BUTTERFLY NETWORK INC (BFLY) Stock Technical Analysis
NYSE:BFLY - US1241551027 - Common Stock
1.61 USD
-0.02 (-1.23%)
1.59 USD
-0.02 (-1.24%)
We assign a technical rating of 2 out of 10 to BFLY. BFLY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
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.
In the last month BFLY has a been trading in the 1.32 - 1.69 range, which is quite wide. It is currently trading near the high of this range.
BFLY has an average volume of 4249740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BFLY outperforms 57% of them, which is more or less in line with the market.
BFLY is an average performer in the Health Care Equipment & Supplies industry, it outperforms 69% of 185 stocks in the same industry.
BFLY has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
1.34
2.39
We found 2 important support areas.
- A support zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.35 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.62 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.72 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.37 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 | DOWN | NEGATIVE | The long term trend for BFLY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BFLY is neutral. |
| ChartMill Relative Strength | 57.7 | NEUTRAL | BFLY is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of BFLY is below a declining 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) | 52.35 | NEUTRAL | The RSI value for BFLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BFLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.86 | NEUTRAL | The Stochastics value for BFLY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for BFLY suggests high volalility. |
| Average Directional Index/ADX (14) | 23.73 | NEUTRAL | The ADX value for BFLY suggests a possible start of a new 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)
1.61
-0.02 (-1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.23%
1 Week5.92%
2 Weeks12.59%
1 Month15%
3 Month-32.92%
6 Month-55.52%
12 Month47.71%
2 Year-9.04%
3 Year-74.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%5.83%
ATR Inc1.99%
Range Today0.1
ADR(20)0.09
ADR(20)%5.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.7
Mansfield-4.22
10 Day High1.69
10 Day Low1.34
20 Day High1.69
20 Day Low1.32
52 Week High4.98
52 Week Low1.15
CS1 End1.45
CR1 Start1.62
Volume & EV
DER(3)-1.28%
DER(5)1.29%
Volume2.38M
Volume Incr11.62%
Vol(5)4.12M
Vol(50)4.25M