BUTTERFLY NETWORK INC (BFLY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BFLY - US1241551027 - Common Stock
We assign a technical rating of 9 out of 10 to BFLY. Both in the recent history as in the last year, BFLY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although BFLY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.17
2 important support areas can be observed.
- A support zone ranging from 3.36 to 3.41. 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 3.20 to 3.25. 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 | UP | POSITIVE | The long term trend for BFLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BFLY is up. |
| ChartMill Relative Strength | 94.02 | POSITIVE | BFLY has a high relative strength, it outperformed 94.02% 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) | UP | POSITIVE | The current price of BFLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.85 | OVERBOUGHT | The high RSI value suggests BFLY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BFLY has a positive trend. |
| Stochastics (14,3) | 92.37 | OVERBOUGHT | The high Stochastics value suggests BFLY may be overbought. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for BFLY suggests high volalility. |
| Average Directional Index/ADX (14) | 39.7 | POSITIVE | The high ADX value value for BFLY suggests a strong trend. |
3.95
+0.15 (+3.95%)
BUTTERFLY NETWORK INC / BFLY FAQ
Can you provide the ChartMill technical rating for BUTTERFLY NETWORK INC?
ChartMill assigns a technical rating of 9 / 10 to BFLY.
What is the trend direction for BFLY stock?
The current trend direction for BUTTERFLY NETWORK INC (BFLY) is Bullish.
What is the RSI signal for BUTTERFLY NETWORK INC (BFLY) stock?
BUTTERFLY NETWORK INC (BFLY) has an RSI value of 71.8529. This indicates that the stock is currently overbought.
Can you provide the short term momentum for BUTTERFLY NETWORK INC?
The short term momentum for BUTTERFLY NETWORK INC (BFLY) is positive.
What is the buy/sell signal for BFLY stock?
The buy/sell signal for BUTTERFLY NETWORK INC (BFLY) is buy as both the short term and long term trends are positive.