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DNN Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: DNN's position in the uranium market is bolstered by rising demand from government initiatives and its solid balance sheet. Positive trends in uranium prices could propel DNN towards growth, supported by favorable historical performance seen in multi-year holds.



Bearish Case: Despite potential growth, DNN's history of volatility and recent flat price actions raise concerns. Market uncertainties and low trading volumes suggest the possibility of continued stagnation or decline if uranium prices fail to recover.



Potential Outcomes:
  • (45%) DNN benefits from rising uranium prices due to increased government demand.
  • (30%) Continued flat performance due to low investor interest and market inaction.
  • (25%) Decline if global economic pressures negatively impact uranium prices.



Trading Oracle: Implement a long volatility strategy by buying DNN $2.00 calls and selling $2.50 calls expiring on January 17, 2025. Leverage potential price increases in uranium, riding projected market growth with a strong risk-reward profile, targeting a favorable edge given current market conditions.


November 22, 2024


Denison Mines Forecast

DNN        Denison Mines

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Correlated Assets

Assets that tend to move strongly with DNN


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (0.89)


URNM Forecast + Options Trading Strategies   URNM  North Shore Global Uranium Mining (0.72)


AA Forecast + Options Trading Strategies   AA  Alcoa (0.65)


MU Forecast + Options Trading Strategies   MU  Micron Technology (0.64)


STLD Forecast + Options Trading Strategies   STLD  Steel Dynamics (0.63)



Uncorrelated Assets

Assets with little price relationship to DNN


ABCL Forecast + Options Trading Strategies   ABCL  AbCellera Biologics (0.0)


FTNT Forecast + Options Trading Strategies   FTNT  Fortinet (-0.0)


INTU Forecast + Options Trading Strategies   INTU  Intuit (0.0)


PG Forecast + Options Trading Strategies   PG  Procter & Gamble (0.0)


PNW Forecast + Options Trading Strategies   PNW  Pinnacle West (0.0)



Anticorrelated Assets

Assets that tend to move strongly against DNN


MGPI Forecast + Options Trading Strategies   MGPI  MGP Ingredients (-0.7)


TMF Forecast + Options Trading Strategies   TMF  Direxion Daily 20+ Year Treasury Bull 3X Shares (-0.71)


YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (-0.72)


EDV Forecast + Options Trading Strategies   EDV  Vanguard Group, Inc. - Vanguard Extended Duration Treasury (-0.73)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.73)







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