DENISON MINES CORP - Daily - Technical analysis published on 09/10/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.50 USD
My targets
1.41 USD (-4.29%)
1.29 USD (-12.24%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DENISON MINES CORP as long as the price remains well below 1.50 USD. The sellers' bearish objective is set at 1.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.29 USD. In case of crossing, the next objective would be the support located at 0.95 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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Additional analysis
Quotes
The DENISON MINES CORP rating is 1.47 USD. The price has increased by +2.08% since the last closing with the lowest point at 1.43 USD and the highest point at 1.48 USD. The deviation from the price is +2.80% for the low point and -0.68% for the high point.1.43
1.48
1.47
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DENISON MINES CORP in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.64 | 0.95 | 1.29 | 1.47 | 1.50 | 1.79 | 1.97 |
| Change (%) | -56.46% | -35.37% | -12.24% | - | +2.04% | +21.77% | +34.01% |
| Change | -0.83 | -0.52 | -0.18 | - | +0.03 | +0.32 | +0.50 |
| Level | Minor | Major | Minor | - | Major | Major | 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 | 1.37 | 1.40 | 1.42 | 1.45 | 1.47 | 1.50 | 1.52 |
| Camarilla | 1.43 | 1.43 | 1.44 | 1.44 | 1.45 | 1.45 | 1.45 |
| Woodie | 1.37 | 1.40 | 1.42 | 1.45 | 1.47 | 1.50 | 1.52 |
| Fibonacci | 1.40 | 1.42 | 1.43 | 1.45 | 1.47 | 1.48 | 1.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.07 | 1.23 | 1.34 | 1.50 | 1.61 | 1.77 | 1.88 |
| Camarilla | 1.37 | 1.39 | 1.42 | 1.44 | 1.47 | 1.49 | 1.51 |
| Woodie | 1.04 | 1.22 | 1.31 | 1.49 | 1.58 | 1.76 | 1.85 |
| Fibonacci | 1.23 | 1.34 | 1.40 | 1.50 | 1.61 | 1.67 | 1.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.87 | 1.14 | 1.41 | 1.68 | 1.95 | 2.22 | 2.49 |
| Camarilla | 1.52 | 1.57 | 1.62 | 1.67 | 1.72 | 1.77 | 1.82 |
| Woodie | 0.86 | 1.14 | 1.40 | 1.68 | 1.94 | 2.22 | 2.48 |
| Fibonacci | 1.14 | 1.35 | 1.48 | 1.68 | 1.89 | 2.02 | 2.22 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.08 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -17.14 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 1.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.71 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 1.71 | |
| Zig ZAG (10): | 1.46 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 13.24 | |
| TEMA (21): | 1.48 | |
| Williams %R (14): | -82.43 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -5.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5800 | |
| Courbe Coppock: | 7.97 |
| MA7: | 1.51 | |
| MA20: | 1.57 | |
| MA50: | 1.77 | |
| MA100: | 1.95 | |
| MAexp7: | 1.50 | |
| MAexp20: | 1.58 | |
| MAexp50: | 1.72 | |
| MAexp100: | 1.83 | |
| Price / MA7: | -2.65% | |
| Price / MA20: | -6.37% | |
| Price / MA50: | -16.95% | |
| Price / MA100: | -24.62% | |
| Price / MAexp7: | -2.00% | |
| Price / MAexp20: | -6.96% | |
| Price / MAexp50: | -14.53% | |
| Price / MAexp100: | -19.67% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on DENISON MINES CORP at the time of the generation of this analysis was as follows:
- Grounded Lithium Announces Robust $4.5 Million Budget Funded by Denison Mines for the Kindersley Lithium Project
- Denison CEO Highlights Phoenix Post-Feasibility Study Progress and Company Reports Financial and Operational Results for Q2'2024
- Denison Announces Signing of Wheeler River Benefit Agreements with Kineepik Métis Local #9 and the Village of Pinehouse Lake
- Denison Announces Completion of Inaugural ISR Field Test Program at Midwest
- Denison Announces Results of Shareholder Meeting & Appointment of Jennifer Traub as Board Chair
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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