Dawson Geophysical Company Stock Forecast
High volatility in Dawson Geophysical Company stock price on Wednesday which ended trading at $1.54
(Updated on Apr 24, 2024)
The Dawson Geophysical Company stock price fell by -5.23% on the last day (Wednesday, 24th Apr 2024) from $1.63 to $1.54. During the last trading day the stock fluctuated 13.77% from a day low at $1.38 to a day high of $1.57. The price has risen in 6 of the last 10 days but is still down by -10.47% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 19 thousand shares were bought and sold for approximately $29.54 thousand.
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 6.93% during the next 3 months and, with a 90% probability hold a price between $1.45 and $2.35 at the end of this 3-month period.
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DWSN Signals & Forecast
There are few to no technical positive signals at the moment. 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 $1.83 and $1.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -29.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Dawson Geophysical Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.190 between high and low, or 13.77%. For the last week, the stock has had daily average volatility of 11.99%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Dawson Geophysical Company to open at $1.50, and during the day (based on 14 day Average True Range), to move between $1.35 and $1.73, which gives a possible trading interval of +/-$0.185 (+/-12.02%) up or down from last closing price. If Dawson Geophysical Company takes out the full calculated possible swing range there will be an estimated 24.04% 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 (0.65%) than the resistance at $1.70 (10.39%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.012 Sell Candidate Downgraded
Predicted Opening Price for Dawson Geophysical Company of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.50 ( 2.81%) | $1.54 |
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 | 1.69 | 9.52 % | |
| R2 | 1.61 | 4.81 % | ||
| R1 | 1.57 | 1.90 % | ||
| Current price: | 1.54 | |||
| Support | S1 | 1.42 | -7.53 % | |
| S2 | 1.38 | -10.44 % | ||
| S3 | 1.31 | -15.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.90 | 23.38 % | |
| R2 | 1.71 | 11.04 % | ||
| R1 | 1.70 | 10.39 % | ||
| Current price | 1.54 | |||
| Support | S1 | 1.53 | -0.649% | |
| S2 | 1.42 | -7.79% | ||
| S3 | 1.37 | -11.04% |
DWSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | May 06, 2024 | $0.320 | 20.78% |
| 2 | Dec 06, 2012 | Dec 13, 2012 | Dec 27, 2012 | $0.408 | 1.83% |
FAQ
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