DENBURY RESOURCES INC.

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	DNR
ISIN:

DENBURY RESOURCES INC. - Daily - Technical analysis published on 06/24/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

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DENBURY RESOURCES INC. Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 1.59 USD

My targets

0.96 USD (-27.27%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DENBURY RESOURCES INC. as long as the price remains well below 1.59 USD. The sellers” bearish objective is set at 0.96 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

The DENBURY RESOURCES INC. rating is 1.32 USD. The price registered a decrease of -3.65% on the session with the lowest point at 1.30 USD and the highest point at 1.43 USD. The deviation from the price is +1.54% for the low point and -7.69% for the high point.

1.30

1.43

1.32

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

Technical

Technical analysis of this Daily chart of DENBURY RESOURCES INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.96	1.32	1.59	2.63	4.67
Change (%)	-27.27%	-	+20.45%	+99.24%	+253.79%
Change	-0.36	-	+0.27	+1.31	+3.35
Level	Major	-	Major	Intermediate	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	1.19	1.26	1.31	1.38	1.43	1.50	1.55
Camarilla	1.34	1.35	1.36	1.37	1.38	1.39	1.40
Woodie	1.19	1.25	1.31	1.38	1.43	1.50	1.55
Fibonacci	1.26	1.30	1.33	1.38	1.42	1.45	1.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.79	0.95	1.08	1.25	1.38	1.54	1.67
Camarilla	1.13	1.16	1.18	1.21	1.24	1.26	1.29
Woodie	0.77	0.94	1.06	1.24	1.36	1.53	1.65
Fibonacci	0.95	1.06	1.13	1.25	1.36	1.43	1.54

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):	41.71
MACD (12,26,9):	-0.1400
Directional Movement:	-6.65
AROON (14):	-42.86
DEMA (21):	1.21
Parabolic SAR (0,02-0,02-0,2):	1.16
Elder Ray (13):	0.03
Super Trend (3,10):	1.54
Zig ZAG (10):	1.32
VORTEX (21):	0.8100
Stochastique (14,3,5):	51.44
TEMA (21):	1.21
Williams %R (14):	-49.38
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	-9.7400
ROCnROLL:	2
TRIX (15,9):	-1.4800
Courbe Coppock:	26.42

MA7:	1.29
MA20:	1.37
MA50:	1.80
MA100:	1.90
MAexp7:	1.31
MAexp20:	1.40
MAexp50:	1.65
MAexp100:	1.94
Price / MA7:	+2.33%
Price / MA20:	-3.65%
Price / MA50:	-26.67%
Price / MA100:	-30.53%
Price / MAexp7:	+0.76%
Price / MAexp20:	-5.71%
Price / MAexp50:	-20.00%
Price / MAexp100:	-31.96%

News

Don"t forget to follow the news on DENBURY RESOURCES INC.. At the time of publication of this analysis, the latest news was as follows:

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

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