DENISON MINES CORP (DNN) Stock Technical Analysis
NYSEARCA:DNN - NYSE Arca - CA2483561072 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to DNN. In the past year, DNN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
70% of all other stocks performed better in the past year than DNN.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month DNN has a been trading in the 1.36 - 1.69 range, which is quite wide. It is currently trading near the high of this range.
DNN has an average volume of 63970100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DNN is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, DNN did better than 60% of them.
DNN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DNN is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DNN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.42
2.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.49 to 1.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.43 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @2.42 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 | NEUTRAL | NEUTRAL | The long term trend for DNN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNN is up. |
| ChartMill Relative Strength | 30.51 | NEUTRAL | DNN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of DNN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DNN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.81 | NEUTRAL | The RSI value for DNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DNN has a positive trend. |
| Stochastics (14,3) | 68.59 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DNN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.88 | NEUTRAL | The ADX value for DNN suggests a possible start of a new 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)
1.68
+0.18 (+12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg12%
1 Week17.48%
2 Weeks9.09%
1 Month20.86%
3 Month9.09%
6 Month-29.71%
12 Month-27.59%
2 Year55.56%
3 Year37.7%
5 Year301.63%
10 Year102.41%
15 Year24.44%
Volatility
ATR(14)0.08
ATR(20)%4.79%
ATR Inc61.54%
Range Today0.13
ADR(20)0.08
ADR(20)%4.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.51
Mansfield-0.86
10 Day High1.69
10 Day Low1.39
20 Day High1.69
20 Day Low1.36
52 Week High2.47
52 Week Low1.08
CS1 End1.51
CR1 Start2.42
Volume & EV
DER(3)2.48%
DER(5)5.98%
Volume157.02M
Volume Incr48.41%
Vol(5)80.90M
Vol(50)63.97M