Denbury Inc (DEN) Stock Technical Analysis
USA - NYSE:DEN - US24790A1016 - Common Stock
Taking everything into account, DEN scores 1 out of 10 in our technical rating. 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.
Although the technical rating is bad, DEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 88.32, a Stop Loss order could be placed below this zone.
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74.33
4 important support areas can be observed.
- 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. |
88.66
-0.23 (-0.26%)
Denbury Inc / DEN FAQ
Can you provide the ChartMill technical rating for Denbury Inc?
ChartMill assigns a technical rating of 1 / 10 to DEN.
What is the current trend direction of Denbury Inc (DEN) stock?
The current trend direction for Denbury Inc (DEN) is Bearish.
What is the RSI signal for Denbury Inc (DEN) stock?
Denbury Inc (DEN) has an RSI value of 37.8623. This indicates that the stock is currently neutral.
What are the support and resistance levels for Denbury Inc (DEN) stock?
Denbury Inc (DEN) has a support level at 88.32 and a resistance level at 90.66. Check the full technical report for our detailed analysis of DEN support and resistance levels.