RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DWSN
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Dawson Geophysical Company stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Dawson Geophysical Company stock price gained 2.88% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.39 to $1.43. During the last trading day the stock fluctuated 9.16% from a day low at $1.31 to a day high of $1.43. The price has risen in 5 of the last 10 days and is up by 4.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 217 more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $12.46 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.70% during the next 3 months and, with a 90% probability hold a price between $0.95 and $1.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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DWSN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 11.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Dawson Geophysical Company has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.46. On a fall, the stock will find some support from the short-term average at $1.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Dawson Geophysical Company stock

Dawson Geophysical Company finds support from accumulated volume at $1.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.120 between high and low, or 9.16%. For the last week, the stock has had daily average volatility of 4.77%.

Our recommended stop-loss: $1.36 (-5.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (DWSN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dawson Geophysical Company to open at $1.39, and during the day (based on 14 day Average True Range), to move between $1.33 and $1.53, which gives a possible trading interval of +/-$0.102 (+/-7.11%) up or down from last closing price. If Dawson Geophysical Company takes out the full calculated possible swing range there will be an estimated 14.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.42 (0.70%) than the resistance at $1.53 (6.99%), 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?

Dawson Geophysical Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.099 Hold/Accumulate Upgraded

Predicted Opening Price for Dawson Geophysical Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.39 ( 2.80%) $1.43

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 1.51 5.59 %
R2 1.46 2.39 %
R1 1.44 0.408 %
Current price: 1.43
Support S1 1.34 -6.00 %
S2 1.32 -7.98 %
S3 1.27 -11.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.73 20.98 %
R2 1.60 11.89 %
R1 1.53 6.99 %
Current price 1.43
Support S1 1.42 -0.699%
S2 1.37 -4.20%
S3 1.32 -7.69%

DWSN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 06, 2012 Dec 13, 2012 Dec 27, 2012 $0.408 1.83%

FAQ

What is the symbol for Dawson Geophysical Company Stock and on which exchange is it traded?
The symbol for Dawson Geophysical Company is DWSN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Dawson Geophysical Company Stock?
Dawson Geophysical Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Dawson Geophysical Company Stock?
Dawson Geophysical Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dawson Geophysical Company Stock.

What's the current price of Dawson Geophysical Company Stock?
As of the end of day on the 2024-03-27, the price of an Dawson Geophysical Company (DWSN) share was $1.43.

What is the 52-week high and low for Dawson Geophysical Company Stock?
The 52-week high for Dawson Geophysical Company Stock is $2.65 and the 52-week low is $1.27.

What is the market capitalization of Dawson Geophysical Company Stock?
As of the 2024-03-27, the market capitalization of Dawson Geophysical Company is 44.062M.

When is the next earnings date for Dawson Geophysical Company?
The upcoming earnings date for Dawson Geophysical Company is May 13, 2024.
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About Dawson Geophysical Company

Dawson Geophysical Company Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries. Its seismic crews supply seismic data primarily to companies engaged in the exploration and development ... DWSN Profile

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