DENISON MINES CORP - 1H - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 2.04 USD
My targets
1.97 USD (-2.48%)
1.91 USD (-5.30%)
My analysis
DENISON MINES CORP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.04 USD. The next support located at 1.97 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.91 USD. Below this support, sellers could then target 1.75 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.6
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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 2.02 USD. The price is lower by -0.49% since the last closing with the lowest point at 1.99 USD and the highest point at 2.06 USD. The deviation from the price is +1.51% for the low point and -1.94% for the high point.1.99
2.06
2.02
Here is a more detailed summary of the historical variations registered by DENISON MINES CORP:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DENISON MINES CORP indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.62 | 1.75 | 1.97 | 2.02 | 2.04 | 2.12 | 2.19 |
| Change (%) | -19.80% | -13.37% | -2.48% | - | +0.99% | +4.95% | +8.42% |
| Change | -0.40 | -0.27 | -0.05 | - | +0.02 | +0.10 | +0.17 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.92 | 1.94 | 1.99 | 2.01 | 2.06 | 2.08 | 2.13 |
| Camarilla | 2.01 | 2.02 | 2.02 | 2.03 | 2.04 | 2.04 | 2.05 |
| Woodie | 1.93 | 1.95 | 2.00 | 2.02 | 2.07 | 2.09 | 2.14 |
| Fibonacci | 1.94 | 1.97 | 1.99 | 2.01 | 2.04 | 2.06 | 2.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.75 | 1.91 | 2.00 | 2.16 | 2.25 | 2.41 | 2.50 |
| Camarilla | 2.01 | 2.03 | 2.06 | 2.08 | 2.10 | 2.13 | 2.15 |
| Woodie | 1.71 | 1.89 | 1.96 | 2.14 | 2.21 | 2.39 | 2.46 |
| Fibonacci | 1.91 | 2.01 | 2.07 | 2.16 | 2.26 | 2.32 | 2.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.57 | 1.77 | 2.07 | 2.27 | 2.57 | 2.77 | 3.07 |
| Camarilla | 2.23 | 2.28 | 2.32 | 2.37 | 2.42 | 2.46 | 2.51 |
| Woodie | 1.62 | 1.80 | 2.12 | 2.30 | 2.62 | 2.80 | 3.12 |
| Fibonacci | 1.77 | 1.96 | 2.08 | 2.27 | 2.46 | 2.58 | 2.77 |
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): | 37.40 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -6.25 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 2.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.98 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 2.09 | |
| Zig ZAG (10): | 2.03 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 56.73 | |
| TEMA (21): | 2.01 | |
| Williams %R (14): | -35.00 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 4.89 |
| MA7: | 2.11 | |
| MA20: | 2.23 | |
| MA50: | 2.16 | |
| MA100: | 1.91 | |
| MAexp7: | 2.03 | |
| MAexp20: | 2.05 | |
| MAexp50: | 2.12 | |
| MAexp100: | 2.17 | |
| Price / MA7: | -4.27% | |
| Price / MA20: | -9.42% | |
| Price / MA50: | -6.48% | |
| Price / MA100: | +5.76% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -1.46% | |
| Price / MAexp50: | -4.72% | |
| Price / MAexp100: | -6.91% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on DENISON MINES CORP at the time of the analysis were as follows:
- Denison Announces Agreement to Form Exploration Joint Ventures with Cosa Resources
- Denison Files Final Wheeler River Environmental Impact Statement with CNSC Following Completion of Technical Review
- Denison to File Early Warning Report in Respect of Foremost Clean Energy Ltd.
- Denison Reports Financial and Operational Results for Q3'2024, Including Positive Progress on Phoenix Engineering and Regulatory Review
- Foremost Clean Energy Announces Brokered Private Placement for Gross Proceeds of up to C$7.0 Million, Including Participation of Denison Mines
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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