DENISON MINES CORP - 1H - Technical analysis published on 01/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1.79 USD
My targets
1.67 USD (-2.91%)
1.65 USD (-4.07%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.79 USD remains possible. It is advisable to trade DENISON MINES CORP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.79 USD. The next bearish objective for sellers is set at 1.67 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.65 USD. In case of crossing, the next objective would be the support located at 1.50 USD. PS: if there is a bullish break in the resistance located at 1.79 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DENISON MINES CORP price is 1.72 USD. The price registered an increase of +2.99% on the session and was between 1.67 USD and 1.73 USD. This implies that the price is at +2.99% from its lowest and at -0.58% from its highest.1.67
1.73
1.72
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DENISON MINES CORP:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of DENISON MINES CORP indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.50 | 1.65 | 1.67 | 1.72 | 1.72 | 1.79 | 1.83 |
| Change (%) | -12.79% | -4.07% | -2.91% | 0% | - | +4.07% | +6.40% |
| Change | -0.22 | -0.07 | -0.05 | 0 | - | +0.07 | +0.11 |
| Level | Major | Minor | Intermediate | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.58 | 1.62 | 1.65 | 1.69 | 1.72 | 1.76 | 1.79 |
| Camarilla | 1.65 | 1.66 | 1.66 | 1.67 | 1.68 | 1.68 | 1.69 |
| Woodie | 1.57 | 1.62 | 1.64 | 1.69 | 1.71 | 1.76 | 1.78 |
| Fibonacci | 1.62 | 1.65 | 1.67 | 1.69 | 1.72 | 1.74 | 1.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.63 | 1.66 | 1.72 | 1.75 | 1.81 | 1.84 | 1.90 |
| Camarilla | 1.75 | 1.75 | 1.76 | 1.77 | 1.78 | 1.79 | 1.80 |
| Woodie | 1.64 | 1.67 | 1.73 | 1.76 | 1.82 | 1.85 | 1.91 |
| Fibonacci | 1.66 | 1.70 | 1.72 | 1.75 | 1.79 | 1.81 | 1.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.44 | 1.55 | 1.66 | 1.77 | 1.88 | 1.99 | 2.10 |
| Camarilla | 1.71 | 1.73 | 1.75 | 1.77 | 1.79 | 1.81 | 1.83 |
| Woodie | 1.44 | 1.55 | 1.66 | 1.77 | 1.88 | 1.99 | 2.10 |
| Fibonacci | 1.55 | 1.63 | 1.69 | 1.77 | 1.85 | 1.91 | 1.99 |
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): | 49.20 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 1.15 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.73 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.76 | |
| Zig ZAG (10): | 1.72 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 48.63 | |
| TEMA (21): | 1.69 | |
| Williams %R (14): | -43.75 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 1.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.86 |
| MA7: | 1.73 | |
| MA20: | 1.76 | |
| MA50: | 1.72 | |
| MA100: | 1.61 | |
| MAexp7: | 1.70 | |
| MAexp20: | 1.71 | |
| MAexp50: | 1.73 | |
| MAexp100: | 1.74 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -2.27% | |
| Price / MA50: | -0% | |
| Price / MA100: | +6.83% | |
| Price / MAexp7: | +1.18% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -1.15% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
Don't forget to follow the news on DENISON MINES CORP. At the time of publication of this analysis, the latest news 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.
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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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