DENISON MINES CORP - 1H - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1.83 USD
My targets
1.96 USD (+4.26%)
2.02 USD (+7.45%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on DENISON MINES CORP as long as the price remains well above 1.83 USD. The buyers' bullish objective is set at 1.96 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.02 USD. If there is any crossing, the next objective would be the resistance located at 2.09 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DENISON MINES CORP rating 1.88 USD. On the day, this instrument lost -0.53% with the lowest point at 1.81 USD and the highest point at 1.88 USD. The deviation from the price is +3.87% for the low point and 0% for the high point.1.81
1.88
1.88
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DENISON MINES CORP indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Ichimoku : price is over the cloud
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 triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.74 | 1.79 | 1.83 | 1.88 | 1.88 | 1.96 | 2.02 |
| Change (%) | -7.45% | -4.79% | -2.66% | 0% | - | +4.26% | +7.45% |
| Change | -0.14 | -0.09 | -0.05 | 0 | - | +0.08 | +0.14 |
| Level | Minor | Major | Minor | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.79 | 1.82 | 1.85 | 1.88 | 1.91 | 1.94 | 1.97 |
| Camarilla | 1.87 | 1.88 | 1.89 | 1.89 | 1.90 | 1.90 | 1.91 |
| Woodie | 1.80 | 1.82 | 1.86 | 1.88 | 1.92 | 1.94 | 1.98 |
| Fibonacci | 1.82 | 1.84 | 1.85 | 1.88 | 1.90 | 1.91 | 1.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.62 | 1.67 | 1.78 | 1.83 | 1.94 | 1.99 | 2.10 |
| Camarilla | 1.84 | 1.85 | 1.87 | 1.88 | 1.90 | 1.91 | 1.92 |
| Woodie | 1.64 | 1.69 | 1.80 | 1.85 | 1.96 | 2.01 | 2.12 |
| Fibonacci | 1.67 | 1.73 | 1.77 | 1.83 | 1.89 | 1.93 | 1.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.22 | 1.48 | 1.63 | 1.89 | 2.04 | 2.30 | 2.45 |
| Camarilla | 1.67 | 1.71 | 1.74 | 1.78 | 1.82 | 1.86 | 1.89 |
| Woodie | 1.17 | 1.45 | 1.58 | 1.86 | 1.99 | 2.27 | 2.40 |
| Fibonacci | 1.48 | 1.64 | 1.73 | 1.89 | 2.05 | 2.14 | 2.30 |
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): | 52.65 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 2.35 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.89 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.78 | |
| Zig ZAG (10): | 1.86 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 53.19 | |
| TEMA (21): | 1.87 | |
| Williams %R (14): | -38.89 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 1.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.14 |
| MA7: | 1.84 | |
| MA20: | 1.83 | |
| MA50: | 1.91 | |
| MA100: | 1.82 | |
| MAexp7: | 1.86 | |
| MAexp20: | 1.85 | |
| MAexp50: | 1.85 | |
| MAexp100: | 1.85 | |
| Price / MA7: | +2.17% | |
| Price / MA20: | +2.73% | |
| Price / MA50: | -1.57% | |
| Price / MA100: | +3.30% | |
| Price / MAexp7: | +1.08% | |
| Price / MAexp20: | +1.62% | |
| Price / MAexp50: | +1.62% | |
| Price / MAexp100: | +1.62% |
Quotes :
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15 min delayed data
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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 Impressive Financial and Operational Results for 2023 Including Significant Increase in Phoenix ISR Project Economics and a $134 Million Gain on Physical Uranium Holdings
- Denison Announces Exclusive Acquisition of MaxPERF Tool Systems, Enhancing Denison's Leadership in ISR Mining in the Athabasca Basin
- Grounded Lithium Closes Earn-in Agreement with Denison Mines
- Orano Canada and Denison Announce JV Approval to Restart McClean Lake Mining Operations
- Denison Announces $16 Million Contract Award to Wood for Completion of Detailed Design Engineering for Flagship 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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