DENISON MINES CORP - Daily - Technical analysis published on 04/23/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 1.46 USD
My targets
1.25 USD (-7.41%)
1.10 USD (-18.52%)
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 1.46 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 1.46 USD. The next bearish objective for sellers is set at 1.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.10 USD. In case of crossing, the next objective would be the support located at 0.94 USD. PS: if there is a bullish break in the resistance located at 1.46 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
1.8
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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 1.35 USD. The price has increased by +4.65% since the last closing and was traded between 1.31 USD and 1.38 USD over the period. The price is currently at +3.05% from its lowest and -2.17% from its highest.1.31
1.38
1.35
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DENISON MINES CORP:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of DENISON MINES CORP in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2 (Daily)
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point (Daily)
Type : Bearish
Timeframe : Weekly
Price is back over the pivot point (Weekly)
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.94 | 1.10 | 1.25 | 1.35 | 1.46 | 1.79 | 2.12 |
| Change (%) | -30.37% | -18.52% | -7.41% | - | +8.15% | +32.59% | +57.04% |
| Change | -0.41 | -0.25 | -0.10 | - | +0.11 | +0.44 | +0.77 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
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 | 1.21 | 1.24 | 1.26 | 1.29 | 1.31 | 1.34 | 1.36 |
| Camarilla | 1.28 | 1.28 | 1.29 | 1.29 | 1.30 | 1.30 | 1.30 |
| Woodie | 1.22 | 1.24 | 1.27 | 1.29 | 1.32 | 1.34 | 1.37 |
| Fibonacci | 1.24 | 1.26 | 1.27 | 1.29 | 1.31 | 1.32 | 1.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.17 | 1.21 | 1.30 | 1.34 | 1.43 | 1.47 | 1.56 |
| Camarilla | 1.34 | 1.36 | 1.37 | 1.38 | 1.39 | 1.40 | 1.42 |
| Woodie | 1.19 | 1.22 | 1.32 | 1.35 | 1.45 | 1.48 | 1.58 |
| Fibonacci | 1.21 | 1.26 | 1.29 | 1.34 | 1.39 | 1.42 | 1.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 1.09 | 1.20 | 1.37 | 1.48 | 1.65 | 1.76 |
| Camarilla | 1.22 | 1.25 | 1.27 | 1.30 | 1.33 | 1.35 | 1.38 |
| Woodie | 0.88 | 1.08 | 1.16 | 1.36 | 1.44 | 1.64 | 1.72 |
| Fibonacci | 1.09 | 1.20 | 1.27 | 1.37 | 1.48 | 1.55 | 1.65 |
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): | 51.55 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -3.15 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.18 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.41 | |
| Zig ZAG (10): | 1.36 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 73.06 | |
| TEMA (21): | 1.30 | |
| Williams %R (14): | -12.45 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5300 | |
| Courbe Coppock: | 1.11 |
| MA7: | 1.32 | |
| MA20: | 1.29 | |
| MA50: | 1.42 | |
| MA100: | 1.71 | |
| MAexp7: | 1.31 | |
| MAexp20: | 1.32 | |
| MAexp50: | 1.44 | |
| MAexp100: | 1.61 | |
| Price / MA7: | +2.27% | |
| Price / MA20: | +4.65% | |
| Price / MA50: | -4.93% | |
| Price / MA100: | -21.05% | |
| Price / MAexp7: | +3.05% | |
| Price / MAexp20: | +2.27% | |
| Price / MAexp50: | -6.25% | |
| Price / MAexp100: | -16.15% |
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 Announces Filing of Annual Report on Form 40-F
- Denison Announces Appointment of Former OPG CEO Ken Hartwick to its Board of Directors
- Denison Reports Financial and Operational Results for 2024 Highlighted by Significant Advancement of the Phoenix Project
- Denison Reports CNSC Hearing Dates for Phoenix ISR Project
- Denison Announces Agreement to Form Exploration Joint Ventures with Cosa Resources
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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