Trading indicator
% Volume OscillatorTrade 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% |
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
% Volume Oscillator
Score
0.05
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 38 | 7.5 | 0.53% | 0.77% | 1.6% | -2.1% | -24.2% |
| SHORT | 39 | 12.8 | 0.51% | 1.00% | 4.2% | -2.4% | 35.5% |
Summary
Technical Analysis
GR Engineering Services (GNG.AX)
Indicator:
% VOLUME OSCILLATOR
Last Signal:
BEARISH
Trading: SELL @ $0.8
Signal Strength: MEDIUM
Recommendation:
GR Engineering Services (ASX:GNG) currently has negative PVO -63.02%. The recent volume is losing momentum through a fall on the short term exponential moving average.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.
Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO;
3) Histogram: PVO - Signal Line;
PROFILE: GR Engineering Services (GNG.AX)
Stock Exchange: ASX
Company: GR Engineering Services
Ticker Codes: | GNG.AX | 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:
% Volume Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CII Ci Resources | 1.34 | 16.1 | 7,170 | -15.91 | BEARISH |
| PNV Polynovo | 1.94 | 11.8 | 11,074,353 | -19.93 | BEARISH |
| GXY Galaxy Resources | 0.95 | 9.9 | 5,094,962 | -10.66 | BEARISH |
| HFR Highfield Resources | 0.67 | 9 | 22,865 | -29.87 | BEARISH |
| ISD Isentia | 0.26 | 8.3 | 518,734 | -12.69 | BEARISH |
| MLX Metals X | 0.11 | 8.2 | 3,754,499 | -9.58 | BEARISH |
| PTM Platinum Asset Management | 4.55 | 7.6 | 1,696,244 | -16.45 | BEARISH |
| IMD Imdex | 1.6 | 6 | 762,604 | -14.38 | BEARISH |
| ORE Orocobre | 2.7 | 5.9 | 1,851,831 | -1.48 | BEARISH |
| BSL Bluescope Steel | 15.21 | 5.2 | 2,787,185 | -7.26 | BEARISH |