Dawson Geophysical Company Stock Forecast

Big movements in Dawson Geophysical Company stock price on Friday moving 11.40% between high and low
(Updated on Apr 26, 2024)

DWSN Signals & Forecast

The Dawson Geophysical Company stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.71. On a fall, the stock will find some support from the long-term average at approximately $1.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 6.49%. 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. 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

On the downside, the stock finds support just below today's level from accumulated volume at $1.53 and $1.42. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dawson Geophysical Company finds support just below today's level at $1.53. If this is broken, then the next support from accumulated volume will be at $1.42 and $1.37.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 11.40%. For the last week, the stock has had daily average volatility of 12.97%.

Our recommended stop-loss: $1.57 (-4.04%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DWSN) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Dawson Geophysical Company to open at $1.60, and during the day (based on 14 day Average True Range), to move between $1.45 and $1.83, which gives a possible trading interval of +/-$0.188 (+/-11.44%) up or down from last closing price. If Dawson Geophysical Company takes out the full calculated possible swing range there will be an estimated 22.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.71 (4.27%) than the support at $1.53 (6.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Dawson Geophysical Company stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dawson Geophysical Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.741 Buy Candidate Upgraded

Predicted Opening Price for Dawson Geophysical Company of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.