Denbury Inc (DEN) Stock Technical Analysis
NYSE:DEN - New York Stock Exchange, Inc. - US24790A1016 - Common Stock - Currency: USD
Overall DEN gets a technical rating of 1 out of 10. DEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month DEN has a been trading in the 87.76 - 95.53 range, which is quite wide. It is currently trading near the lows of this range.
DEN has an average volume of 1506970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, DEN turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
DEN is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, DEN did better than 63% of them.
DEN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DEN is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, DEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 88.32, a Stop Loss order could be placed below this zone.
More info and screens
74.33
101.40
We found 4 important support areas.
- A support zone ranging from 87.50 to 88.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @84.62 from a horizontal line in the daily time frame.
- Support @79.86 from a trend line in the weekly time frame.
- Support @75.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 90.66 to 91.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 97.62 to 98.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @100.40 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for DEN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DEN is down. |
| ChartMill Relative Strength | 60.83 | NEUTRAL | DEN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DEN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.86 | NEUTRAL | The RSI value for DEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests DEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.77 | OVERSOLD | The low Stochastics value suggests DEN may be oversold. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for DEN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for DEN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
88.66
-0.23 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.26%
1 Week-2.6%
2 Weeks-6.42%
1 Month-5.07%
3 Month0.7%
6 Month-0.34%
12 Month-4.13%
2 Year11.35%
3 Year294.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.88
ATR(20)%2.42%
ATR Inc-33.9%
Range Today1.41
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.83
Mansfield-0.15
10 Day High95.53
10 Day Low87.76
20 Day High95.53
20 Day Low87.76
52 Week High100.65
52 Week Low75.33
CS1 End88.32
CR1 Start90.66
Volume & EV
DER(3)-0.97%
DER(5)1.13%
Volume11.77M
Volume Incr164.23%
Vol(5)3.19M
Vol(50)1.51M