BUTTERFLY NETWORK INC -CW25 (BFL.W) Stock Technical Analysis
NYSE:BFL.W - New York Stock Exchange, Inc. -
Overall BFL.W gets a technical rating of 3 out of 10. Although BFL.W is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
BFL.W is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that BFL.W is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month BFL.W has a been trading in the 0.05 - 0.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BFL.W does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BFL.W in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.06
0.07
When analyzing the support we notice one important area.
- A support zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | 97.6 | POSITIVE | BFL.W has a high relative strength, it outperformed 97.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BFL.W is above the rising 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) | UP | MIXED | The current price of BFL.W is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.25 | NEUTRAL | The RSI value for BFL.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BFL.W has a positive trend. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for BFL.W is a neutral value. |
| Average True Range in percent/ATR (20) | 18.87 | HIGH VOLATILITY | The high ATR as a percentage value for BFL.W suggests high volalility. |
| Average Directional Index/ADX (14) | 17.86 | NEGATIVE | The low ADX value for BFL.W suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:BFL.W (6/10/2025, 8:04:01 PM)
0.0713
+0.01 (+18.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg18.83%
1 Week6.58%
2 Weeks18.83%
1 Month2.89%
3 Month-49.4%
6 Month-55.47%
12 Month249.51%
2 Year-69.72%
3 Year-82.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%18.87%
ATR Inc47.24%
Range Today0.01
ADR(20)0.01
ADR(20)%18.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.6
Mansfield-4.28
10 Day High0.09
10 Day Low0.05
20 Day High0.09
20 Day Low0.05
52 Week High0.5
52 Week Low0.02
CS1 End0.06
CR1 Start0.07
Volume & EV
DER(3)9.95%
DER(5)9.43%
Volume30.70K
Volume Incr28.32%
Vol(5)47.96K
Vol(50)31.99K