DFLI closing price moved above 60-day moving average, should you buy?

**Dragonfly Energy Holdings Corp. (DFLI) is not a compelling buy at this time**, despite its recent price momentum. Here's why: 1. **Closing Price vs. Moving Average**: DFLI's closing price on July 21, 2025, was $0.2665, which is above its 60-day moving average of $0.34. This is a bullish signal, indicating a potential upward trend. |code|Ticker|Name|Date|Closing Price|market_code| |---|---|---|---|---|---| |DFLI|DFLI.O|Dragonfly Energy|20250721|0.2665|186| |code|Ticker|Name|Date|Moving Average|market_code| |---|---|---|---|---|---| |DFLI|DFLI.O|Dragonfly Energy|20250721|0.1866|186| 2. **Technical Analysis**: The stock has experienced a significant increase of 56.76% on July 21, 2025. However, the 60-day moving average is significantly higher than the closing price, which suggests that the stock may face resistance as it moves above this moving average. 3. **Market Sentiment**: Despite the bullish signal, the overall market sentiment for DFLI is cautious. The stock has been volatile, with a weekly volatility of 19.34%, which indicates that the stock price could experience significant fluctuations in the near term. 4. **Financial Health**: Dragonfly Energy has recently announced the exchange of remaining outstanding shares of Series A Convertible Preferred Stock, which enhances the company's capital structure but may also indicate a strategic shift. 5. **Analyst Sentiment**: There is no available data on analyst recommendations or price targets, which makes it difficult to gauge the stock's potential future performance. In conclusion, while the bullish signal of the closing price moving above the 60-day moving average is encouraging, the significant difference between the closing price and the moving average, combined with the overall market caution and lack of analyst sentiment, suggests that DFLI may not be a strong buy at this time. Investors should exercise caution and consider these factors before making a decision.