Stronger Sell Today DNN ranks #5147 as SELL CANDIDATE #5147 Weaker Sell

DNN stock forecast Denison Mines Corp

DNN stock forecast

Thursday December 05, 2019 Change -1.62% Price $0.41
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (1 opinions)
100%
0%
Social Sentiment 0.00

DNN Forecast and Technical Stock Analysis


Sell candidate since 2019-11-21 Loss -3.46% PDF

Denison Mines Corp fell by -1.62% in the last day ( Thursday, 5th Dec 2019 ) from $0.42 to $0.41 During the day the stock fluctuated 3.50% from a day low at $0.41 to a day high of $0.43. The price has fallen in 7 of the last 10 days and is down by -6.96% for this period. Volume has increased in the last day by 345 868 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 571 294 shares bought and sold for approximately $236 059.00.

Quick summary:

  • 30 day high of the DNN stock price was $0.48 and low was $0.40.
  • 90 day high was $0.51 and low was $0.40.
  • 52 week high for Denison Mines Corp - $0.59 and low - $0.38.
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Trend

Denison Mines Corp lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $0.41 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.50% during the next 3 months and, with 90% probability hold a price between $0.36 and $0.41 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Denison Mines Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.42 and $0.45. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday November 27, 2019, which indicates further falls until a new bottom pivot has been found. Denison Mines Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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A buy signal from a double bottom formation was found on Tuesday November 26, 2019 and based on theory for this formation the price should go up by 0.01% to $0.44 within 3 trading days since signal was issued (Monday December 02, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 30 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $0.41 Resistance: $0.48

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.01 (3.50%) between high and low. For the last week, the stock has had daily average volatility of 3.97%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

3.97 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Denison Mines Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today DNN ranks #5147 as SELL CANDIDATE #5147 Weaker Sell
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