Technical Analysis for BFLY - Butterfly Network, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 0.97 | -4.26% | -0.04 |
BFLY closed down 4.26 percent on Wednesday, May 8, 2024, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Weak + Overbought | Other | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Crossed Above 50 DMA | Bullish | -4.26% | |
| Calm After Storm | Range Contraction | -4.26% | |
| Inside Day | Range Contraction | -4.26% | |
| Wide Bands | Range Expansion | -4.26% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 8 hours ago |
| 1.5x Volume Pace | about 12 hours ago |
| Down 5% | about 12 hours ago |
| Down 3% | about 13 hours ago |
| Fell Below 50 DMA | about 13 hours ago |
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- Earnings date: 05/01/2024
Butterfly Network, Inc. develops medical imaging device for hospitals and organizations to scale their point of care ultrasound programs through a new suite of tools that enable ultrasound workflow mobile and system integrations simple and secure. The company's device provides diagnostic imaging and measurement of blood vessels and examines the cardiac, abdominal, urological, fetal, gynecological, and musculoskeletal systems. The company also offers Butterfly iQ, a handheld and single-probe whole body ultrasound system. The company was founded in 2011 and is based in Guilford, Connecticut.
Sector: Healthcare
Industry: Medical Devices
Keywords: Medical Imaging Ultrasound Diagnostic Imaging Medical Physics Image Processing Nuclear Medicine Acoustics Medical Ultrasonography Medical Ultrasound
Classification
Sector: Healthcare
Industry: Medical Devices
Keywords: Medical Imaging Ultrasound Diagnostic Imaging Medical Physics Image Processing Nuclear Medicine Acoustics Medical Ultrasonography Medical Ultrasound
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 2.71 |
| 52 Week Low | 0.6741 |
| Average Volume | 1,691,292 |
| 200-Day Moving Average | 1.20 |
| 50-Day Moving Average | 1.00 |
| 20-Day Moving Average | 0.85 |
| 10-Day Moving Average | 0.87 |
| Average True Range | 0.09 |
| RSI (14) | 55.75 |
| ADX | 22.44 |
| +DI | 26.92 |
| -DI | 13.87 |
| Chandelier Exit (Long, 3 ATRs) | 0.79 |
| Chandelier Exit (Short, 3 ATRs) | 0.93 |
| Upper Bollinger Bands | 1.04 |
| Lower Bollinger Band | 0.65 |
| Percent B (%b) | 0.82 |
| BandWidth | 45.24 |
| MACD Line | -0.01 |
| MACD Signal Line | -0.04 |
| MACD Histogram | 0.0341 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 1.07 | ||||
| Resistance 3 (R3) | 1.07 | 1.03 | 1.05 | ||
| Resistance 2 (R2) | 1.03 | 1.01 | 1.03 | 1.05 | |
| Resistance 1 (R1) | 1.00 | 0.99 | 0.98 | 1.00 | 1.04 |
| Pivot Point | 0.96 | 0.96 | 0.96 | 0.97 | 0.96 |
| Support 1 (S1) | 0.93 | 0.94 | 0.91 | 0.93 | 0.89 |
| Support 2 (S2) | 0.90 | 0.92 | 0.90 | 0.89 | |
| Support 3 (S3) | 0.86 | 0.90 | 0.88 | ||
| Support 4 (S4) | 0.87 |
