Overall DNN gets a technical rating of 6 out of 10. In the last year, DNN was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, DNN does present a nice setup opportunity. Prices have been consolidating lately. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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2.38
3 important support areas can be observed.
- A support zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.47 from a horizontal line in the daily time frame.
- A support zone ranging from 2.40 to 2.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.75 from a horizontal line in the weekly time frame.
- 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 | 85.85 | POSITIVE | DNN has a high relative strength, it outperformed 85.85% 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 | MIXED | The current price of DNN is above 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) | 55.2 | NEUTRAL | The RSI value for DNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DNN has a positive trend. |
| Stochastics (14,3) | 31.39 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.87 | NEGATIVE | The low ADX value for DNN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 2.76 | 2.59 | 0.17 (6.16%) | 16.24% |
| An entry @2.76. This is a Buy Stop order right above the resistance zone. | An exit @2.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 6.16%. | When investing 16.24% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
2.74
+0.17 (+6.61%)
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 55.2033. 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 2.6 and a resistance level at 2.75. Check the full technical report for our detailed analysis of DNN support and resistance levels.