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Analyzing Denali Therapeutics Inc (DNLI) After Recent Trading Activity

Denali Therapeutics Inc’s recently made public that its Director Cook Jennifer E. unloaded Company’s shares for reported $31682.0 on Jun 06 ’24. In the deal valued at $21.73 per share,1,458 shares were sold. As a result of this transaction, Cook Jennifer E. now holds 20,038 shares worth roughly $0.44 million.

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Then, SATO VICKI L sold 1,674 shares, generating $34,133 in total proceeds. Upon selling the shares at $20.39, the Director now owns 116,369 shares.

Before that, SATO VICKI L sold 1,666 shares. Denali Therapeutics Inc shares valued at $30,471 were divested by the Director at a price of $18.29 per share. As a result of the transaction, SATO VICKI L now holds 118,043 shares, worth roughly $2.57 million.

Citigroup initiated its Denali Therapeutics Inc [DNLI] rating to a Buy in a research note published on December 13, 2023; the price target was $32. B. Riley Securities started covering the stock on September 06, 2023. It rated DNLI as “a Buy”.

Price Performance Review of DNLI

On Tuesday, Denali Therapeutics Inc [NASDAQ:DNLI] saw its stock fall -1.23% to $21.74. Over the last five days, the stock has lost -2.90%. Denali Therapeutics Inc shares have risen nearly 1.30% since the year began. Nevertheless, the stocks have fallen -26.33% over the past one year. While a 52-week high of $30.79 was reached on 06/24/24, a 52-week low of $14.56 was recorded on 04/25/24. SMA at 50 days reached $19.53, while 200 days put it at $19.44. A total of 1.32 million shares were traded, compared to the trading of 4.11 million shares in the previous session.

Levels Of Support And Resistance For DNLI Stock

The 24-hour chart illustrates a support level at 21.34, which if violated will result in even more drops to 20.93. On the upside, there is a resistance level at 22.17. A further resistance level may holdings at 22.59. The Relative Strength Index (RSI) on the 14-day chart is 53.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.51%. Stochastics%K at 62.60% indicates the stock is a holding.

The most recent change occurred on January 30, 2023 when SVB Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $50 price target.

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