DAWSON GEOPHYSICAL CO (DWSN) Stock Technical Analysis
NASDAQ:DWSN - US2393601008 - Common Stock
1.63 USD
+0.01 (+0.62%)
1.64 USD
+0.01 (+0.61%)
We assign a technical rating of 6 out of 10 to DWSN. DWSN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
DWSN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
DWSN is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry. DWSN outperforms 76% of them.
In the last month DWSN has a been trading in the 1.26 - 1.69 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that DWSN is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DWSN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.30
1.71
When analyzing the support we can see 2 important areas.
- Support @1.37 from a horizontal line in the daily time frame.
- A support zone ranging from 1.31 to 1.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @1.69 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DWSN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DWSN is up. |
| ChartMill Relative Strength | 74.68 | POSITIVE | DWSN has a high relative strength, it outperformed 74.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DWSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DWSN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DWSN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.66 | NEUTRAL | The RSI value for DWSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DWSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.02 | OVERBOUGHT | The high Stochastics value suggests DWSN may be overbought. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for DWSN suggests high volalility. |
| Average Directional Index/ADX (14) | 41.55 | POSITIVE | The high ADX value value for DWSN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.63
+0.01 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.62%
1 Week6.54%
2 Weeks26.36%
1 Month13.19%
3 Month22.56%
6 Month12.41%
12 Month6.54%
2 Year-18.5%
3 Year46.85%
5 Year-7.91%
10 Year-64.79%
15 Year-93.25%
Volatility
ATR(14)0.1
ATR(20)%5.01%
ATR Inc-23.9%
Range Today0.05
ADR(20)0.08
ADR(20)%4.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.68
Mansfield0.31
10 Day High1.69
10 Day Low1.3
20 Day High1.69
20 Day Low1.26
52 Week High5.54
52 Week Low1.08
CS1 End1.37
CR1 Start1.69
Volume & EV
DER(3)2.59%
DER(5)4.78%
Volume19.40K
Volume Incr-38.49%
Vol(5)49.94K
Vol(50)214.91K