DFLI Technical Analysis - DRAGONFLY ENERGY HOLDINGS CO

Technical Rating and Analysis

Taking everything into account, DFLI scores 8 out of 10 in our technical rating. DFLI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

DFLI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

DFLI is one of the better performing stocks in the Electrical Equipment industry, it outperforms 96% of 93 stocks in the same industry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

DFLI has an average volume of 37010700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, DFLI did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month DFLI has a been trading in the 0.26 - 2.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DRAGONFLY ENERGY HOLDINGS CO / DFLI Weekly stock chart

DRAGONFLY ENERGY HOLDINGS CO / DFLI Daily stock chart

Setup Rating and Analysis

Although DFLI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.41

1.43

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for DFLI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DFLI is up.
ChartMill Relative Strength	99.11	POSITIVE	DFLI has a high relative strength, it outperformed 99.11% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DFLI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DFLI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of DFLI is above a declining SMA(200).
Relative Strength Index/RSI (14)	72.18	OVERBOUGHT	The high RSI value suggests DFLI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests DFLI has a positive trend.
Stochastics (14,3)	76.88	NEUTRAL	The Stochastics value for DFLI is a neutral value.
Average True Range in percent/ATR (20)	12.39	HIGH VOLATILITY	The high ATR as a percentage value for DFLI suggests high volalility.
Average Directional Index/ADX (14)	47.93	POSITIVE	The high ADX value value for DFLI suggests a strong trend.