GR Engineering Services

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Range Change

Score

-0.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 80 5.2 0.39% 0.52% 2.4% -2.0% -47.2%
SHORT 81 5.8 0.51% 0.73% 2.2% -1.6% -1.2%

Summary

Technical Analysis

GR Engineering Services (GNG.AX)


Indicator:

RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $0.8
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


GR Engineering Services (ASX:GNG) 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 $0.0550 & the greatest daily price range this year has been $0.4850. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.1x.



The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


PROFILE: GR Engineering Services (GNG.AX)


Stock Exchange: ASX
Company: GR Engineering Services
Ticker Codes: | GNG.AX | ASX:GNG |

About GR Engineering Services (ASX:GNG):

GR Engineering Services Limited, an engineering, consulting, and contracting company, provides engineering design and construction services to the mining and mineral processing industries in Australia and internationally. The company operates through Mineral Processing, and Oil and Gas segments. Its services cover various aspects of projects, including initial evaluation and study phase, as well as design, construction, commissioning, and operational support. The company's services include the design and construction of minerals processing facilities and related infrastructure for greenfield or brownfield projects, such as plant modifications, upgrades, and expansions; plant evaluation and condition reports; plant operations, and maintenance support and optimization; and plant relocation, refurbishment, and recommissioning, as well as engages in the provision of owners representatives and teams for project management and delivery, and asset management services. Its services also comprise engineering and process design consulting services; feasibility studies comprising scoping, pre-feasibility, and definitive engineering studies, as well as feasibility studies. In addition, the company offers operations, maintenance, and well management services to the oil and gas sector. GR Engineering Services Limited was founded in 1986 and is based in Ascot, Australia.

Top 10:

Range Change

Download
Company Close Change(%) Volume Value Signal
GXY Galaxy Resources 0.95 9.9 5,094,962 1 BULLISH
HFR Highfield Resources 0.67 9 22,865 0 BULLISH
BVS Bravura Solutions 5.36 8.1 3,114,316 1 BULLISH
IMF IMF 3.81 6.7 2,751,384 0 BULLISH
IMD Imdex 1.6 6 762,604 0 BULLISH
PLS Pilbara Minerals 0.27 5.9 10,196,925 1 BULLISH
RWC Reliance Worldwide Corporation 4.18 4.8 2,029,284 1 BULLISH
PPH Pan Pharmaceuticals 3.93 4.5 41,736 1 BULLISH
MCY Mighty River Power 4.65 4.5 3,230 0 BULLISH
BSE BSE 0.23 4.5 2,037,922 0 BULLISH