DENISON MINES CORP (DNN) Stock Technical Analysis
USA - NYSEARCA:DNN - CA2483561072 - Common Stock
We assign a technical rating of 3 out of 10 to DNN. DNN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
DNN has a poor technical rating and the quality of the setup is also only medium 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
2.35
When analyzing the support we notice one important area.
- A support zone ranging from 2.37 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @3.19 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 | 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 | 77.05 | POSITIVE | DNN has a high relative strength, it outperformed 77.05% 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) | 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) | 37.06 | 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) | 7.19 | OVERSOLD | The low Stochastics value suggests DNN may be oversold. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 25.26 | POSITIVE | The high ADX value value for DNN suggests a strong trend. |
2.43
+0.05 (+2.1%)
DENISON MINES CORP / DNN FAQ
What is the ChartMill technical rating of DENISON MINES CORP (DNN) stock?
ChartMill assigns a technical rating of 4 / 10 to DNN.
Can you provide the trend direction for DENISON MINES CORP?
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 37.0637. This indicates that the stock is currently neutral.
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.
Can you provide the support and resistance levels for DENISON MINES CORP?
DENISON MINES CORP (DNN) has a support level at 2.44 and a resistance level at 3.19. Check the full technical report for our detailed analysis of DNN support and resistance levels.