DENISON MINES CORP (DML.CA) Stock Technical Analysis
TSX:DML - CA2483561072 - Common Stock
2.88 CAD
0 (0%)
We assign a technical rating of 7 out of 10 to DML. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
DML is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. DML outperforms 86% of them.
DML has an average volume of 3345720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, DML did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
DML is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DML is lagging the market.
In the last month DML has a been trading in the 2.58 - 3.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, DML also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for DML in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.52
3.32
We found 3 important support areas.
- A support zone ranging from 2.80 to 2.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.65 to 2.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.55 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.98 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.04 to 3.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.29 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for DML.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DML.CA is neutral. |
| ChartMill Relative Strength | 80.28 | POSITIVE | DML.CA has a high relative strength, it outperformed 80.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DML.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DML.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DML.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.86 | NEUTRAL | The RSI value for DML.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DML.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.32 | NEUTRAL | The Stochastics value for DML.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for DML.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.66 | NEUTRAL | The ADX value for DML.CA suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.99 | 2.79 | 0.20 (6.69%) | 14.95% |
| An entry @2.99. This is a Buy Stop order right above the resistance zone. | An exit @2.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.20 points, which is 6.69%. | For a 1.00% total portfolio risk, you can invest 14.95% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DML. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:DML (8/25/2025, 7:00:00 PM)
2.88
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week0.35%
2 Weeks-1.71%
1 Month-4.95%
3 Month33.95%
6 Month33.95%
12 Month29.15%
2 Year51.58%
3 Year54.84%
5 Year311.43%
10 Year350%
15 Year100%
Volatility
ATR(14)0.15
ATR(20)%5.28%
ATR Inc-7.19%
Range Today0.09
ADR(20)0.14
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.28
Mansfield0.49
10 Day High2.99
10 Day Low2.58
20 Day High3.25
20 Day Low2.58
52 Week High3.45
52 Week Low1.58
CS1 End2.81
CR1 Start2.98
Volume & EV
DER(3)6.09%
DER(5)-1.29%
Volume2.30M
Volume Incr0.67%
Vol(5)3.46M
Vol(50)3.35M