DENISON MINES CORP - Daily - Technical analysis published on 09/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 1.68 USD
My targets
1.50 USD (-5.06%)
1.29 USD (-18.35%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.68 USD remains possible. It is advisable to trade DENISON MINES CORP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.68 USD. The next bearish objective for sellers is set at 1.50 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. PS: if there is a bullish break in the resistance located at 1.68 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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Additional analysis
Quotes
The DENISON MINES CORP rating is 1.58 USD. On the day, this instrument gained +3.95% with the lowest point at 1.54 USD and the highest point at 1.59 USD. The deviation from the price is +2.60% for the low point and -0.63% for the high point.1.54
1.59
1.58
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this DENISON MINES CORP chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.95 | 1.29 | 1.50 | 1.58 | 1.79 | 1.97 | 2.12 |
| Change (%) | -39.87% | -18.35% | -5.06% | - | +13.29% | +24.68% | +34.18% |
| Change | -0.63 | -0.29 | -0.08 | - | +0.21 | +0.39 | +0.54 |
| Level | Major | Minor | Major | - | Major | Intermediate | 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 | 1.42 | 1.47 | 1.49 | 1.54 | 1.56 | 1.61 | 1.63 |
| Camarilla | 1.50 | 1.51 | 1.51 | 1.52 | 1.53 | 1.53 | 1.54 |
| Woodie | 1.42 | 1.46 | 1.49 | 1.53 | 1.56 | 1.60 | 1.63 |
| Fibonacci | 1.47 | 1.49 | 1.51 | 1.54 | 1.56 | 1.58 | 1.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.23 | 1.33 | 1.45 | 1.55 | 1.67 | 1.77 | 1.89 |
| Camarilla | 1.51 | 1.53 | 1.55 | 1.57 | 1.59 | 1.61 | 1.63 |
| Woodie | 1.24 | 1.34 | 1.46 | 1.56 | 1.68 | 1.78 | 1.90 |
| Fibonacci | 1.33 | 1.41 | 1.47 | 1.55 | 1.63 | 1.69 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.50 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -7.87 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.61 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.72 | |
| Zig ZAG (10): | 1.56 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 49.53 | |
| TEMA (21): | 1.54 | |
| Williams %R (14): | -41.07 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -4.6400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 9.30 |
| MA7: | 1.56 | |
| MA20: | 1.57 | |
| MA50: | 1.70 | |
| MA100: | 1.92 | |
| MAexp7: | 1.55 | |
| MAexp20: | 1.57 | |
| MAexp50: | 1.68 | |
| MAexp100: | 1.80 | |
| Price / MA7: | +1.28% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -7.06% | |
| Price / MA100: | -17.71% | |
| Price / MAexp7: | +1.94% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | -5.95% | |
| Price / MAexp100: | -12.22% |
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:
- 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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