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 - Weekly - Technical analysis published on 05/29/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 2.12 USD

My targets

2.48 USD (+3.89%)

4.45 USD (+86.19%)

My analysis

The bullish trend is currently very strong on DENISON MINES CORP. As long as the price remains above the support at 2.12 USD, you could try to benefit from the boom. The first bullish objective is located at 2.48 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.45 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

9.1

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 Qaisali123. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DENISON MINES CORP rating 2.39 USD. with the lowest point at - USD and the highest point at - USD. The deviation from the price is - for the low point and - for the high point.

2.39

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of DENISON MINES CORP indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.50	1.78	2.12	2.39	2.45	4.45
Change (%)	-37.24%	-25.52%	-11.30%	-	+2.51%	+86.19%
Change	-0.89	-0.61	-0.27	-	+0.06	+2.06
Level	Major	Minor	Major	-	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.25	2.28	2.34	2.37	2.43	2.46	2.52
Camarilla	2.38	2.38	2.39	2.40	2.41	2.42	2.43
Woodie	2.27	2.29	2.36	2.38	2.45	2.47	2.54
Fibonacci	2.28	2.31	2.34	2.37	2.40	2.43	2.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.16	2.19	2.26	2.29	2.36	2.39	2.46
Camarilla	2.29	2.30	2.31	2.32	2.33	2.34	2.35
Woodie	2.17	2.20	2.27	2.30	2.37	2.40	2.47
Fibonacci	2.19	2.23	2.26	2.29	2.33	2.36	2.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.55	1.75	1.86	2.06	2.17	2.37	2.48
Camarilla	1.90	1.92	1.95	1.98	2.01	2.04	2.07
Woodie	1.52	1.73	1.83	2.04	2.14	2.35	2.45
Fibonacci	1.75	1.87	1.94	2.06	2.18	2.25	2.37

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):	67.96
MACD (12,26,9):	0.1500
Directional Movement:	18.10
AROON (14):	78.57
DEMA (21):	2.23
Parabolic SAR (0,02-0,02-0,2):	1.90
Elder Ray (13):	0.23
Super Trend (3,10):	1.83
Zig ZAG (10):	2.38
VORTEX (21):	1.1600
Stochastique (14,3,5):	96.60
TEMA (21):	2.27
Williams %R (14):	-2.99
Chande Momentum Oscillator (20):	0.53
Repulse (5,40,3):	7.8700
ROCnROLL:	1
TRIX (15,9):	1.0200
Courbe Coppock:	30.68

MA7:	2.31
MA20:	2.18
MA50:	2.09
MA100:	2.00
MAexp7:	2.21
MAexp20:	2.04
MAexp50:	1.80
MAexp100:	1.57
Price / MA7:	+3.46%
Price / MA20:	+9.63%
Price / MA50:	+14.35%
Price / MA100:	+19.50%
Price / MAexp7:	+8.14%
Price / MAexp20:	+17.16%
Price / MAexp50:	+32.78%
Price / MAexp100:	+52.23%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The last news published on DENISON MINES CORP at the time of the generation of this analysis was as follows:

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

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