DENISON MINES CORP - 1H - Technical analysis published on 12/22/2023 (GMT)
- 132
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.76 USD
My targets
1.79 USD (+1.13%)
1.83 USD (+3.39%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for DENISON MINES CORP as long as the price remains well above 1.76 USD. The buyers' bullish objective is set at 1.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.83 USD. If there is any crossing, the next objective would be the resistance located at 1.88 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.79 USD. On this resistance, against the trend traders who would like to go short on DENISON MINES CORP with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DENISON MINES CORP rating is 1.77 USD. The price registered a decrease of -1.12% on the session and was traded between 1.76 USD and 1.81 USD over the period. The price is currently at +0.57% from its lowest and -2.21% from its highest.1.76
1.81
1.77
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of DENISON MINES CORP indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.65 | 1.73 | 1.76 | 1.77 | 1.79 | 1.83 | 1.88 |
| Change (%) | -6.78% | -2.26% | -0.56% | - | +1.13% | +3.39% | +6.21% |
| Change | -0.12 | -0.04 | -0.01 | - | +0.02 | +0.06 | +0.11 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.67 | 1.70 | 1.74 | 1.77 | 1.81 | 1.84 | 1.88 |
| Camarilla | 1.77 | 1.78 | 1.78 | 1.79 | 1.80 | 1.80 | 1.81 |
| Woodie | 1.69 | 1.70 | 1.76 | 1.77 | 1.83 | 1.84 | 1.90 |
| Fibonacci | 1.70 | 1.72 | 1.74 | 1.77 | 1.79 | 1.81 | 1.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.55 | 1.63 | 1.70 | 1.78 | 1.85 | 1.93 | 2.00 |
| Camarilla | 1.72 | 1.73 | 1.75 | 1.76 | 1.77 | 1.79 | 1.80 |
| Woodie | 1.54 | 1.63 | 1.69 | 1.78 | 1.84 | 1.93 | 1.99 |
| Fibonacci | 1.63 | 1.69 | 1.73 | 1.78 | 1.84 | 1.88 | 1.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.20 | 1.35 | 1.59 | 1.74 | 1.98 | 2.13 | 2.37 |
| Camarilla | 1.72 | 1.76 | 1.79 | 1.83 | 1.87 | 1.90 | 1.94 |
| Woodie | 1.25 | 1.37 | 1.64 | 1.76 | 2.03 | 2.15 | 2.42 |
| Fibonacci | 1.35 | 1.50 | 1.59 | 1.74 | 1.89 | 1.98 | 2.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.89 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 10.44 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.71 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.80 | |
| Zig ZAG (10): | 1.77 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 79.27 | |
| TEMA (21): | 1.76 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 6.24 |
| MA7: | 1.76 | |
| MA20: | 1.80 | |
| MA50: | 1.69 | |
| MA100: | 1.58 | |
| MAexp7: | 1.76 | |
| MAexp20: | 1.75 | |
| MAexp50: | 1.76 | |
| MAexp100: | 1.77 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | -1.67% | |
| Price / MA50: | +4.73% | |
| Price / MA100: | +12.03% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.14% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | -0% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
Don't forget to follow the news on DENISON MINES CORP. At the time of publication of this analysis, the latest news was as follows:
- Denison Reports Appointment of Elizabeth Sidle as CFO and Addition of Geoff Smith to Executive Team
- Denison Reports Financial Results from Q3'2023, Including EPS of $0.07 Driven by Significant Gains on Physical Uranium Holdings
- Denison Announces Successful Completion of Inaugural ISR Field Test Program at Tthe Heldeth Túé (THT)
- Denison Announces Successful Completion of Recovered Solution Management Phase of Phoenix ISR Feasibility Field Test
- Denison Completes US$55 Million Offering to Fund Long-Lead Procurement for Phoenix ISR Project
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DENISON MINES CORP - 1H