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 - Daily - Technical analysis published on 05/17/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 2.22 USD

My targets

2.45 USD (+8.41%)

2.48 USD (+9.87%)

My analysis

The bullish trend is currently very strong on DENISON MINES CORP. As long as the price remains above the support at 2.22 USD, you could try to benefit from the boom. The first bullish objective is located at 2.45 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.48 USD as an objective. Crossing it would then enable buyers to target 4.45 USD. 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

8.2

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.

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Additional analysis

Quotes

DENISON MINES CORP rating 2.26 USD. The price registered an increase of +7.62% on the session and was traded between 2.09 USD and 2.27 USD over the period. The price is currently at +8.13% from its lowest and -0.44% from its highest.

2.09

2.27

2.26

Here is a more detailed summary of the historical variations registered by DENISON MINES CORP:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DENISON MINES CORP in Daily shows a strongly overall bullish trend. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.97	2.12	2.22	2.26	2.45	4.45
Change (%)	-12.83%	-6.19%	-1.77%	-	+8.41%	+96.90%
Change	-0.29	-0.14	-0.04	-	+0.19	+2.19
Level	Major	Major	Minor	-	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	1.99	2.03	2.06	2.10	2.13	2.17	2.20
Camarilla	2.08	2.09	2.09	2.10	2.11	2.11	2.12
Woodie	2.00	2.03	2.07	2.10	2.14	2.17	2.21
Fibonacci	2.03	2.05	2.07	2.10	2.12	2.14	2.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.79	1.92	1.99	2.12	2.19	2.32	2.39
Camarilla	2.02	2.03	2.05	2.07	2.09	2.11	2.13
Woodie	1.77	1.91	1.97	2.11	2.17	2.31	2.37
Fibonacci	1.92	1.99	2.04	2.12	2.19	2.24	2.32

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.82
MACD (12,26,9):	0.0300
Directional Movement:	14.62
AROON (14):	92.86
DEMA (21):	2.12
Parabolic SAR (0,02-0,02-0,2):	2.03
Elder Ray (13):	0.08
Super Trend (3,10):	1.91
Zig ZAG (10):	2.26
VORTEX (21):	1.0100
Stochastique (14,3,5):	60.77
TEMA (21):	2.13
Williams %R (14):	-3.57
Chande Momentum Oscillator (20):	0.21
Repulse (5,40,3):	8.6100
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	8.02

MA7:	2.10
MA20:	2.07
MA50:	2.02
MA100:	1.96
MAexp7:	2.12
MAexp20:	2.09
MAexp50:	2.03
MAexp100:	1.95
Price / MA7:	+7.62%
Price / MA20:	+9.18%
Price / MA50:	+11.88%
Price / MA100:	+15.31%
Price / MAexp7:	+6.60%
Price / MAexp20:	+8.13%
Price / MAexp50:	+11.33%
Price / MAexp100:	+15.90%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on DENISON MINES CORP at the time of the analysis were as follows:

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

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