GR Engineering Services

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Selling pressure for GNG.AX continues - bearish signal

[BEARISH]: GR Engineering Services current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.48. GR Engineering Services (ASX:GNG) received a confirmed CMF crossover days on the May 2 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.62 occurring on the May 2 2019.

GR Engineering Services: Over the last 12 months there has been 1 trading days giving a confirmation ratio of 0.4%.

[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 1 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 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 5.6%.

GNG Basic Candle: Short Black

GNG Basic Candle: Short Black

[BEARISH]: GR Engineering Services has formed a Short Black candlestick. This means, GNG has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

GR Engineering Services: Sellers are in control at the market close.

[BEARISH]: GR Engineering Services sellers in control. This is the first day of seller commitment 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 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 11.1%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 1 days in the upper range giving a ratio of 2x.

GR Engineering Services: Share price fall (-1.1% signals sellers are still keener than buyers

[BEARISH]: GR Engineering Servicessellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for GNG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -6.5 & the greatest daily negative change this year has been -64.1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -69.7%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -69.7%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.5x. Over the last month the average daily downward movement has been -2.500000%

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