DNN Forecast + Trading Strategies


Bullish Case: Denison Mines is strongly positioned via strategic uranium assets and a robust balance sheet, benefiting from rising global nuclear initiatives likely to spur demand and push prices upward, offering long-term growth opportunities.


Bearish Case: With significant disposal of shares by Toronto Dominion Bank and low trading volume, market sentiment seems tepid. A historical trend of underperformance and flat market action could continue, limiting upside potential.


Potential Outcomes:

1. (40%) Continued growth if nuclear energy demand rises globally.

2. (30%) Stagnation persists amidst low trading volume and market interest.

3. (30%) Decline if macroeconomic conditions worsen, affecting commodity sectors.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 30, 2024


Denison Mines Forecast

DNN        Denison Mines
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with DNN



NXE Forecast + Options Trading Strategies   NXE  NexGen Energy (0.98)


URNM Forecast + Options Trading Strategies   URNM  North Shore Global Uranium Mining (0.98)


UEC Forecast + Options Trading Strategies   UEC  Uranium Energy (0.97)


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (0.95)


VST Forecast + Options Trading Strategies   VST  Vistra (0.95)



Uncorrelated Stock Forecasts

Assets with little price relationship to DNN



BG Forecast + Options Trading Strategies   BG  Bunge (0.0)


BERY Forecast + Options Trading Strategies   BERY  Berry (-0.0)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.01)


LMND Forecast + Options Trading Strategies   LMND  Lemonade (0.01)


FL Forecast + Options Trading Strategies   FL  Foot Locker (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against DNN



MAXN Forecast + Options Trading Strategies   MAXN  Maxeon Solar (-0.93)


EWH Forecast + Options Trading Strategies   EWH  BlackRock Institutional Trust Company N.A. - iShares MSCI Hong Kong (-0.93)


PFE Forecast + Options Trading Strategies   PFE  Pfizer (-0.93)


PRTA Forecast + Options Trading Strategies   PRTA  Prothena (-0.94)


AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (-0.95)





Become a more profitable investor with AI optimized trading strategies






×

Chat with DNN


 Ask any question about DNN!