DENISON MINES CORP (DNN) Stock Technical Analysis
NYSEARCA:DNN - NYSE Arca - CA2483561072 - Common Stock - Currency: USD
Overall DNN gets a technical rating of 6 out of 10. In the last year, DNN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
In the last month DNN has a been trading in the 1.57 - 1.90 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DNN has an average volume of 122049000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, DNN outperforms 50% of them, which is more or less in line with the market.
DNN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 60% of 211 stocks in the same industry.
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.
DNN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
1.62
2.44
2 important support areas can be observed.
- A support zone ranging from 1.77 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.64 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @1.79 from a trend line in the daily time frame.
- Resistance @1.83 from a horizontal line in the weekly time frame.
- Resistance @1.87 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for DNN is neutral. |
| ChartMill Relative Strength | 50.51 | 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 | POSITIVE | The current price of DNN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.25 | NEUTRAL | The RSI value for DNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DNN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.16 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.76 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 26.19 | POSITIVE | The high ADX value value for DNN suggests a strong 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)
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 |
|---|---|---|---|
| 1.80 | 1.76 | 0.04 (2.22%) | 25.00% |
| An entry @1.80. This is a Buy Stop order right above the resistance zone. | An exit @1.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.04 points, which is 2.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
1.78
+0.05 (+2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.89%
1 Week-2.2%
2 Weeks-3.26%
1 Month9.2%
3 Month35.88%
6 Month-8.72%
12 Month-20.54%
2 Year39.06%
3 Year49.58%
5 Year278.8%
10 Year235.85%
15 Year17.11%
Volatility
ATR(14)0.1
ATR(20)%5.76%
ATR Inc-3.71%
Range Today0.11
ADR(20)0.1
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.51
Mansfield-0.58
10 Day High1.88
10 Day Low1.67
20 Day High1.9
20 Day Low1.57
52 Week High2.47
52 Week Low1.08
CS1 End1.77
CR1 Start1.79
Volume & EV
DER(3)3.07%
DER(5)3.23%
Volume60.54M
Volume Incr-51.76%
Vol(5)79.89M
Vol(50)122.05M