Denbury Resources (DNR) Stock Technical Analysis
NYSE:DNR - New York Stock Exchange, Inc. -
Taking everything into account, DNR scores 0 out of 10 in our technical rating. DNR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DNR is a bad performer in the overall market: 99% of all stocks are doing better.
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.
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
0.23
0.46
When analyzing the support we notice one important area.
- Support @0.23 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- 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.
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. |
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)
0.241
+0.01 (+4.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.78%
1 Week-5.42%
2 Weeks-2.11%
1 Month-28.78%
3 Month-19.93%
6 Month-75.53%
12 Month-76.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%11.75%
ATR Inc-61.75%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.57
Mansfield-7
10 Day High0.33
10 Day Low0.22
20 Day High0.33
20 Day Low0.22
52 Week High1.68
52 Week Low0.16
CS1 End0.23
CR1 Start0.25
Volume & EV
DER(3)-4.31%
DER(5)-4.74%
Volume15.04M
Volume Incr-45.25%
Vol(5)17.51M
Vol(50)33.49M