DENISON MINES CORP

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DNN
ISIN:	CA2483561072

DENISON MINES CORP - Daily - Technical analysis published on 04/10/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 1.96 USD

My targets

2.34 USD (+12.64%)

2.53 USD (+21.78%)

My analysis

DENISON MINES CORP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.96 USD. The next resistance located at 2.34 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.53 USD. After this resistance, buyers could then target 4.45 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

Comment on the analysis

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.

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Additional analysis

Quotes

The DENISON MINES CORP price is 2.08 USD. The price registered an increase of +1.46% on the session and was traded between 2.00 USD and 2.11 USD over the period. The price is currently at +4.00% from its lowest and -1.42% from its highest.

2.00

2.11

2.08

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DENISON MINES CORP in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Piercing line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.50	1.75	1.96	2.08	2.09	4.45	6.13
Change (%)	-27.88%	-15.87%	-5.77%	-	+0.48%	+113.94%	+194.71%
Change	-0.58	-0.33	-0.12	-	+0.01	+2.37	+4.05
Level	Major	Major	Major	-	Major	Major	Minor

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	1.94	1.99	2.02	2.07	2.10	2.15	2.18
Camarilla	2.03	2.04	2.04	2.05	2.06	2.07	2.07
Woodie	1.93	1.99	2.01	2.07	2.09	2.15	2.17
Fibonacci	1.99	2.02	2.04	2.07	2.10	2.12	2.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.72	1.85	1.99	2.12	2.26	2.39	2.53
Camarilla	2.07	2.09	2.12	2.14	2.17	2.19	2.21
Woodie	1.74	1.85	2.01	2.12	2.28	2.39	2.55
Fibonacci	1.85	1.95	2.01	2.12	2.22	2.28	2.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.50	1.62	1.78	1.90	2.06	2.18	2.34
Camarilla	1.87	1.90	1.92	1.95	1.98	2.00	2.03
Woodie	1.53	1.63	1.81	1.91	2.09	2.19	2.37
Fibonacci	1.62	1.72	1.79	1.90	2.00	2.07	2.18

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):	57.77
MACD (12,26,9):	0.0600
Directional Movement:	8.57
AROON (14):	71.43
DEMA (21):	2.09
Parabolic SAR (0,02-0,02-0,2):	2.24
Elder Ray (13):	0.01
Super Trend (3,10):	1.91
Zig ZAG (10):	2.07
VORTEX (21):	1.0900
Stochastique (14,3,5):	55.57
TEMA (21):	2.13
Williams %R (14):	-48.53
Chande Momentum Oscillator (20):	0.14
Repulse (5,40,3):	-0.6000
ROCnROLL:	1
TRIX (15,9):	0.3800
Courbe Coppock:	23.30

MA7:	2.12
MA20:	1.98
MA50:	1.95
MA100:	1.88
MAexp7:	2.08
MAexp20:	2.01
MAexp50:	1.94
MAexp100:	1.85
Price / MA7:	-1.89%
Price / MA20:	+5.05%
Price / MA50:	+6.67%
Price / MA100:	+10.64%
Price / MAexp7:	-0%
Price / MAexp20:	+3.48%
Price / MAexp50:	+7.22%
Price / MAexp100:	+12.43%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on DENISON MINES CORP at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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