Global Construction Services

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Triangular Moving Average

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 7 31.0 0.29% 0.40% 16.6% -6.7% -0.4%
SHORT 6 38.3 0.17% 0.20% 13.0% -5.2% -13.1%

Summary

Technical Analysis

Global Construction Services (GCS.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $0.47
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Global Construction Services (ASX:GCS) currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -1.1%.



A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.

Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;


PROFILE: Global Construction Services (GCS.AX)


Stock Exchange: ASX
Company: Global Construction Services
Ticker Codes: | GCS.AX | ASX:GCS |

About Global Construction Services (ASX:GCS):

Global Construction Services Limited provides on-site products and services in Australia. The company operates through Commercial; Residential; and Resource, Industrial, Oil & Gas segments. It supplies and manages workforce force, such as tradesmen, laborers, and professionals for various projects; and scaffold equipment and on-site workforce. The company's products also include plant and equipment, such as boom lifts, mast lifts, scissor lifts, air compressors, tools, hoses, rock breakers, jack hammers, high pressure cleaners, plate compactors, vertical rammers, drum rollers, skid steers, mini excavators, generators, power and lighting products, forklifts, telehandlers, trailers, trolleys, torque wrenches, cassettes, drives, rams, pumps, gauges, PPE and cleaning products, power tools, heating and cooling products, pumps, de-watering products, trailers, and welding products. In addition, it provides contracting and sub-contracting services; formwork, concrete pumping, wall formwork, falsework and propping, column formwork, concrete placement, and temporary fencing services; and timber and plywood products, concrete accessories, nails, anchor bolts, plastics, and lifting and storage devices. Further, the company offers temporary site accommodation units, such as lunch rooms and site offices, first aid huts, ablution and shower blocks, accommodation and changing rooms, storage containers, and toilets, as well as generators, cyclonic counter weights, tie downs, appliances, furniture, access stairs, and waste and water tanks; specialized site services comprising rope access, HSE management, traffic management, specialized painting, and security services, as well as windows and facades; and delivery and pick up, installation and dismantling and related estimating, and design and engineering services. It serves customers in commercial, residential, resource, industrial, and oil and gas sectors. The company was founded in 2003 and is headquartered in Redcliffe, Australia.

Top 10:

Triangular Moving Average

Download
Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.16 10.3 1,686,364 3.2 BULLISH
IRD Iron Road 0.06 9.4 30,400 2.3 BULLISH
ALU Altium 23 8.6 748,636 16.1 BULLISH
RBL Rib Loc 1 8.1 956,642 7.5 BULLISH
SMX Sms Management & Technology 0.29 7.4 110,885 14.9 BULLISH
JIN Jin 8 7 105,584 9.7 BULLISH
NEA Nearmap 1.64 6.8 1,057,504 2.2 BULLISH
WTC Wisetech Global 18.67 6.5 1,480,300 1.5 BULLISH
PEA Pacific Energy 0.59 5.4 372,541 22.8 BULLISH
WSA Western Areas 2.16 4.9 1,079,378 12.8 BULLISH