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 - 1H - Technical analysis published on 11/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.20 USD

My targets

2.34 USD (+2.31%)

2.42 USD (+5.68%)

My analysis

The bullish trend is currently very strong on DENISON MINES CORP. As long as the price remains above the support at 2.20 USD, you could try to benefit from the boom. The first bullish objective is located at 2.34 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.42 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

8.6

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

Additional analysis

Quotes

The DENISON MINES CORP price is 2.29 USD. The price registered an increase of +9.57% on the session with the lowest point at 2.16 USD and the highest point at 2.33 USD. The deviation from the price is +6.02% for the low point and -1.72% for the high point.

2.16

2.33

2.29

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.12	2.20	2.28	2.29	2.42	4.45
Change (%)	-7.42%	-3.93%	-0.44%	-	+5.68%	+94.32%
Change	-0.17	-0.09	-0.01	-	+0.13	+2.16
Level	Major	Intermediate	Major	-	Major	Intermediate

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	1.82	1.92	2.01	2.11	2.20	2.30	2.39
Camarilla	2.04	2.06	2.07	2.09	2.11	2.13	2.14
Woodie	1.81	1.92	2.00	2.11	2.19	2.30	2.38
Fibonacci	1.92	2.00	2.04	2.11	2.19	2.23	2.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.72	1.84	1.97	2.09	2.22	2.34	2.47
Camarilla	2.02	2.04	2.07	2.09	2.11	2.14	2.16
Woodie	1.72	1.84	1.97	2.09	2.22	2.34	2.47
Fibonacci	1.84	1.94	2.00	2.09	2.19	2.25	2.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.23	1.53	1.81	2.11	2.39	2.69	2.97
Camarilla	1.94	1.99	2.05	2.10	2.15	2.21	2.26
Woodie	1.23	1.53	1.81	2.11	2.39	2.69	2.97
Fibonacci	1.53	1.75	1.89	2.11	2.33	2.47	2.69

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.07
MACD (12,26,9):	0.0500
Directional Movement:	28.33
AROON (14):	92.86
DEMA (21):	2.21
Parabolic SAR (0,02-0,02-0,2):	2.09
Elder Ray (13):	0.12
Super Trend (3,10):	2.11
Zig ZAG (10):	2.28
VORTEX (21):	1.1300
Stochastique (14,3,5):	90.37
TEMA (21):	2.25
Williams %R (14):	-16.67
Chande Momentum Oscillator (20):	0.21
Repulse (5,40,3):	1.4300
ROCnROLL:	1
TRIX (15,9):	0.1800
Courbe Coppock:	14.30

MA7:	2.11
MA20:	2.13
MA50:	1.96
MA100:	1.87
MAexp7:	2.23
MAexp20:	2.15
MAexp50:	2.11
MAexp100:	2.10
Price / MA7:	+8.53%
Price / MA20:	+7.51%
Price / MA50:	+16.84%
Price / MA100:	+22.46%
Price / MAexp7:	+2.69%
Price / MAexp20:	+6.51%
Price / MAexp50:	+8.53%
Price / MAexp100:	+9.05%

Quotes : - 15 min delayed data - 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:

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

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