DENISON MINES CORP (DNN) Technical Analysis
NYSEARCA:DNN • CA2483561072
Current stock price
DNN Technical Rating and Analysis
Overall DNN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, DNN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DNN is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by DNN over the past year are nicely spread over this period.
- DNN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 209 stocks in the same industry.
- DNN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DNN is lagging the market slightly.
- DNN has an average volume of 38367400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month DNN has a been trading in the 3.25 - 4.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
DNN Weekly and Daily overview Charts
DNN Setup Rating and Analysis
Although DNN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
DNN Support and Resistance Analysis
2.79
We found 5 important support areas.
- A support zone ranging from 3.63 to 3.64. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @3.55 from a trend line in the daily time frame.
- A support zone ranging from 3.29 to 3.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.99 from a trend line in the weekly time frame.
- Support @2.82 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.09 from a horizontal line in the daily time frame.
- Resistance @4.31 from a horizontal line in the daily time frame.
DNN Technical Indicator Signal Analysis
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 DNN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNN is up. |
| ChartMill Relative Strength | 94.72 | POSITIVE | DNN has a high relative strength, it outperformed 94.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DNN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DNN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.38 | NEUTRAL | The RSI value for DNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DNN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.85 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for DNN suggests a weak or negative trend. |
DNN Chart- and CandleStick Pattern Analysis
DNN Technicals: Chart, Performance Metrics, Trend & Indicators
3.8
-0.12 (-3.06%)
DENISON MINES CORP / DNN TA FAQ
What is the ChartMill technical rating of DENISON MINES CORP (DNN) stock?
ChartMill assigns a technical rating of 9 / 10 to DNN.
What is the trend direction for DNN stock?
The current trend direction for DENISON MINES CORP (DNN) is Bullish.
Can you provide the RSI signal for DENISON MINES CORP?
DENISON MINES CORP (DNN) has an RSI value of 51.3808. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DENISON MINES CORP?
The MACD indicator for DENISON MINES CORP (DNN) has a value of 0.0317155, indicating a bearish trend.
What is the support and resistance level for DNN stock?
DENISON MINES CORP (DNN) has a support level at 3.64 and a resistance level at 4.09. Check the full technical report for our detailed analysis of DNN support and resistance levels.