DENISON MINES CORP
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 - 1H - Technical analysis published on 02/17/2021 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.37 USD
My targets
1.55 USD (+4.03%)
1.62 USD (+8.99%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DENISON MINES CORP as long as the price remains well above 1.37 USD. The buyers” bullish objective is set at 1.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.62 USD. If there is any crossing, the next objective would be the resistance located at 4.45 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
9.1

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 osborncomp. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DENISON MINES CORP price is 1.49 USD. On the day, this instrument gained +34.23% and was between 1.24 USD and 1.55 USD. This implies that the price is at +20.16% from its lowest and at -3.87% from its highest.

1.24
1.55
1.49

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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



Abnormal volumes on DENISON MINES CORP were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of DENISON MINES CORP in 1H 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.00 1.07 1.34 1.49 1.55 4.45 7.69
Change (%) -32.89% -28.19% -10.07% - +4.03% +198.66% +416.11%
Change -0.49 -0.42 -0.15 - +0.06 +2.96 +6.20
Level Intermediate Minor Minor - Intermediate 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
Standard0.740.901.011.171.281.441.55
Camarilla1.041.061.091.111.141.161.18
Woodie0.710.890.981.161.251.431.52
Fibonacci0.901.011.071.171.281.341.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.290.540.831.081.371.621.91
Camarilla0.961.011.061.111.161.211.26
Woodie0.300.550.841.091.381.631.92
Fibonacci0.540.750.881.081.291.421.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.370.500.580.700.790.910.99
Camarilla0.600.620.640.660.680.700.72
Woodie0.350.480.550.690.760.900.97
Fibonacci0.500.580.620.700.780.830.91

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): 76.32
MACD (12,26,9): 0.1300
Directional Movement: 26.68
AROON (14): 71.43
DEMA (21): 1.42
Parabolic SAR (0,02-0,02-0,2): 1.23
Elder Ray (13): 0.14
Super Trend (3,10): 1.14
Zig ZAG (10): 1.49
VORTEX (21): 1.1100
Stochastique (14,3,5): 82.00
TEMA (21): 1.48
Williams %R (14): -12.50
Chande Momentum Oscillator (20): 0.30
Repulse (5,40,3): 7.9400
ROCnROLL: 1
TRIX (15,9): 1.4900
Courbe Coppock: 56.17
MA7: 1.03
MA20: 0.82
MA50: 0.71
MA100: 0.54
MAexp7: 1.41
MAexp20: 1.26
MAexp50: 1.08
MAexp100: 0.95
Price / MA7: +44.66%
Price / MA20: +81.71%
Price / MA50: +109.86%
Price / MA100: +175.93%
Price / MAexp7: +5.67%
Price / MAexp20: +18.25%
Price / MAexp50: +37.96%
Price / MAexp100: +56.84%

Quotes : 2021-02-16 20:59:59 - 15 min delayed data - NYSE MKT Stocks

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

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