DENISON MINES CORP (DNN) Technical Analysis
NYSEARCA:DNN • CA2483561072
Current stock price
3.57 USD
+0.06 (+1.71%)
At close:
3.55 USD
-0.02 (-0.56%)
Pre-Market:
DNN Technical Rating and Analysis
Overall DNN gets a technical rating of 7 out of 10. 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.
- When comparing the yearly performance of all stocks, we notice that DNN is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, DNN also shows a nice and consistent pattern of rising prices.
- DNN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 209 stocks in the same industry.
- DNN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DNN is performing more or less in line with the market.
- DNN has an average volume of 49472600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- In the last month DNN has a been trading in the 3.24 - 4.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DNN Weekly and Daily overview Charts
DNN Setup Rating and Analysis
Although DNN has an excellent technical rating, it does not present a decent entry opportunity 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
2.74
4.35
We found 3 important support areas.
- A support zone ranging from 3.32 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.86 from a trend line in the weekly time frame.
- Support @2.77 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.58 to 3.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for DNN is down. |
| ChartMill Relative Strength | 96.89 | POSITIVE | DNN has a high relative strength, it outperformed 96.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DNN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DNN is below the rising 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) | 44.33 | NEUTRAL | The RSI value for DNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DNN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.94 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.12 | NEUTRAL | The ADX value for DNN suggests a possible start of a new trend. |
DNN Chart- and CandleStick Pattern Analysis
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)
DNN Technicals: Chart, Performance Metrics, Trend & Indicators
3.57
+0.06 (+1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.71%
1 Week-2.19%
2 Weeks-10.75%
1 Month-15.6%
3 Month32.71%
6 Month28.88%
12 Month168.42%
2 Year83.08%
3 Year227.52%
5 Year227.52%
10 Year549.09%
15 Year50%
Volatility
ATR(14)0.24
ATR(20)%7.21%
ATR Inc-38.9%
Range Today0.13
ADR(20)0.24
ADR(20)%6.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.89
3 months CRS94.51
6 months CRS90.79
Mansfield3.98
10 Day High4.1
10 Day Low3.24
20 Day High4.38
20 Day Low3.24
52 Week High4.43
52 Week Low1.08
CS1 End3.37
CR1 Start3.58
Volume & EV
DER(3)3.41%
DER(5)3.4%
Volume46.80M
Volume Incr38.49%
Vol(5)56.80M
Vol(50)49.47M
DENISON MINES CORP / DNN TA FAQ
What is the ChartMill technical rating of DENISON MINES CORP (DNN) stock?
ChartMill assigns a technical rating of 7 / 10 to DNN.
What is the trend direction for DNN stock?
The current trend direction for DENISON MINES CORP (DNN) is Bullish.
What is the RSI signal for DENISON MINES CORP (DNN) stock?
DENISON MINES CORP (DNN) has an RSI value of 44.3269. This indicates that the stock is currently neutral.
What is the short term momentum for DNN stock?
The short term momentum for DENISON MINES CORP (DNN) is negative.
What is the buy/sell signal for DNN stock?
The buy/sell signal for DENISON MINES CORP (DNN) is hold as the short term and long term trends are mixed.