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

GR Engineering Services
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GR Engineering Services: MACD oscillator (-0.0003)
MACD /
GR Engineering Services: MACD oscillator (-0.0003)

[BEARISH]: GR Engineering Services currently has negative MACD of -0.0003. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.4%.

GNG: Aroon oscillator has confirmed a strong downtrend @-56
Aroon Oscillator /
GNG: Aroon oscillator has confirmed a strong downtrend @-56

[BEARISH]: GR Engineering Services has a current ARU(25) of 44 and a current ARD(25) of 100

Pivot Points /
[Long]: Exit price for GNG should be set @$1.403

GR Engineering Services has broken the first support point ($1.376) [Bearish]. Look for a short limit order entry near this point. Exit price for GNG should be set @$1.363 & short position stoploss for GR Engineering Services should be set between $1.403 & $1.416

Demarks Pivot Points /
Stoploss for GR Engineering Services should be set between $1.38

GR Engineering Services has broken the first DeMark support point ($1.385) [Bearish]. Look for a short limit order entry near this point. Exit price for GNG should be set @$1.3800 & short position stoploss for GR Engineering Services should be set at $1.4

Momentum /
5-day momentum is now decreasing for GR Engineering Services

[BEARISH CROSSOVER]: GR Engineering Services currently has negative momentum of -0.01 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -3.5%.

Stochastic Oscillator /
Stochastic oversold signal had been cancelled for GR Engineering Services

GNG: Stochastic Oscillator Signal -> (1) 20 Jun: BULLISH CROSSUNDER (2) 19 Jun: BULLISH (3) 18 Jun: BEARISH CROSSUNDER

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Ulcer Index /
Drawdown for GR Engineering Services is currently low signalling low stress

[BEARISH]: GR Engineering Services UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.197.

GR Engineering Services: 2nd timeframe trend Uptrend remains intact
Medium Trend /
GR Engineering Services: 2nd timeframe trend Uptrend remains intact

[BULLISH]: GR Engineering Services is in an uptrend in the medium term timeframe. The current rally number is 43 & the highest rally count for the LTM is 93. The highest rally for the month is 13

GR Engineering Services: Daily low performance is -1.4 % [Downtrend]
Low Price /
GR Engineering Services: Daily low performance is -1.4 % [Downtrend]

[BULLISH]: GR Engineering Services current downtrend in the first timeframe. Currently, the Low is $1.37 (-1.4 %).

Percentage Price /
PPO continues to signal a continuation of downward price fall for GR Engineering Services

[BEARISH]: GR Engineering Services currently has negative PPO -0.56%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elder Ray Index /
Selling pressure for GNG highlights ability of sellers to drive the price downwards

[BEARISH]: GR Engineering Services Elder Ray Index is signalling a Bearish movementERI is -0.027 indicating bear power. Prices are being driven below the consensus of value for GNG during the last trading session [Selling Pressure]

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for GNG

[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 0.0%.

GR Engineering Services: Range Performance (0.0)
Range Tod Vs Range Yest /
GR Engineering Services: Range Performance (0.0)

[BEARISH]: GR Engineering Services sellers are increasingly eager. This is the first day sellers have increasing eagerness for GNG adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.0600 & the greatest daily price range this year has been $0.3000. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.2x.

Price continues to trade below the Sine Weighted Moving Average(5) for GNG
Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for GNG

[BEARISH]: GR Engineering Services currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Bill Williams Market Facilitation /
Market movement acceleration likely for GNG as a result of Green Day

GR Engineering Services Currently is a confirmed Green Day. Both MFI & volume are down for GNG. Trend continuation likely for GNG from increased trading activity.

Accumulation / Distribution /
Market conditions are indicating accumulation is current for GNG

[BULLISH]: GR Engineering Services current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 48511.

On Balance Volume /
GR Engineering Services: Confirmation of stock accumulation

[BULLISH]: GR Engineering Services current price has highlighted recent accumulation. Currently, the OBV is 239634.

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

GR Engineering Services has broken the first Woodie resistance point ($1.4) [Bullish]. Look for a long limit order entry near this point. Exit price for GNG should be set @$1.405 & Stoploss for GR Engineering Services should be set at $1.365

GR Engineering Services: Daily volume performance is 89.6 [Uptrend]
Volume /
GR Engineering Services: Daily volume performance is 89.6 [Uptrend]

[BULLISH]: GR Engineering Services current volume uptrend in the first timeframe. Volume for GNG is 4498 (89.6).

The EMA trend following signal is still current for GR Engineering Services [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for GR Engineering Services [Bearish]

GNG: EMA(5) Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH CROSSOVER

Percentage Volume /
Negative momentum on volume for GNG is maintained & supports a bearish move is likely

[BEARISH]: GR Engineering Services currently has negative PVO -33.43%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.5%.

Detrended Price Oscillator /
The simple moving average and past price for GNG has confirmed bearish trading conditions

[BEARISH]: GR Engineering Services currently has a confirmed downtrend. Price is currently below the displaced moving average for GNG. Currently, the return on DPO20 is 0.0%.

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

[BULLISH]: GR Engineering Services buyers are in control at the market close. This is the first day of buyer commitment for GR Engineering Services adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 97 trading days with the closing price in the upper part of the range giving a confirmation ratio of 36.9%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 46.2%. Currently this quarter, closing price has spent 20 days in the upper price range compared to 14 days in the lower range giving a ratio of 1.4x.

Volume Rate of Change /
Volume rate of change is now building for GR Engineering Services signalling a short term uptrend is likely

[BULLISH CROSSOVER]: GR Engineering Services currently has positive volume of change of 331%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

GR Engineering Services: Triangular Moving Average(5) (1.392)
Triangular Moving Average /
GR Engineering Services: Triangular Moving Average(5) (1.392)

[BEARISH]: GR Engineering Services currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.0%.

GNG: Average Directional Index has confirmed a strong trend @29.41
Average Directional Movement /
GNG: Average Directional Index has confirmed a strong trend @29.41

[Trend]: ADX for GNG has confirmed a strong trend is present. GR Engineering Services has an ATR(14) of 0.021, a DX of 38.52 & an ADX(14) of 29.41

Rate of Change /
14-day rate of change is decreasing for GR Engineering Services

[BEARISH]: GR Engineering Services currently has negative rate of change of -3.472%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

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