BUTTERFLY NETWORK INC (BFLY) Stock Technical Analysis
NYSE:BFLY - New York Stock Exchange, Inc. - US1241551027 - Common Stock - Currency: USD
We assign a technical rating of 1 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 1.70 - 2.28 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.
BFLY is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 76% of 187 stocks in the same industry.
BFLY has an average volume of 3992280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BFLY turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
The technical rating of BFLY is bad and it also does not present a 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
1.69
2.47
2 important resistance areas can be observed.
- Resistance @2.00 from a trend line in the daily time frame.
- Resistance @2.45 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 | DOWN | NEGATIVE | The short term trend for BFLY is down. |
| ChartMill Relative Strength | 69.99 | NEUTRAL | BFLY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BFLY is below a declining 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) | 35.73 | NEUTRAL | The RSI value for BFLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BFLY has a negative trend. |
| Stochastics (14,3) | 13.44 | OVERSOLD | The low Stochastics value suggests BFLY may be oversold. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for BFLY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.07 | 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)
1.71
-0.1 (-5.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-5.52%
1 Week-17.79%
2 Weeks-7.57%
1 Month-12.76%
3 Month-26.61%
6 Month-57.14%
12 Month51.33%
2 Year-33.46%
3 Year-60.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.82%
ATR Inc2.91%
Range Today0.17
ADR(20)0.11
ADR(20)%6.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.99
Mansfield-3.7
10 Day High2.28
10 Day Low1.7
20 Day High2.28
20 Day Low1.7
52 Week High4.98
52 Week Low0.9
CS1 EndN/A
CR1 Start2
Volume & EV
DER(3)-10.54%
DER(5)-7.81%
Volume7.62M
Volume Incr-27.85%
Vol(5)3.63M
Vol(50)3.99M