DENISON MINES CORP - 1H - Technical analysis published on 02/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.81 USD
My targets
1.74 USD (-2.79%)
1.66 USD (-7.26%)
My analysis
The bearish basic trend is very strong on DENISON MINES CORP but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.81 USD. Crossing the first support at 1.74 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.66 USD as an objective. Crossing it would then enable sellers to target 1.50 USD. Caution, a return to above the resistance located at 1.81 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DENISON MINES CORP price is 1.79 USD. The price registered a decrease of -0.56% on the session and was between 1.75 USD and 1.83 USD. This implies that the price is at +2.29% from its lowest and at -2.19% from its highest.1.75
1.83
1.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this DENISON MINES CORP chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.50 | 1.66 | 1.74 | 1.79 | 1.79 | 1.88 | 2.00 |
| Change (%) | -16.20% | -7.26% | -2.79% | 0% | - | +5.03% | +11.73% |
| Change | -0.29 | -0.13 | -0.05 | 0 | - | +0.09 | +0.21 |
| Level | Major | Major | Intermediate | Minor | - | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.66 | 1.72 | 1.76 | 1.82 | 1.86 | 1.92 | 1.96 |
| Camarilla | 1.77 | 1.78 | 1.79 | 1.80 | 1.81 | 1.82 | 1.83 |
| Woodie | 1.65 | 1.72 | 1.75 | 1.82 | 1.85 | 1.92 | 1.95 |
| Fibonacci | 1.72 | 1.76 | 1.78 | 1.82 | 1.86 | 1.88 | 1.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.52 | 1.63 | 1.70 | 1.81 | 1.88 | 1.99 | 2.06 |
| Camarilla | 1.71 | 1.73 | 1.74 | 1.76 | 1.78 | 1.79 | 1.81 |
| Woodie | 1.49 | 1.62 | 1.67 | 1.80 | 1.85 | 1.98 | 2.03 |
| Fibonacci | 1.63 | 1.70 | 1.75 | 1.81 | 1.88 | 1.93 | 1.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.22 | 1.43 | 1.71 | 1.92 | 2.20 | 2.41 | 2.69 |
| Camarilla | 1.87 | 1.91 | 1.96 | 2.00 | 2.05 | 2.09 | 2.14 |
| Woodie | 1.27 | 1.45 | 1.76 | 1.94 | 2.25 | 2.43 | 2.74 |
| Fibonacci | 1.43 | 1.61 | 1.73 | 1.92 | 2.10 | 2.22 | 2.41 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.08 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -8.23 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 1.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.86 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.78 | |
| Zig ZAG (10): | 1.80 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 1.81 | |
| Williams %R (14): | -70.07 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.01 |
| MA7: | 1.81 | |
| MA20: | 1.94 | |
| MA50: | 1.88 | |
| MA100: | 1.77 | |
| MAexp7: | 1.80 | |
| MAexp20: | 1.81 | |
| MAexp50: | 1.83 | |
| MAexp100: | 1.88 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -7.73% | |
| Price / MA50: | -4.79% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -2.19% | |
| Price / MAexp100: | -4.79% |
Quotes :
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15 min delayed data
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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 Announces Exclusive Acquisition of MaxPERF Tool Systems, Enhancing Denison's Leadership in ISR Mining in the Athabasca Basin
- Grounded Lithium Closes Earn-in Agreement with Denison Mines
- Orano Canada and Denison Announce JV Approval to Restart McClean Lake Mining Operations
- Denison Announces $16 Million Contract Award to Wood for Completion of Detailed Design Engineering for Flagship Phoenix Isr Project
- Grounded Lithium Executes Strategic Investment with Denison Mines
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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