Denison Mines Corp Stock Technical Analysis
DNN Stock | USD 1.99 0.01 0.50% |
As of the 24th of April, Denison Mines shows the Coefficient Of Variation of 4447.84, downside deviation of 2.78, and Mean Deviation of 2.32. Denison Mines Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Denison Mines Corp, which can be compared to its peers. Please confirm Denison Mines Corp coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Denison Mines Corp is priced favorably, providing market reflects its regular price of 1.99 per share. Please also check Denison Mines Corp total risk alpha, which is currently at (0.36) to verify the company can sustain itself at a future point.
Denison Mines Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Denison, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DenisonDenison |
Denison Mines Analyst Consensus
Target Price | Advice | # of Analysts | |
2.91 | Strong Buy | 8 | Odds |
Most Denison analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Denison stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Denison Mines Corp, talking to its executives and customers, or listening to Denison conference calls.
Denison Mines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Denison Mines Corp Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Denison Mines Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Denison Mines Corp Trend Analysis
Use this graph to draw trend lines for Denison Mines Corp. You can use it to identify possible trend reversals for Denison Mines as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Denison Mines price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Denison Mines Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Denison Mines Corp applied against its price change over selected period. The best fit line has a slop of 0 , which may imply that Denison Mines Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.1, which is the sum of squared deviations for the predicted Denison Mines price change compared to its average price change.About Denison Mines Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Denison Mines Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Denison Mines Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Denison Mines Corp price pattern first instead of the macroeconomic environment surrounding Denison Mines Corp. By analyzing Denison Mines's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Denison Mines's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Denison Mines specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 66.72 | 89.24 | 376.41 | 354.04 | PTB Ratio | 3.45 | 2.92 | 3.1 | 2.94 |
Denison Mines April 24, 2024 Technical Indicators
Most technical analysis of Denison help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Denison from various momentum indicators to cycle indicators. When you analyze Denison charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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Volume Indicators |
Risk Adjusted Performance | 0.022 | |||
Market Risk Adjusted Performance | 0.0693 | |||
Mean Deviation | 2.32 | |||
Semi Deviation | 2.43 | |||
Downside Deviation | 2.78 | |||
Coefficient Of Variation | 4447.84 | |||
Standard Deviation | 3.09 | |||
Variance | 9.54 | |||
Information Ratio | (0.01) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.36) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.0593 | |||
Maximum Drawdown | 13.99 | |||
Value At Risk | (3.74) | |||
Potential Upside | 6.15 | |||
Downside Variance | 7.7 | |||
Semi Variance | 5.9 | |||
Expected Short fall | (3.14) | |||
Skewness | 0.6107 | |||
Kurtosis | 0.3006 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Denison Stock analysis
When running Denison Mines' price analysis, check to measure Denison Mines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Denison Mines is operating at the current time. Most of Denison Mines' value examination focuses on studying past and present price action to predict the probability of Denison Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Denison Mines' price. Additionally, you may evaluate how the addition of Denison Mines to your portfolios can decrease your overall portfolio volatility.
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Is Denison Mines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Denison Mines. If investors know Denison will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.07 | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.09) | Return On Assets (0.05) | Return On Equity 0.1658 |
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.