BUTTERFLY NETWORK INC (BFLY) Technical Analysis
NYSE:BFLY • US1241551027
Current stock price
5.4 USD
+0.61 (+12.73%)
At close:
5.38 USD
-0.02 (-0.37%)
After Hours:
BFLY Technical Rating and Analysis
Overall BFLY gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BFLY is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that BFLY is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, BFLY also shows a nice and consistent pattern of rising prices.
- BFLY is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 96% of 187 stocks in the same industry.
- BFLY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BFLY is lagging the market slightly.
- BFLY has an average volume of 6225180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BFLY has a been trading in the 3.95 - 5.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BFLY Weekly and Daily overview Charts
BFLY Setup Rating and Analysis
Although BFLY has an excellent technical rating, it does not present a decent entry opportunity 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
BFLY Support and Resistance Analysis
2.98
5.60
We found 5 important support areas.
- Support @4.78 from a horizontal line in the daily time frame.
- Support @4.65 from a trend line in the daily time frame.
- Support @3.66 from a trend line in the daily time frame.
- Support @3.57 from a trend line in the weekly time frame.
- Support @3.01 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.46 to 5.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
BFLY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for BFLY is neutral. |
| ChartMill Relative Strength | 94.63 | POSITIVE | BFLY has a high relative strength, it outperformed 94.63% 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) | 61.74 | NEUTRAL | The RSI value for BFLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BFLY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.08 | NEUTRAL | The Stochastics value for BFLY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.75 | HIGH VOLATILITY | The high ATR as a percentage value for BFLY suggests high volalility. |
| Average Directional Index/ADX (14) | 30.23 | POSITIVE | The high ADX value value for BFLY suggests a strong trend. |
BFLY Chart- and CandleStick Pattern Analysis
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)
BFLY Technicals: Chart, Performance Metrics, Trend & Indicators
5.4
+0.61 (+12.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg12.73%
1 Week1.31%
2 Weeks-0.92%
1 Month31.39%
3 Month36.36%
6 Month100.74%
12 Month131.76%
2 Year442.77%
3 Year121.31%
5 Year-54.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%6.75%
ATR Inc109.94%
Range Today0.75
ADR(20)0.35
ADR(20)%6.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.63
3 months CRS94.39
6 months CRS97.82
Mansfield7.41
10 Day High5.72
10 Day Low4.19
20 Day High5.72
20 Day Low3.95
52 Week High5.72
52 Week Low1.32
CS1 End4.78
CR1 Start5.46
Volume & EV
DER(3)2.1%
DER(5)2.58%
Volume6.52M
Volume Incr33.61%
Vol(5)6.43M
Vol(50)6.23M
BUTTERFLY NETWORK INC / BFLY TA FAQ
Can you provide the ChartMill technical rating for BUTTERFLY NETWORK INC?
ChartMill assigns a technical rating of 10 / 10 to BFLY.
What is the current trend direction of BUTTERFLY NETWORK INC (BFLY) stock?
The current trend direction for BUTTERFLY NETWORK INC (BFLY) is Bullish.
Can you provide the RSI signal for BUTTERFLY NETWORK INC?
BUTTERFLY NETWORK INC (BFLY) has an RSI value of 61.7444. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BUTTERFLY NETWORK INC?
The MACD indicator for BUTTERFLY NETWORK INC (BFLY) has a value of -0.0293307, indicating a bearish trend.