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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Market conditions are indicating OBV accumulation is current for GNG
On Balance Volume /
Market conditions are indicating OBV accumulation is current for GNG

[BULLISH]: GR Engineering Services current price has highlighted recent accumulation. Currently, the OBV is 32225.0000.

[Short]: Limit orders for GR Engineering Services should be set at $0.8300
Fibonacci Extensions /
[Short]: Limit orders for GR Engineering Services should be set at $0.8300

GR Engineering Services has moved above the 161.8% level ($0.8300) [Bearish]. Look for a short limit order entry near this point. Exit price for GNG should be set @$0.7200 & short position stoploss for GR Engineering Services should be set at $0.9400

Opening Price /
Recent trading for GR Engineering Services has opened 0.0 % higher than previous session

GNG: OPEN Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: NEUTRAL (3) 20 Apr: NEUTRAL

Weighted Moving Average /
Price is now trading 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 -1.4%.

Medium Trend /
GR Engineering Services: Uptrend for the medium term trend is continued

GNG: Medium Term Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH CONFIRM (3) 24 Apr: BEARISH

Bill Williams Market Facilitation /
BWFI has signalled a Green Day for GR Engineering Services

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.

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Open Tod Vs Close Tod /
GR Engineering Services: Sellers were in control all day.

[BEARISH STRONG]: GR Engineering Services opened in the upper part of daily range at 70.000000000000000% & closed in the lower part of the trading range at 0.000000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 43 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 16.3%. Over the last month there has been 3 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 17.6%.

GR Engineering Services: Coles reaction day has been confirmed
Coles Reaction Day /
GR Engineering Services: Coles reaction day has been confirmed

GR Engineering Services: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for GNG

Daily trading for GNG indicated sellers are still in control
Close Tod Vs Range Tod /
Daily trading for GNG indicated sellers are still in control

[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 87 trading days with the closing price in the lower part of the range giving a confirmation ratio of 33.1%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 23.5%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 5 days in the upper range giving a ratio of 0.8x.

Aroon Oscillator /
[Uptrend]: Aroon oscillator @84.0000 has confirmed a strong uptrend for GNG

[BULLISH]: GR Engineering Services has a current ARU(25) of 100.0000 and a current ARD(25) of 16.0000

Percentage Volume /
GR Engineering Services: Percentage Volume Oscillator (-32.3000)

[BEARISH]: GR Engineering Services currently has negative PVO -32.3000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2%.

Price Range /
[Bullish]: GR Engineering Services has beaten previous trading range

GNG: Price Range Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BEARISH (3) 20 Apr: BULLISH

[Long]: Entry price for GNG should be set @$1.4240
Pivot Points /
[Long]: Entry price for GNG should be set @$1.4240

GR Engineering Services has broken the first resistance point ($1.4240) [Bullish]. Look for a long limit order entry near this point. Exit price for GNG should be set @$1.4570 & Stoploss for GR Engineering Services should be set between $1.3570 & $1.3240

Oversold signal for the Lower Envelope band is still current for GR Engineering Services
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 1.3300.

Ulcer Index /
Ulcer index has fallen as the price rises for GR Engineering Services

[BEARISH]: GR Engineering Services UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.8720.

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

[BEARISH]: GR Engineering Services currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.4%.

Elders Force Index /
Bullish conditions for GNG are likely to continue based on EFI (32.0000)

[BULLISH]: GR Engineering Services current price has highlighted recent buying pressure. Currently, the Elders Force Index is 32.0000.

GR Engineering Services: MACD @0.0070 [Bullish]
MACD /
GR Engineering Services: MACD @0.0070 [Bullish]

[BULLISH]: GR Engineering Services currently has positive MACD of 0.0070. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.1%.

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 ($1.4160) [Bullish]. Look for a long limit order entry near this point. Exit price for GNG should be set @$1.4530 & Stoploss for GR Engineering Services should be set at $1.3530

low for GNG has not surpassed the low of the previous trading session
Low Price /
low for GNG has not surpassed the low of the previous trading session

[BULLISH]: GR Engineering Services current downtrend in the first timeframe. Currently, the Low is $1.3900 (-1.4 %).

Momentum /
GR Engineering Services currently has positive momentum of 0.0450

[BULLISH]: GR Engineering Services currently has positive momentum of 0.0450. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -1.4000%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 0%%.

Long Black Candle /
GNG Basic Candle: Long Black

[BEARISH]: GR Engineering Services has formed a Long Black candlestick. This means, GNG has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Demarks Pivot Points /
GR Engineering Services has broken the first DeMark resistance point ($1.4025) [Bullish]

GR Engineering Services has broken the first DeMark resistance point ($1.4025) [Bullish]. Look for a long limit order entry near this point. Exit price for GNG should be set @$1.4150 & Stoploss for GR Engineering Services should be set at $1.3650

Stochastic Oscillator /
Stochastic Oscillator for GNG has crossed below the overbought limit triggering a neutral signal

GNG: Stochastic Oscillator Signal -> (1) 24 Apr: BEARISH CROSSUNDER (2) 23 Apr: BULLISH CROSSOVER (3) 24 Apr: BULLISH

[Bearish]: Lower close has formed for GNG by -1.4 % during the last trading session
Closing Price /
[Bearish]: Lower close has formed for GNG by -1.4 % during the last trading session

[BEARISH]: GR Engineering Services current downtrend in the first timeframe. Currently, the Close is $1.3900.

[Buying Pressure]: ERI has increased for GR Engineering Services during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for GR Engineering Services during the last trading session

[BULLISH]: GR Engineering ServicesElder Ray Index is signalling a Bullish movementERI is 0.0560 indicating bull power. Prices are being driven above the consensus of value for GNG during the last trading session [Buying Pressure]

Detrended Price Oscillator /
Price is currently above the displaced moving average for GNG [Bullish]

[BULLISH]: GR Engineering Services currently has a confirmed uptrend. Price is currently above the displaced moving average for GNGCurrently, the return on DPO20 is -1.4%.

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