Technical analysis from GR Engineering Services (GNG.AX.AX, ASX:GNG.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

GR Engineering Services
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Limit order for a short position has been identified for GR Engineering Services [Bearish]
Pivot Points /
Limit order for a short position has been identified for GR Engineering Services [Bearish]

GR Engineering Services current pivot point is: 1.427. The current resistance levels are: (R1) $1.434: (R2) $1.447: (R3) $1.454: The current support levels are: (S1) $1.414: (S2) $1.407: (S3) $1.394

Contracting price range for GNG signalling sellers continue to be less eager
Range Tod Vs Range Yest /
Contracting price range for GNG signalling sellers continue to be less eager

[WEAK BULLISH]: GR Engineering Servicessellers are becoming less eager. There has been 2 consecutive days of range increase for GNG reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.035 & the greatest daily price range this year has been $0.035. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 1x.

Open Tod Vs Close Tod /
GR Engineering Services opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.

[BEARISH STRONG]: GR Engineering Services opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 45 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 17.2%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 50%.

Aroon Oscillator /
GR Engineering Services: Aroon oscillator (84) has confirmed a strong uptrend is present

GNG: Aroon Oscillator Recent Trading -> (1) 11 Jan: 84 (2) 11 Jan: -4 (3) 11 Jan: 80

Elders Force Index /
[Bullish]: Elders Force Index (224) confirms buying pressure

[BULLISH]: GR Engineering Services current price has highlighted recent buying pressure. Currently, the Elders Force Index is 224.

Medium Trend /
Second timeframe trend of GR Engineering Services remains as an Uptrend

[BULLISH]: GR Engineering Services is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 38. The highest rally for the month is 8

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Woodie Pivot Point /
Limit order for a short position has been identified for GR Engineering Services [Bearish]

GR Engineering Services has broken the first Woodie support point ($1.41) [Bearish]. Look for a short limit order entry near this point. Exit price for GNG should be set @$1.405 & short position stoploss for GR Engineering Services should be set at $1.445

CMF highlights continued positive divergence for GR Engineering Services
Chaikin Money Flow /
CMF highlights continued positive divergence for GR Engineering Services

[BULLISH]: GR Engineering Services current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.43. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.43

GNG: Stochastic Oscillator has traded above the oversold limit @74.1
Stochastic Oscillator /
GNG: Stochastic Oscillator has traded above the oversold limit @74.1

[BEARISH]: GR Engineering Services is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Rate of Change /
Positive ROC confirmation for GNG is a leading indicator for continued price rise

[BULLISH CROSSOVER]: GR Engineering Services currently has positive rate of change of 6%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

On Balance Volume /
GR Engineering Services: Current trading activity signals OBV accumulation is present

[BULLISH]: GR Engineering Services current price has highlighted recent accumulation. Currently, the OBV is 154224.

Closing Price /
[Bearish]: GR Engineering Services has failed to beat previous close by -2.1 %

[BEARISH]: GR Engineering Services current downtrend in the first timeframe. Currently, the Close is $1.42.

Simple Moving Average(5) signal continues for GR Engineering Services indicating downward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for GR Engineering Services indicating downward price movement is likely

[BULLISH]: GR Engineering Services currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.1%.

GR Engineering Services: Average Directional Index (25.29) has confirmed a strong trend is present
Average Directional Movement /
GR Engineering Services: Average Directional Index (25.29) has confirmed a strong trend is present

[Trend]: ADX for GNG has confirmed a strong trend is presentGR Engineering Services has an ATR(14) of 0.028, a DX of 34.06 & an ADX(14) of 25.29

Opening Price /
GNG opening price of $1.44 (-0.7 %)

[BEARISH]: GR Engineering Services opening price has gapped down. Currently, the OPEN is $1.44 (-0.7 %).

Camarilla Pivot Points /
GR Engineering Services has moved below the S1 Camarilla pivot point ($1.301) [Bearish]

GR Engineering Services has broken the first Camarilla support point ($1.301) [Bearish]. Look for a short limit order entry near this point. Exit price for GNG should be set @$1.182 & short position stoploss for GR Engineering Services should be set between $1.658 & $1.777

Close Tod Vs Range Tod /
Trading for GR Engineering Services highlights the commitment of sellers to carry positions overnight.

[BEARISH]: GR Engineering Services sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for GR Engineering Services adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 102 trading days with the closing price in the lower part of the range giving a confirmation ratio of 39.1%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 6 days in the upper range giving a ratio of 1.3x.

[Downtrend]: Average True Range (0.028) downtrend has been confirmed for GNG
Average True Range /
[Downtrend]: Average True Range (0.028) downtrend has been confirmed for GNG

GNG: Average True Range Recent Trading -> (1) 11 Jan: 0.028 (2) 11 Jan: 0.047 (3) 11 Jan: 0.154

[Downtrend]: Recent trading for GNG indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for GNG indicates ST trend is likely to continue

GNG: TMA Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

GR Engineering Services is no longer oversold and normal trading conditions are resumed
Williams %R /
GR Engineering Services is no longer oversold and normal trading conditions are resumed

GNG: William %R Current Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Accumulation / Distribution /
GR Engineering Services: Current trading activity signals accumulation is present

[BULLISH]: GR Engineering Services current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Weighted Moving Average /
Weighted Moving Average(5) signal continues for GR Engineering Services indicating downward price movement is likely

[BEARISH]: GR Engineering Services currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -2.1%.

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for GR Engineering Services

[BULLISH]: GR Engineering Services current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.3110.

Volume /
Weaker volume performance from GNG has seen a lower volume of -46.1 [Downtrend]

[BEARISH]: GR Engineering Services current volume downtrend in the first timeframe. Volume for GNG is15558 (-46.1).

Volume MACD for GR Engineering Services continues to gain momentum @4334)
MACD Volume /
Volume MACD for GR Engineering Services continues to gain momentum @4334)

[BULLISH]: GR Engineering Services currently has positive Volume MACD of 4334. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

GR Engineering Services has broken the first DeMark support point ($1.425) [Bearish]
Demarks Pivot Points /
GR Engineering Services has broken the first DeMark support point ($1.425) [Bearish]

GR Engineering Services current pivot point (DeMark) is: (R1) $1.43. The current pivot point (DeMark) is: (S1) $1.41.

Fibonacci Extensions /
GR Engineering Services: Look for a long limit order entry @$4.45

GR Engineering Services has moved below the 161.8% level ($4.45) [Bullish]. Look for a long limit order entry near this point. Exit price for GNG should be set @$4.97 & Stoploss for GR Engineering Services should be set at $3.93

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