DENISON MINES CORP - 1H - Technical analysis published on 04/23/2025 (GMT)
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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
94%
0%
6%
My opinion
Bullish above 1.34 USD
My targets
1.39 USD (+0.72%)
1.46 USD (+5.80%)
My analysis
The bullish trend is currently very strong on DENISON MINES CORP. As long as the price remains above the support at 1.34 USD, you could try to benefit from the boom. The first bullish objective is located at 1.39 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.46 USD as an objective. Crossing it would then enable buyers to target 1.55 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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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 rating is 1.38 USD. On the day, this instrument gained +6.98% and was traded between 1.31 USD and 1.39 USD over the period. The price is currently at +5.34% from its lowest and -0.72% from its highest.1.31
1.39
1.38
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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 this 1H chart of DENISON MINES CORP indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3 (Daily)
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.21 | 1.25 | 1.30 | 1.38 | 1.39 | 1.46 | 1.55 |
| Change (%) | -12.32% | -9.42% | -5.80% | - | +0.72% | +5.80% | +12.32% |
| Change | -0.17 | -0.13 | -0.08 | - | +0.01 | +0.08 | +0.17 |
| Level | Minor | Major | Minor | - | Minor | 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 | 1.21 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.29 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 17.21 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.26 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.24 | |
| Zig ZAG (10): | 1.36 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 91.08 | |
| TEMA (21): | 1.32 | |
| Williams %R (14): | -10.71 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 3.8400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.40 |
| MA7: | 1.32 | |
| MA20: | 1.29 | |
| MA50: | 1.42 | |
| MA100: | 1.71 | |
| MAexp7: | 1.33 | |
| MAexp20: | 1.31 | |
| MAexp50: | 1.30 | |
| MAexp100: | 1.30 | |
| Price / MA7: | +4.55% | |
| Price / MA20: | +6.98% | |
| Price / MA50: | -2.82% | |
| Price / MA100: | -19.30% | |
| Price / MAexp7: | +3.76% | |
| Price / MAexp20: | +5.34% | |
| Price / MAexp50: | +6.15% | |
| Price / MAexp100: | +6.15% |
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
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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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