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

Stochastic Oscillator

Score

-1.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 42 9.1 0.31% 0.43% 2.7% -3.6% -73.9%
SHORT 43 9.8 0.35% 0.52% 4.6% -3.3% -27.7%

Summary

Technical Analysis

GR Engineering Services (GNG.AX)


Indicator:

STOCHASTIC OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $0.79
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


GR Engineering Services (ASX:GNG) is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.



In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.

Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;


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:

Stochastic Oscillator

Download
Company Close Change(%) Volume Value Signal
MYX Myx 0.47 5.7 4,922,554 17.2 BEARISH
RFG Retail Food 0.1 4.3 45,734,174 16 BEARISH
BRN Brainchip Holdings 0.04 2.4 2,704,733 7.7 BEARISH
AKP Audio Pixels Holdings 16.25 2.2 3,568 15.2 BEARISH
FNP Freedom Nutritional Products 5.3 2.1 446,194 17.9 BEARISH
TLG Talga Gold 0.45 1.1 105,494 12.5 BEARISH
LNG Liquefied Natural Gas 0.2 1 985,017 15.6 BEARISH
IPL Incitec Pivot 3.23 0.9 10,353,553 6.9 BEARISH
API Australian Pharmaceutical 1.31 0.4 903,549 7.7 BEARISH
CLH Collection House 1.13 0.4 247,871 12.5 BEARISH