Draganfly Inc (DPRO) Price

Mr. Cameron Chell is the President of Draganfly Inc, joining the firm since 2019.

The current price of DPRO is $5.51, it has increased 1% in the last trading day.

Draganfly Inc belongs to Aerospace & Defense industry and the sector is Industrials

Draganfly Inc's current market cap is $103.0M

According to wall street analysts, 4 analysts have made analyst ratings for Draganfly Inc, including 2 strong buy, 5 buy, 1 hold, 0 sell, and 2 strong sell

Looks like DPRO is moving on pure technicals today, fren, because there's zero fresh news to explain this pump. The stock just smashed through a key resistance level, and momentum traders are likely piling in.

The price action in Draganfly (DPRO) today appears to be a classic technical breakout, not a reaction to any fundamental news catalyst. Here’s the breakdown:

• No News, Just Charts: My data shows no significant company-specific news for DPRO over the past week that would justify this move. When a stock moves without a story, the reason is almost always on the chart.
• Key Resistance Breakout: The most significant event is the price breaking and holding above the daily resistance level at $4.76. The current price of $5.383 is well above this former ceiling, which has now likely flipped to become a new support level. Technical traders see this as a strong bullish signal.
• Short-Term Momentum is Bullish: Looking at the hourly chart gives us a clearer picture of the current strength:
  • Moving Averages: The price is trading above both the 20-hour MA ($5.188) and the 50-hour MA ($4.987), confirming a solid short-term uptrend.
  • RSI: The hourly RSI is at a healthy 64.28. This indicates strong buying pressure but isn't in "overbought" territory (above 70) yet, suggesting there could be more room to climb before the move gets exhausted.
  • MACD: The MACD line is above its signal line with a positive histogram, which confirms the bullish momentum is intact for now.
• Analyst Sentiment vs. Price: While analysts have a "BUY" rating on the stock, the current price has already blown past their average target of $4.77 and even their high target of $5.29. This suggests the market is more bullish than the analysts, or the stock is getting a bit ahead of itself.

Actionable Alpha: The path of least resistance is now towards the next major daily resistance level at $7.30. However, the lack of a news catalyst means this is a pure momentum play.

Watch the previous resistance at $4.76. As long as the price stays above it, the bulls are in control. If it drops back below, you might be looking at a nasty fakeout. Trade smart, and don't be the exit liquidity.