Is Confluent, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for Confluent, Inc. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages and the weekly Bollinger Bands, both indicating a bearish sentiment. The MACD shows a mildly bullish signal on the weekly timeframe but remains bearish on the monthly. The Dow Theory indicates a mildly bullish stance on both weekly and monthly timeframes, suggesting some underlying strength.
In terms of performance, Confluent has outperformed the S&P 500 over the past week and month, with returns of 2.58% and 5.56%, respectively, compared to the S&P 500's 1.09% and 4.15%. However, year-to-date, Confluent is down 27.4%, significantly underperforming the S&P 500's gain of 14.18%.