Dawson Geophysical Company Stock Forecast
Dawson Geophysical Company stock price down 0.637% on Friday
(Updated on Dec 01, 2023)
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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 -35.42% during the next 3 months and, with a 90% probability hold a price between $0.83 and $1.18 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.
DWSN Signals & Forecast
There are mixed signals in the stock today. The Dawson Geophysical Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.58 and $1.71. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, November 20, 2023, and so far it has risen 10.63%. 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).
Support, Risk & Stop-loss for Dawson Geophysical Company stock
Dawson Geophysical Company finds support from accumulated volume at $1.55 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0549 between high and low, or 3.54%. For the last week the stock has had daily average volatility of 5.29%.
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 Monday 4th
For the upcoming trading day on Monday, 4th we expect Dawson Geophysical Company to open at $1.57, and during the day (based on 14 day Average True Range), to move between $1.44 and $1.68, which gives a possible trading interval of +/-$0.116 (+/-7.45%) up or down from last closing price. If Dawson Geophysical Company takes out the full calculated possible swing range there will be an estimated 14.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.55 (0.63%) than the resistance at $1.63 (4.49%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.900 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Dawson Geophysical Company of Monday, December 4, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price December 4, 2023 | Current price |
|---|---|
| $1.57 | $1.56 (Undervalued) |
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Trading levels for DWSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.63 | 4.27 % | |
| R2 | 1.61 | 2.93 % | ||
| R1 | 1.59 | 2.10 % | ||
| Current price: | 1.56 | |||
| Support | S1 | 1.55 | -0.590 % | |
| S2 | 1.54 | -1.42 % | ||
| S3 | 1.52 | -2.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.93 | 23.73 % | |
| R2 | 1.74 | 11.53 % | ||
| R1 | 1.63 | 4.49 % | ||
| Current price | 1.56 | |||
| Support | S1 | 1.55 | -0.635% | |
| S2 | 1.46 | -6.40% | ||
| S3 | 1.41 | -9.61% |
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