DENISON MINES CORP - 1H - Technical analysis published on 02/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Additional analysis
Quotes
The DENISON MINES CORP rating is 1.060 USD. On the day, this instrument gained +8.61% and was traded between 0.952 USD and 1.270 USD over the period. The price is currently at +11.34% from its lowest and -16.54% from its highest.A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of DENISON MINES CORP indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.900 | 1.004 | 1.040 | 1.060 | 4.450 | 7.690 | 14.150 |
| Change (%) | -15.09% | -5.28% | -1.89% | - | +319.81% | +625.47% | +1,234.91% |
| Change | -0.160 | -0.056 | -0.020 | - | +3.390 | +6.630 | +13.090 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.764 | 0.832 | 0.904 | 0.972 | 1.044 | 1.112 | 1.184 |
| Camarilla | 0.938 | 0.950 | 0.963 | 0.976 | 0.989 | 1.002 | 1.015 |
| Woodie | 0.766 | 0.833 | 0.906 | 0.973 | 1.046 | 1.113 | 1.186 |
| Fibonacci | 0.832 | 0.886 | 0.919 | 0.972 | 1.026 | 1.059 | 1.112 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.554 | 0.607 | 0.692 | 0.746 | 0.831 | 0.885 | 0.970 |
| Camarilla | 0.739 | 0.752 | 0.764 | 0.777 | 0.790 | 0.802 | 0.815 |
| Woodie | 0.569 | 0.615 | 0.708 | 0.754 | 0.846 | 0.893 | 0.985 |
| Fibonacci | 0.607 | 0.660 | 0.693 | 0.746 | 0.799 | 0.832 | 0.885 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.369 | 0.495 | 0.577 | 0.703 | 0.785 | 0.911 | 0.993 |
| Camarilla | 0.601 | 0.620 | 0.639 | 0.658 | 0.677 | 0.696 | 0.715 |
| Woodie | 0.346 | 0.484 | 0.554 | 0.692 | 0.762 | 0.900 | 0.970 |
| Fibonacci | 0.495 | 0.575 | 0.624 | 0.703 | 0.783 | 0.832 | 0.911 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
| RSI (14): | 61.97 | |
| MACD (12,26,9): | 0.0640 | |
| Directional Movement: | 22.902 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 1.084 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.270 | |
| Elder Ray (13): | 0.036 | |
| Super Trend (3,10): | 0.941 | |
| Zig ZAG (10): | 1.060 | |
| VORTEX (21): | 1.0580 | |
| Stochastique (14,3,5): | 46.95 | |
| TEMA (21): | 1.101 | |
| Williams %R (14): | -56.76 | |
| Chande Momentum Oscillator (20): | 0.122 | |
| Repulse (5,40,3): | -3.2610 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0220 | |
| Courbe Coppock: | 28.47 |
| MA7: | 0.870 | |
| MA20: | 0.770 | |
| MA50: | 0.677 | |
| MA100: | 0.522 | |
| MAexp7: | 1.062 | |
| MAexp20: | 1.000 | |
| MAexp50: | 0.901 | |
| MAexp100: | 0.827 | |
| Price / MA7: | +21.84% | |
| Price / MA20: | +37.66% | |
| Price / MA50: | +56.57% | |
| Price / MA100: | +103.07% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | +6.00% | |
| Price / MAexp50: | +17.65% | |
| Price / MAexp100: | +28.17% |
News
The latest news and videos published on DENISON MINES CORP at the time of the analysis were as follows:
-
Denison Mines Corp. - DNN Stock Chart Technical Analysis for 02-11-2021
- Denison Announces 2020 Phoenix Expansion Drilling Returns Best Results to date at Zone C
- Denison Announces Ramp-Up of Wheeler River Evaluation Activities in 2021
- Denison Announces Discovery of High-grade Uranium Mineralization Four Kilometres Northwest of Phoenix
- Denison Reports Filing of Technical Report for Waterbury PEA
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