BUTTERFLY NETWORK INC -CW25 (BFL.W) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BFL.W
Overall BFL.W gets a technical rating of 0 out of 10. BFL.W scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than BFL.W.
- BFL.W is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
- In the last month BFL.W has a been trading in the 0.01 - 0.03 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
BFL.W has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.01
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BFL.W is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BFL.W is down. |
| ChartMill Relative Strength | 0.2 | NEGATIVE | BFL.W has a low relative strength, it was outperformed by 99.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BFL.W is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BFL.W is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BFL.W is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.8 | NEUTRAL | The RSI value for BFL.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BFL.W has a negative trend. |
| Stochastics (14,3) | 7.81 | OVERSOLD | The low Stochastics value suggests BFL.W may be oversold. |
| Average True Range in percent/ATR (20) | 137.07 | HIGH VOLATILITY | The high ATR as a percentage value for BFL.W suggests high volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for BFL.W suggests a possible start of a new trend. |
0.0053
-0.01 (-49.52%)
BUTTERFLY NETWORK INC -CW25 / BFL.W FAQ
What is the ChartMill technical rating of BUTTERFLY NETWORK INC -CW25 (BFL.W) stock?
ChartMill assigns a technical rating of 0 / 10 to BFL.W.
Can you provide the trend direction for BUTTERFLY NETWORK INC -CW25?
The current trend direction for BUTTERFLY NETWORK INC -CW25 (BFL.W) is Bearish.
What is the RSI signal for BUTTERFLY NETWORK INC -CW25 (BFL.W) stock?
BUTTERFLY NETWORK INC -CW25 (BFL.W) has an RSI value of 33.7972. This indicates that the stock is currently neutral.
What is the MACD signal for BFL.W stock?
The MACD indicator for BUTTERFLY NETWORK INC -CW25 (BFL.W) has a value of -0.000872447, indicating a bearish trend.
What is the short term momentum for BFL.W stock?
The short term momentum for BUTTERFLY NETWORK INC -CW25 (BFL.W) is negative.