DENISON MINES CORP (DNN) Stock Technical Analysis
NYSEARCA:DNN - CA2483561072 - Common Stock
2.2 USD
+0.03 (+1.38%)
2.2 USD
0 (0%)
We assign a technical rating of 10 out of 10 to DNN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DNN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, DNN did better than 87% of all other stocks.
DNN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 208 stocks in the same industry.
DNN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DNN is lagging the market slightly.
DNN has an average volume of 82328400 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 1.86 - 2.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although DNN has an excellent technical rating, it does not present a decent entry opportunity 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
1.89
2.45
3 important support areas can be observed.
- Support @2.20 from a trend line in the weekly time frame.
- A support zone ranging from 1.96 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.91 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.25 to 2.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 2.42 to 2.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for DNN is up. |
| ChartMill Relative Strength | 87.67 | POSITIVE | DNN has a high relative strength, it outperformed 87.67% 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) | 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) | 59.06 | 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) | 73.73 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.21 | 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)
2.2
+0.03 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.38%
1 Week12.82%
2 Weeks8.37%
1 Month6.28%
3 Month38.36%
6 Month47.65%
12 Month31.74%
2 Year57.14%
3 Year56.03%
5 Year308.92%
10 Year348.98%
15 Year61.76%
Volatility
ATR(14)0.11
ATR(20)%5.37%
ATR Inc-23.06%
Range Today0.09
ADR(20)0.11
ADR(20)%5.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.67
Mansfield1.08
10 Day High2.25
10 Day Low1.86
20 Day High2.36
20 Day Low1.86
52 Week High2.47
52 Week Low1.08
CS1 End2.2
CR1 Start2.25
Volume & EV
DER(3)4.49%
DER(5)2.22%
Volume46.14M
Volume Incr-2.03%
Vol(5)58.02M
Vol(50)82.33M