DENISON MINES CORP - 1H - Technical analysis published on 02/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.34 USD
My targets
1.15 USD (-4.17%)
1.08 USD (-9.75%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DENISON MINES CORP as long as the price remains well below 1.34 USD. The next bearish objective for sellers is set at 1.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.08 USD. In case of crossing, the next objective would be the support located at 1.00 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.15 USD. With this support, against the trend traders who want to buy DENISON MINES CORP on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.7
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Additional analysis
Quotes
The DENISON MINES CORP rating is 1.20 USD. The price registered a decrease of -5.51% on the session and was traded between 1.15 USD and 1.32 USD over the period. The price is currently at +4.35% from its lowest and -9.09% from its highest.1.15
1.32
1.20
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on DENISON MINES CORP were detected by the Central Volumes scanner:
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 an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.90 | 1.00 | 1.15 | 1.20 | 1.34 | 1.55 | 1.81 |
| Change (%) | -25.00% | -16.67% | -4.17% | - | +11.67% | +29.17% | +50.83% |
| Change | -0.30 | -0.20 | -0.05 | - | +0.14 | +0.35 | +0.61 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
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 | 0.95 | 1.08 | 1.18 | 1.31 | 1.41 | 1.54 | 1.64 |
| Camarilla | 1.21 | 1.23 | 1.25 | 1.27 | 1.29 | 1.31 | 1.33 |
| Woodie | 0.93 | 1.07 | 1.16 | 1.30 | 1.39 | 1.53 | 1.62 |
| Fibonacci | 1.08 | 1.17 | 1.23 | 1.31 | 1.40 | 1.46 | 1.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.29 | 0.54 | 0.83 | 1.08 | 1.37 | 1.62 | 1.91 |
| Camarilla | 0.96 | 1.01 | 1.06 | 1.11 | 1.16 | 1.21 | 1.26 |
| Woodie | 0.30 | 0.55 | 0.84 | 1.09 | 1.38 | 1.63 | 1.92 |
| Fibonacci | 0.54 | 0.75 | 0.88 | 1.08 | 1.29 | 1.42 | 1.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.37 | 0.50 | 0.58 | 0.70 | 0.79 | 0.91 | 0.99 |
| Camarilla | 0.60 | 0.62 | 0.64 | 0.66 | 0.68 | 0.70 | 0.72 |
| Woodie | 0.35 | 0.48 | 0.55 | 0.69 | 0.76 | 0.90 | 0.97 |
| Fibonacci | 0.50 | 0.58 | 0.62 | 0.70 | 0.78 | 0.83 | 0.91 |
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): | 41.54 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -10.06 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.43 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 1.43 | |
| Zig ZAG (10): | 1.20 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 14.99 | |
| TEMA (21): | 1.19 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -3.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 30.81 |
| MA7: | 1.23 | |
| MA20: | 0.91 | |
| MA50: | 0.77 | |
| MA100: | 0.57 | |
| MAexp7: | 1.23 | |
| MAexp20: | 1.28 | |
| MAexp50: | 1.22 | |
| MAexp100: | 1.08 | |
| Price / MA7: | -2.44% | |
| Price / MA20: | +31.87% | |
| Price / MA50: | +55.84% | |
| Price / MA100: | +110.53% | |
| Price / MAexp7: | -2.44% | |
| Price / MAexp20: | -6.25% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | +11.11% |
Quotes :
2021-02-19 20:59:59
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on DENISON MINES CORP at the time of the generation of this analysis was as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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