Question 1

How did BFLY's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BFLY as a result. In 65 of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 0%.

Question 2

What is the significance of the 50-day moving average indicator for BFLY?

Accepted Answer

BFLY moved below its 50-day moving average on August 05, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 3

What is the significance of the 10-day moving average indicator for BFLY?

Accepted Answer

The 10-day moving average for BFLY crossed bearishly below the 50-day moving average on August 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 4

What does a 3-day decline signify for BFLY's future price movement?

Accepted Answer

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BFLY declined for three days, in 234 of 267 cases, the price declined further within the following month. The odds of a continued downward trend are 88%.

Question 5

What does BFLY breaking above its upper Bollinger Band indicate?

Accepted Answer

BFLY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 6

How does the Aroon Indicator reflect on BFLY's trend?

Accepted Answer

The Aroon Indicator for BFLY entered a downward trend on August 16, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

BFLY Stock Butterfly Network (BFLY, $1.01) entered Downtrend as Momentum indicator drops below 0 level on May 24, 2024

BFLY in -5.00% downward trend, sliding for three consecutive days on August 12, 2024

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