Butterfly Network, Inc.
Here’s whether Butterfly Network, Inc. (BFLY) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bullish.
Positives: trading above the 200-day MA (long-term uptrend intact); above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+8.42% over 10 days); strong 1-year return of +216.3%; 3-month momentum positive (+23.4%). Concerns: RSI 28 — oversold; declining volume on rally — weak conviction (0.75x 30d avg). Currently 32.1% off its 52-week high. Score: +4/7.
BFLY is in a confirmed uptrend, trading above both its 50-day ($6.18) and 200-day ($4.23) moving averages. An RSI of 27.5 has dropped into oversold territory, which has historically preceded short-term bounces. The 1-year return of +216.3% compares to +16.5% for SPY (beat the market by 199.9%). The current 32.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.