Dawson Geophysical Company Stock Forecast

Sell candidate since Jan 13, 2025 Gain 3.73%

The Dawson Geophysical Company stock price gained 1.09% on the last trading day (Friday, 17th Jan 2025), rising from $1.38 to $1.39. During the last trading day the stock fluctuated 2.62% from a day low at $1.36 to a day high of $1.40. The price has been going up and down for this period, and there has been a 1.46% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 689 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $4.16 thousand.

The stock lies in the middle of a 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 -20.06% during the next 3 months and, with a 90% probability hold a price between $1.02 and $1.20 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, January 14, 2025, and so far it has risen 7.75%. Further rise is indicated until a new top pivot has been found. 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 $1.42. On a fall, the stock will find some support from the short-term average at $1.37. 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. Furthermore, there is currently a sell 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 $1.37 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 $0.0358 between high and low, or 2.62%. For the last week, the stock has had daily average volatility of 7.40%.

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 Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Dawson Geophysical Company to open at $1.38, and during the day (based on 14 day Average True Range), to move between $1.28 and $1.50, which gives a possible trading interval of +/-$0.111 (+/-7.99%) up or down from last closing price. If Dawson Geophysical Company takes out the full calculated possible swing range there will be an estimated 15.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.37 (1.44%) than the resistance at $1.44 (3.60%), 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: -1.732 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 21, 2025 - $1.38 ( 0.379%).