Bfly price prediction

Butterfly Network (BFLY) Stock Price Prediction: Based on the available data and analysis, here is a structured prediction for BFLY's stock price:

1. Current Stock Price and Recent Performance:
   • BFLY's closing price as of August 2, 2024, is $1.13.
   • The stock has experienced a significant decline, with the price falling from $1.14 to $1.13.
2. Technical Indicators:
   • The Relative Strength Index (RSI) is at 58.12, indicating that the stock is neither overbought nor oversold.
   • The Moving Average Convergence Divergence (MACD) is at -0.02, suggesting a potential for a price increase if the MACD crosses above the signal line.
   • The KDJ indicator is at 38.38, which could indicate a potential price reversal if it is significantly below the oversold threshold.
3. Moving Averages:
   • The 5-Day, 10-Day, and 20-Day moving averages are $1.07, $1.08, and $1.1, respectively. The stock is currently trading below these short-term moving averages.
   • The 30-Day, 50-Day, and 60-Day moving averages are $1.05, $1.01, and $1.01, respectively. The stock is trading below these longer-term moving averages.
   • The 120-Day and 200-Day moving averages are $1.01 and $1.01, respectively. The stock is trading below these long-term averages.

Ticker	Name	5-Day Moving Average	20-Day Moving Average	10-Day Moving Average	Date	code	market_code
BFLY.N	Butterfly Network	1.0700	1.1000	1.0800	20240802	BFLY	1

Ticker	Name	200-Day Moving Average	120-Day Moving Average	Date	code	market_code
BFLY.N	Butterfly Network	1.0100	1.0100	20240802	BFLY	1

4. Support and Resistance Levels: The narrow support level is at $1.12, and the resistance level is at $1.14. The stock is trading close to these levels.
5. Analyst Ratings and Price Targets: There is no available data on the analyst consensus rating or average price target for BFLY.
6. Net Fund Flow: The net fund flow is $77,373.6, indicating a net inflow of funds.
7. Market Sentiment and News: Recent news has shown a moderate buy consensus among analysts, with an average price target of $3.38, suggesting a significant upside potential from the current price.
8. Conclusion and Prediction:
   • Based on the current data, BFLY's stock price is in a downtrend, trading below its short-term and longer-term moving averages.
   • The stock is trading close to its support and resistance levels, suggesting a narrow trading range.
   • The positive net fund flow and moderate buy analyst consensus indicate potential for a price recovery.
   • However, the lack of analyst price targets and the current technical indicators suggest some caution.

Prediction: Given the recent decline and the current technical indicators, BFLY's stock price is likely to experience some volatility but may have an upward bias in the short term, supported by the analyst consensus and net fund flow.

For a more detailed analysis, please consider the provided references and market conditions at the time of your inquiry.