Dawson Geophysical Company Stock Forecast
Big movements in Dawson Geophysical Company stock price on Thursday moving 17.65% between high and low
(Updated on Apr 25, 2024)
The Dawson Geophysical Company stock price gained 3.25% on the last trading day (Thursday, 25th Apr 2024), rising from $1.54 to $1.59. During the last trading day the stock fluctuated 17.65% from a day low at $1.36 to a day high of $1.60. The price has risen in 6 of the last 10 days but is still down by -10.42% for this period. Volume fell on the last day by -11 thousand shares and in total, 8 thousand shares were bought and sold for approximately $12.93 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.09% during the next 3 months and, with a 90% probability hold a price between $1.46 and $2.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DWSN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 3.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dawson Geophysical Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.78 and $1.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dawson Geophysical Company stock
Dawson Geophysical Company finds support from accumulated volume at $1.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.240 between high and low, or 17.65%. For the last week the stock has had daily average volatility of 14.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DWSN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Dawson Geophysical Company to open at $1.52, and during the day (based on 14 day Average True Range), to move between $1.40 and $1.78, which gives a possible trading interval of +/-$0.189 (+/-11.89%) up or down from last closing price. If Dawson Geophysical Company takes out the full calculated possible swing range there will be an estimated 23.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.53 (3.77%) than the resistance at $1.71 (7.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dawson Geophysical Company stock A Buy?
The Dawson Geophysical Company stock holds several negative signals and despite the positive trend, we believe Dawson Geophysical Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.868 Sell Candidate Unchanged
Predicted Opening Price for Dawson Geophysical Company of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.52 ( 4.61%) | $1.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.76 | 10.48 % | |
| R2 | 1.66 | 4.72 % | ||
| R1 | 1.61 | 1.15 % | ||
| Current price: | 1.59 | |||
| Support | S1 | 1.42 | -10.38 % | |
| S2 | 1.37 | -13.94 % | ||
| S3 | 1.28 | -19.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.97 | 23.90 % | |
| R2 | 1.90 | 19.50 % | ||
| R1 | 1.71 | 7.55 % | ||
| Current price | 1.59 | |||
| Support | S1 | 1.53 | -3.77% | |
| S2 | 1.42 | -10.69% | ||
| S3 | 1.37 | -13.84% |
DWSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | May 06, 2024 | $0.320 | 20.13% |
| 2 | Dec 06, 2012 | Dec 13, 2012 | Dec 27, 2012 | $0.408 | 1.83% |
FAQ
Click here for our free guide on how to buy Dawson Geophysical Company Stock.
