DENISON MINES CORP (DNN) Stock Technical Analysis
NYSEARCA:DNN - NYSE Arca - CA2483561072 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to DNN. Both in the recent history as in the last year, DNN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
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 91% of all other stocks.
DNN is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. DNN outperforms 93% of them.
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.
In the last month DNN has a been trading in the 1.70 - 2.33 range, which is quite wide. It is currently trading near the high of this range.
DNN has an average volume of 125834000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DNN has an excellent technical rating, it 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.
More info and screens
1.84
2.45
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.08 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.03 to 2.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.86 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.26 from a trend line 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 | 91.77 | POSITIVE | DNN has a high relative strength, it outperformed 91.77% 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) | 66.67 | NEUTRAL | The RSI value for DNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DNN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.6 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for DNN suggests some volalility. |
| Average Directional Index/ADX (14) | 37.22 | 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)
2.26
+0.02 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.89%
1 Week8.65%
2 Weeks3.2%
1 Month33.73%
3 Month46.75%
6 Month24.86%
12 Month52.7%
2 Year61.43%
3 Year60.28%
5 Year320.07%
10 Year361.22%
15 Year66.18%
Volatility
ATR(14)0.11
ATR(20)%4.95%
ATR Inc-0.63%
Range Today0.1
ADR(20)0.11
ADR(20)%4.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.77
Mansfield1.72
10 Day High2.33
10 Day Low1.94
20 Day High2.33
20 Day Low1.7
52 Week High2.47
52 Week Low1.08
CS1 End2.1
CR1 Start2.26
Volume & EV
DER(3)5.59%
DER(5)6.84%
Volume53.68M
Volume Incr-24.81%
Vol(5)60.16M
Vol(50)125.83M