DENISON MINES CORP - 1H - Technical analysis published on 12/27/2023 (GMT)
- 140
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 1.72 USD and 1.79 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.72 USD. The first resistance is located at 1.79 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The DENISON MINES CORP rating is 1.76 USD. On the day, this instrument lost -0.57% and was between 1.75 USD and 1.78 USD. This implies that the price is at +0.57% from its lowest and at -1.12% from its highest.1.75
1.78
1.76
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
Here is a more detailed summary of the historical variations registered by DENISON MINES CORP:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this DENISON MINES CORP chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.67 | 1.72 | 1.76 | 1.76 | 1.79 | 1.81 | 1.83 |
| Change (%) | -5.11% | -2.27% | 0% | - | +1.70% | +2.84% | +3.98% |
| Change | -0.09 | -0.04 | 0 | - | +0.03 | +0.05 | +0.07 |
| Level | Intermediate | Major | Minor | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.69 | 1.70 | 1.74 | 1.75 | 1.79 | 1.80 | 1.84 |
| Camarilla | 1.76 | 1.76 | 1.77 | 1.77 | 1.78 | 1.78 | 1.78 |
| Woodie | 1.70 | 1.71 | 1.75 | 1.76 | 1.80 | 1.81 | 1.85 |
| Fibonacci | 1.70 | 1.72 | 1.73 | 1.75 | 1.77 | 1.78 | 1.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.44 | 1.55 | 1.64 | 1.75 | 1.84 | 1.95 | 2.04 |
| Camarilla | 1.68 | 1.69 | 1.71 | 1.73 | 1.75 | 1.77 | 1.79 |
| Woodie | 1.43 | 1.55 | 1.63 | 1.75 | 1.83 | 1.95 | 2.03 |
| Fibonacci | 1.55 | 1.63 | 1.67 | 1.75 | 1.83 | 1.87 | 1.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.20 | 1.35 | 1.59 | 1.74 | 1.98 | 2.13 | 2.37 |
| Camarilla | 1.72 | 1.76 | 1.79 | 1.83 | 1.87 | 1.90 | 1.94 |
| Woodie | 1.25 | 1.37 | 1.64 | 1.76 | 2.03 | 2.15 | 2.42 |
| Fibonacci | 1.35 | 1.50 | 1.59 | 1.74 | 1.89 | 1.98 | 2.13 |
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): | 53.94 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 8.09 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.79 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.80 | |
| Zig ZAG (10): | 1.77 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 52.52 | |
| TEMA (21): | 1.76 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 1.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.75 | |
| MA20: | 1.79 | |
| MA50: | 1.70 | |
| MA100: | 1.59 | |
| MAexp7: | 1.76 | |
| MAexp20: | 1.75 | |
| MAexp50: | 1.76 | |
| MAexp100: | 1.77 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | +3.53% | |
| Price / MA100: | +10.69% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.56% |
Quotes :
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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:
- Denison Reports Appointment of Elizabeth Sidle as CFO and Addition of Geoff Smith to Executive Team
- Denison Reports Financial Results from Q3'2023, Including EPS of $0.07 Driven by Significant Gains on Physical Uranium Holdings
- Denison Announces Successful Completion of Inaugural ISR Field Test Program at Tthe Heldeth Túé (THT)
- Denison Announces Successful Completion of Recovered Solution Management Phase of Phoenix ISR Feasibility Field Test
- Denison Completes US$55 Million Offering to Fund Long-Lead Procurement for Phoenix ISR Project
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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