Overall DNN gets a technical rating of 6 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.
DNN has an average technical rating and the quality of the presented setup is also not ideal 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
2.34
We found 2 important support areas.
- A support zone ranging from 2.67 to 2.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.36 to 2.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.74 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.85 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 | NEUTRAL | NEUTRAL | The short term trend for DNN is neutral. |
| ChartMill Relative Strength | 84.86 | POSITIVE | DNN has a high relative strength, it outperformed 84.86% 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) | 53.05 | NEUTRAL | The RSI value for DNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests DNN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.61 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for DNN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.09 | NEGATIVE | The low ADX value for DNN suggests a weak or negative trend. |
2.69
-0.05 (-1.82%)
DENISON MINES CORP / DNN FAQ
What is the ChartMill technical rating of DENISON MINES CORP (DNN) stock?
ChartMill assigns a technical rating of 6 / 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 53.0476. This indicates that the stock is currently neutral.
What is the support and resistance level for DNN stock?
DENISON MINES CORP (DNN) has a support level at 2.68 and a resistance level at 2.74. Check the full technical report for our detailed analysis of DNN support and resistance levels.