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 04/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.09 USD

My targets

2.16 USD (+1.41%)

2.22 USD (+4.23%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DENISON MINES CORP as long as the price remains well above 2.09 USD. The buyers' bullish objective is set at 2.16 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.22 USD. If there is any crossing, the next objective would be the resistance located at 4.45 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

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:

Additional analysis

Quotes

The DENISON MINES CORP rating is 2.13 USD. The price registered an increase of +4.93% on the session and was between 2.02 USD and 2.13 USD. This implies that the price is at +5.45% from its lowest and at 0% from its highest.

2.02

2.13

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

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 strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

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:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.96	2.04	2.09	2.13	2.16	2.22	4.45
Change (%)	-7.98%	-4.23%	-1.88%	-	+1.41%	+4.23%	+108.92%
Change	-0.17	-0.09	-0.04	-	+0.03	+0.09	+2.32
Level	Major	Intermediate	Major	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.80	1.88	1.95	2.03	2.10	2.18	2.25
Camarilla	1.99	2.00	2.02	2.03	2.04	2.06	2.07
Woodie	1.81	1.88	1.96	2.03	2.11	2.18	2.26
Fibonacci	1.88	1.93	1.97	2.03	2.08	2.12	2.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.79	1.86	1.95	2.02	2.11	2.18	2.27
Camarilla	1.99	2.00	2.02	2.03	2.05	2.06	2.07
Woodie	1.79	1.87	1.95	2.03	2.11	2.19	2.27
Fibonacci	1.86	1.92	1.96	2.02	2.08	2.12	2.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.50	1.62	1.78	1.90	2.06	2.18	2.34
Camarilla	1.87	1.90	1.92	1.95	1.98	2.00	2.03
Woodie	1.53	1.63	1.81	1.91	2.09	2.19	2.37
Fibonacci	1.62	1.72	1.79	1.90	2.00	2.07	2.18

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):	63.66
MACD (12,26,9):	0.0300
Directional Movement:	23.08
AROON (14):	92.86
DEMA (21):	2.07
Parabolic SAR (0,02-0,02-0,2):	1.96
Elder Ray (13):	0.05
Super Trend (3,10):	1.97
Zig ZAG (10):	2.11
VORTEX (21):	1.0800
Stochastique (14,3,5):	91.60
TEMA (21):	2.09
Williams %R (14):	-11.11
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	3.4600
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	10.19

MA7:	2.01
MA20:	2.07
MA50:	1.95
MA100:	1.91
MAexp7:	2.08
MAexp20:	2.04
MAexp50:	2.03
MAexp100:	2.03
Price / MA7:	+5.97%
Price / MA20:	+2.90%
Price / MA50:	+9.23%
Price / MA100:	+11.52%
Price / MAexp7:	+2.40%
Price / MAexp20:	+4.41%
Price / MAexp50:	+4.93%
Price / MAexp100:	+4.93%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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