Is Dragonfly Energy Holdings Corp. technically bullish or bearish?
As of May 9, 2024, the trend has shifted to mildly bullish due to positive weekly MACD and RSI indicators, but mixed signals from daily moving averages and monthly Bollinger Bands suggest caution.
As of 9 May 2024, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, primarily driven by the weekly MACD and RSI indicators, both of which are showing bullish momentum. However, the daily moving averages and KST are bearish, indicating mixed signals in the short term. The Bollinger Bands and Dow Theory also reflect bearish conditions on the monthly timeframe. Overall, while there is a bullish shift, the strength is tempered by conflicting indicators, particularly in the daily and monthly analyses.
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