DENISON MINES CORP (DML.CA) Stock Technical Analysis
TSX:DML - Toronto Stock Exchange - CA2483561072 - Common Stock - Currency: CAD
Taking everything into account, DML scores 8 out of 10 in our technical rating. Although DML is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DML has an average volume of 2816800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, DML turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
DML is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 69% of 214 stocks in the same industry.
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 2.30 - 2.57 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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.54. Right above this resistance zone may be a good entry point. 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
2.26
3.32
We found 3 important support areas.
- Support @2.52 from a horizontal line in the daily time frame.
- A support zone ranging from 2.42 to 2.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.28 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.54 to 2.54. 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 | UP | POSITIVE | The short term trend for DML.CA is up. |
| ChartMill Relative Strength | 61.59 | NEUTRAL | DML.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DML.CA is above the rising 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) | DOWN | MIXED | The current price of DML.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.09 | NEUTRAL | The RSI value for DML.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DML.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for DML.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for DML.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | NEGATIVE | The low ADX value for DML.CA 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)
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 |
|---|---|---|---|
| 2.55 | 2.51 | 0.04 (1.57%) | 25.00% |
| An entry @2.55. This is a Buy Stop order right above the resistance zone. | An exit @2.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.04 points, which is 1.57%. | For a 0.39% total portfolio risk, you can invest 25.00% 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 (7/14/2025, 7:00:00 PM)
2.53
+0.1 (+4.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.12%
1 Week2.02%
2 Weeks3.27%
1 Month13.45%
3 Month33.86%
6 Month-6.99%
12 Month-5.95%
2 Year47.09%
3 Year65.36%
5 Year308.07%
10 Year272.06%
15 Year61.15%
Volatility
ATR(14)0.12
ATR(20)%4.95%
ATR Inc16.67%
Range Today0.13
ADR(20)0.12
ADR(20)%4.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.59
Mansfield-0.39
10 Day High2.54
10 Day Low2.3
20 Day High2.57
20 Day Low2.3
52 Week High3.45
52 Week Low1.58
CS1 End2.52
CR1 Start2.54
Volume & EV
DER(3)7.83%
DER(5)-1.31%
Volume3.38M
Volume Incr14.02%
Vol(5)3.51M
Vol(50)2.82M