLT lots to like here.
* Week 4 into its consolidation after a powerful stage 1 breakout.
* 200 MA not uptrending yet but flat
* Almost 100% move up & powerplay setup
* OBV holding highs with 1.5 U/D ratio
* double digits sales growth Q after Q
CFLT broke above a basing neckline on 2nd June and has now pulled back to retest this neckline for since the last few days. So far, this neckline is still proving to be a support and it could be a good time to stake into the new uptrend that is emerging (with initial stop loss below the neckline at $31.50).
Other technical factors that have lined up to...
I have put an example of the "Time At Mode" technique that is very useful and gives specific time and price targets for stocks, indexes and commodities.
Begin the analysis in the lower-left-corner at the lowest low.
Once the market has had 5 weeks without making a new low, we can conclude that a weekly uptrend has started from the lowest low.
Over time the...
NASDAQ:CFLT Confluent, Inc. operates a data streaming platform in the United States and internationally.
Uptrend rectangle pattern, above AVWAP from Highest point and ipo day. Breakout (pivot point) ~34 with Massive 6 weeks accumaltion.
Breakout (pivot point): ~34
Target ~ 63
$CFLT Here’s one for your watchlist. It looks to me that this has been consolidating in a stage 1 base for 20 weeks and has just moved sideways in a down market. To me this is showing some relative strength. This is not ready yet but if / when it moves above the down trendline, I will likely start a small position and add once it moves with volume above the 30...
looking like a strong buy zone in effect, even the owners are grabbing shares before they announce profits so let's see what happens here could be interesting diffidently some upside in this stock. keeping an eye on this one for a long position.
