DRAGONFLY ENERGY HOLDINGS CO (DFLI) Stock Technical Analysis
NASDAQ:DFLI • US26145B4032
We assign a technical rating of 0 out of 10 to DFLI. DFLI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, DFLI is a bad performer in the overall market: 99% of all stocks are doing better.
- DFLI is one of the lesser performing stocks in the Electrical Equipment industry. 92% of 91 stocks in the same industry do better.
- DFLI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month DFLI has a been trading in the 2.16 - 3.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DFLI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for DFLI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.25
We found 3 important support areas.
- A support zone ranging from 2.53 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.33 from a horizontal line in the daily time frame.
- A support zone ranging from 2.27 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @2.72 from a horizontal line in the daily time frame.
- Resistance @3.54 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for DFLI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DFLI is down. |
| ChartMill Relative Strength | 1.78 | NEGATIVE | DFLI has a low relative strength, it was outperformed by 98.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DFLI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DFLI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DFLI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.8 | NEUTRAL | The RSI value for DFLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests DFLI has a positive trend. |
| Stochastics (14,3) | 57.39 | NEUTRAL | The Stochastics value for DFLI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.42 | HIGH VOLATILITY | The high ATR as a percentage value for DFLI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.76 | NEGATIVE | The low ADX value for DFLI suggests a weak or negative trend. |
2.62
+0.07 (+2.75%)
DRAGONFLY ENERGY HOLDINGS CO / DFLI FAQ
What is the ChartMill technical rating of DRAGONFLY ENERGY HOLDINGS CO (DFLI) stock?
ChartMill assigns a technical rating of 0 / 10 to DFLI.
What is the current trend direction of DRAGONFLY ENERGY HOLDINGS CO (DFLI) stock?
The current trend direction for DRAGONFLY ENERGY HOLDINGS CO (DFLI) is Bearish.
What is the RSI signal for DRAGONFLY ENERGY HOLDINGS CO (DFLI) stock?
DRAGONFLY ENERGY HOLDINGS CO (DFLI) has an RSI value of 42.8028. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DRAGONFLY ENERGY HOLDINGS CO?
The MACD indicator for DRAGONFLY ENERGY HOLDINGS CO (DFLI) has a value of 0.0960602, indicating a bearish trend.
What is the short term momentum for DFLI stock?
The short term momentum for DRAGONFLY ENERGY HOLDINGS CO (DFLI) is negative.