Denbury Resources (DNR) Technical Analysis
NYSE:DNR
Current stock price
DNR Technical Rating and Analysis
Overall DNR gets a technical rating of 0 out of 10. DNR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 99% of all other stocks performed better in the past year than DNR.
- DNR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so DNR is lagging the market.
- In the last month DNR has a been trading in the 0.22 - 0.33 range, which is quite wide. It is currently trading near the lows of this range.
- DNR has an average volume of 33493900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
DNR Weekly and Daily overview Charts
DNR Setup Rating and Analysis
The technical rating of DNR is bad and it also does not present a 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
DNR Support and Resistance Analysis
0.23
When analyzing the support we notice one important area.
- Support @0.23 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.46 from a trend line in the daily time frame.
DNR Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for DNR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DNR is down. |
| ChartMill Relative Strength | 1.57 | NEGATIVE | DNR has a low relative strength, it was outperformed by 98.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DNR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DNR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DNR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.59 | NEUTRAL | The RSI value for DNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DNR has a positive trend. |
| Stochastics (14,3) | 13.53 | OVERSOLD | The low Stochastics value suggests DNR may be oversold. |
| Average True Range in percent/ATR (20) | 11.75 | HIGH VOLATILITY | The high ATR as a percentage value for DNR suggests high volalility. |
DNR Chart- and CandleStick Pattern Analysis
DNR Technicals: Chart, Performance Metrics, Trend & Indicators
0.241
+0.01 (+4.78%)
Denbury Resources / DNR TA FAQ
What is the ChartMill technical rating of Denbury Resources (DNR) stock?
ChartMill assigns a technical rating of 0 / 10 to DNR.
What is the trend direction for DNR stock?
The current trend direction for Denbury Resources (DNR) is Bearish.
Can you provide the RSI signal for Denbury Resources?
Denbury Resources (DNR) has an RSI value of 42.5924. This indicates that the stock is currently neutral.
What is the buy/sell signal for Denbury Resources (DNR) stock?
The buy/sell signal for Denbury Resources (DNR) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for Denbury Resources (DNR) stock?
Denbury Resources (DNR) has a support level at 0.23 and a resistance level at 0.25. Check the full technical report for our detailed analysis of DNR support and resistance levels.