DENISON MINES CORP (DNN) Technical Analysis
NYSEARCA:DNN • CA2483561072
Current stock price
3.82 USD
-0.19 (-4.74%)
At close:
3.8 USD
-0.02 (-0.52%)
After Hours:
DNN Technical Rating and Analysis
Overall DNN gets a technical rating of 9 out of 10. In the last year, DNN was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, DNN did better than 97% of all other stocks. On top of that, DNN also shows a nice and consistent pattern of rising prices.
- DNN is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. DNN outperforms 96% of them.
- 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 48912300 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 3.55 - 4.41 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
DNN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for DNN 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
DNN Support and Resistance Analysis
2.69
4.42
4 important support areas can be observed.
- A support zone ranging from 3.79 to 3.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.66 to 3.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.79 from a trend line in the weekly time frame.
- Support @2.72 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.31 from a horizontal line in the daily time frame.
- Resistance @4.38 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 | NEUTRAL | NEUTRAL | The short term trend for DNN is neutral. |
| ChartMill Relative Strength | 97.54 | POSITIVE | DNN has a high relative strength, it outperformed 97.54% 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 | POSITIVE | The current price of DNN is above 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) | 47.08 | 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. |
| Stochastics (14,3) | 45.74 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for DNN suggests a weak or negative 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 Example Setup
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 |
|---|---|---|---|
| 3.98 | 3.78 | 0.20 (5.07%) | 19.71% |
| An entry @3.98. This is a Buy Stop order right above the 10 day moving average. | An exit @3.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.20 points, which is 5.07%. | For a 1.00% total portfolio risk, you can invest 19.71% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DNN. 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.
DNN Technicals: Chart, Performance Metrics, Trend & Indicators
3.82
-0.19 (-4.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.74%
1 Week4.09%
2 Weeks-8.61%
1 Month-0.26%
3 Month46.36%
6 Month61.18%
12 Month176.81%
2 Year95.9%
3 Year250.46%
5 Year250.46%
10 Year594.55%
15 Year60.5%
Volatility
ATR(14)0.28
ATR(20)%6.97%
ATR Inc8.2%
Range Today0.32
ADR(20)0.25
ADR(20)%6.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.54
3 months CRS97.21
6 months CRS95.7
Mansfield5.25
10 Day High4.38
10 Day Low3.55
20 Day High4.41
20 Day Low3.55
52 Week High4.43
52 Week Low1.08
CS1 End3.8
CR1 Start4.31
Volume & EV
DER(3)3.08%
DER(5)3.84%
Volume59.42M
Volume Incr2.66%
Vol(5)43.10M
Vol(50)48.91M
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.
What is the RSI signal for DENISON MINES CORP (DNN) stock?
DENISON MINES CORP (DNN) has an RSI value of 47.0799. 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 neutral.