BUTTERFLY NETWORK INC (BFLY) Stock Technical Analysis
USA - NYSE:BFLY - US1241551027 - Common Stock
2.04 USD
-0.13 (-5.99%)
2.07 USD
+0.03 (+1.47%)
Overall BFLY gets a technical rating of 6 out of 10. In the past year, BFLY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
BFLY 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BFLY is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 78% of 190 stocks in the same industry.
In the last month BFLY has a been trading in the 1.47 - 2.22 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BFLY has an average volume of 4058030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BFLY is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BFLY has an average technical rating and it also does not offer a high quality setup 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
1.38
2.33
When analyzing the support we notice one important area.
- Support @1.39 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @2.18 from a horizontal line in the daily time frame.
- Resistance @2.31 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for BFLY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BFLY is up. |
| ChartMill Relative Strength | 76.98 | POSITIVE | BFLY has a high relative strength, it outperformed 76.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BFLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BFLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BFLY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.12 | NEUTRAL | The RSI value for BFLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BFLY has a positive trend. |
| Stochastics (14,3) | 76.06 | NEUTRAL | The Stochastics value for BFLY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.48 | HIGH VOLATILITY | The high ATR as a percentage value for BFLY suggests high volalility. |
| Average Directional Index/ADX (14) | 25.61 | POSITIVE | The high ADX value value for BFLY suggests a strong 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)
2.04
-0.13 (-5.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-5.99%
1 Week25.15%
2 Weeks29.11%
1 Month31.61%
3 Month4.08%
6 Month-13.92%
12 Month29.11%
2 Year72.88%
3 Year-56.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%6.48%
ATR Inc168.95%
Range Today0.22
ADR(20)0.13
ADR(20)%6.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.98
Mansfield-2.83
10 Day High2.22
10 Day Low1.47
20 Day High2.22
20 Day Low1.47
52 Week High4.98
52 Week Low1.32
CS1 End1.39
CR1 Start2.18
Volume & EV
DER(3)2.18%
DER(5)5.34%
Volume9.55M
Volume Incr274.69%
Vol(5)10.68M
Vol(50)4.06M