DENISON MINES CORP (DNN)

CA2483561072 - Common Stock

1.15  -0.01 (-0.86%)

Technical Rating

4

Overall DNN gets a technical rating of 4 out of 10. DNN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.



In the last month DNN has a been trading in the 1.00 - 1.19 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
DNN has an average volume of 3271840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, DNN outperforms 45% of them, which is more or less in line with the market.
DNN is part of the Oil, Gas & Consumable Fuels industry. There are 375 other stocks in this industry, DNN did better than 69% of them.
DNN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DNN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 12.62% -9.38% -1.69% -6.45% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 45.64 0.91 - 1.53
DNN Weekly chart
DNN Daily chart

Support/Resistance Analysis


0.98

1.46
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @1.03 from a horizontal line in the daily time frame.
  • Support @0.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
  • Resistance @1.15 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 1.17 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @1.29 from a trend line in the weekly time frame.
  • Resistance @1.45 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

DNN has an average technical rating and it also does not offer a high quality setup 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.


DNN Daily chart

DENISON MINES CORP

NYSEARCA:DNN (6/2/2023, 12:58:48 PM)

1.15

-0.01 (-0.86%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.86%
1 Week6.42%
2 Weeks6.42%
1 Month12.62%
3 Month-9.37%
6 Month-1.69%
12 Month-6.45%
Volatility
ATR(14)0.05
ATR(20)%4.48%
ATR Inc107.81%
Range Today0.05
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.64
Mansfield-0.67
10 Day High1.19
10 Day Low1
20 Day High1.19
20 Day Low1
52 Week High1.53
52 Week Low0.91
CS1 End1.15
CR1 Start1.17
Volume & EV
DER(3)5.53%
DER(5)7.18%
Volume5.27M
Volume Incr88.05%
Vol(5)4.94M
Vol(50)3.27M
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