DENISON MINES CORP (DNN) Stock Technical Analysis
USA - NYSEARCA:DNN - CA2483561072 - Common Stock
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.
Although DNN has an excellent technical rating, the quality of the presented setup is not ideal 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
2.33
We found 3 important support areas.
- Support @2.87 from a trend line in the daily time frame.
- A support zone ranging from 2.68 to 2.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.35 from a trend 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 | UP | POSITIVE | The short term trend for DNN is up. |
| ChartMill Relative Strength | 91.57 | POSITIVE | DNN has a high relative strength, it outperformed 91.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DNN is below 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) | 64.45 | 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) | 71.89 | NEUTRAL | The Stochastics value for DNN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.15 | HIGH VOLATILITY | The high ATR as a percentage value for DNN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.08 | POSITIVE | The high ADX value value for DNN suggests a strong trend. |
2.92
-0.25 (-7.89%)
DENISON MINES CORP / DNN FAQ
What is the ChartMill technical rating of DENISON MINES CORP (DNN) stock?
ChartMill assigns a technical rating of 10 / 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 64.4539. This indicates that the stock is currently neutral.
What is the buy/sell signal for DNN stock?
The buy/sell signal for DENISON MINES CORP (DNN) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for DENISON MINES CORP?
DENISON MINES CORP (DNN) has a support level at 2.87. Check the full technical report for our detailed analysis of DNN support and resistance levels.