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 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

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

Additional analysis

Quotes

The DENISON MINES CORP price is 1.72 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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DENISON MINES CORP:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Volumes

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
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
Standard1.581.621.651.691.721.761.79
Camarilla1.651.661.661.671.681.681.69
Woodie1.571.621.641.691.711.761.78
Fibonacci1.621.651.671.691.721.741.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.631.661.721.751.811.841.90
Camarilla1.751.751.761.771.781.791.80
Woodie1.641.671.731.761.821.851.91
Fibonacci1.661.701.721.751.791.811.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.441.551.661.771.881.992.10
Camarilla1.711.731.751.771.791.811.83
Woodie1.441.551.661.771.881.992.10
Fibonacci1.551.631.691.771.851.911.99

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

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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