Bullish vs. Bearish (1 opinions)
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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.
- 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.
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.
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".
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.
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
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|DNN $0.41 ($-0.01 -1.62%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!