DENISON MINES CORP - 1H - Technical analysis published on 08/26/2024 (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
78%
6%
17%
My opinion
Bullish above 1.66 USD
My targets
1.79 USD (+2.29%)
1.82 USD (+4.17%)
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 1.66 USD. The buyers' bullish objective is set at 1.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.82 USD. If there is any crossing, the next objective would be the resistance located at 1.97 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
0
10
8
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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 1.75 USD. The price has increased by +2.34% since the last closing and was traded between 1.72 USD and 1.77 USD over the period. The price is currently at +1.74% from its lowest and -1.13% from its highest.1.72
1.77
1.75
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this DENISON MINES CORP chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.42 | 1.50 | 1.63 | 1.75 | 1.79 | 1.97 | 2.12 |
| Change (%) | -18.86% | -14.29% | -6.86% | - | +2.29% | +12.57% | +21.14% |
| Change | -0.33 | -0.25 | -0.12 | - | +0.04 | +0.22 | +0.37 |
| Level | Minor | Major | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.43 | 1.51 | 1.61 | 1.69 | 1.79 | 1.87 | 1.97 |
| Camarilla | 1.66 | 1.68 | 1.69 | 1.71 | 1.73 | 1.74 | 1.76 |
| Woodie | 1.44 | 1.52 | 1.62 | 1.70 | 1.80 | 1.88 | 1.98 |
| Fibonacci | 1.51 | 1.58 | 1.62 | 1.69 | 1.76 | 1.80 | 1.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.26 | 1.38 | 1.54 | 1.66 | 1.82 | 1.94 | 2.10 |
| Camarilla | 1.63 | 1.66 | 1.68 | 1.71 | 1.74 | 1.76 | 1.79 |
| Woodie | 1.29 | 1.39 | 1.57 | 1.67 | 1.85 | 1.95 | 2.13 |
| Fibonacci | 1.38 | 1.48 | 1.55 | 1.66 | 1.76 | 1.83 | 1.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.26 | 1.54 | 1.75 | 2.03 | 2.24 | 2.52 | 2.73 |
| Camarilla | 1.84 | 1.88 | 1.93 | 1.97 | 2.02 | 2.06 | 2.11 |
| Woodie | 1.24 | 1.52 | 1.73 | 2.01 | 2.22 | 2.50 | 2.71 |
| Fibonacci | 1.54 | 1.72 | 1.84 | 2.03 | 2.21 | 2.33 | 2.52 |
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): | 66.80 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 20.91 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.61 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.62 | |
| Zig ZAG (10): | 1.76 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 91.67 | |
| TEMA (21): | 1.76 | |
| Williams %R (14): | -3.57 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 2.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 24.98 |
| MA7: | 1.61 | |
| MA20: | 1.62 | |
| MA50: | 1.87 | |
| MA100: | 2.01 | |
| MAexp7: | 1.73 | |
| MAexp20: | 1.67 | |
| MAexp50: | 1.62 | |
| MAexp100: | 1.63 | |
| Price / MA7: | +8.70% | |
| Price / MA20: | +8.02% | |
| Price / MA50: | -6.42% | |
| Price / MA100: | -12.94% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +4.79% | |
| Price / MAexp50: | +8.02% | |
| Price / MAexp100: | +7.36% |
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 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
- Denison Reports Financial and Operational Results for Q1 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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