Trading indicator
Williams %RTrade 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
Williams %R
Score
1.95
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 42 | 9.7 | 0.67% | 1.87% | 3.5% | -4.5% | 29.4% |
| SHORT | 43 | 9.7 | 0.74% | 2.46% | 3.8% | -2.5% | 88.4% |
Summary
Technical Analysis
GR Engineering Services (GNG.AX)
Indicator:
WILLIAMS %R
Last Signal:
BULLISH
Trading: BUY @ $0.96
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 Oversold highlighting the potential for a short term trend reversal in the upward direction.
Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Also referred to as %R Williams %R reflects the level of the close relative to the highest high for the look-back period.
Calculation: Williams %R:
1) %R = (Highest High - Close)/(Highest High - Lowest Low) * -100;
2) Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %R is multiplied by -100 correct the inversion and move the decimal;
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:
Williams %R
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| AVN Avon Resources | 3.02 | 6 | 469,910 | 45.9 | NEUTRAL |
| FLT Flight Centre | 42.2 | 2.9 | 444,374 | 79.5 | NEUTRAL |
| LNG Liquefied Natural Gas | 0.19 | 2.7 | 524,677 | 25 | NEUTRAL |
| MWY Midway | 1.9 | 2.7 | 24,302 | 52.9 | NEUTRAL |
| IFM Infomedia | 2.09 | 2.5 | 418,342 | 34.1 | NEUTRAL |
| MXI Maxitra Industries | 0.22 | 2.4 | 23,275 | 35.7 | NEUTRAL |
| REX Regional Express | 1.17 | 2.2 | 4,895 | 36.4 | NEUTRAL |
| HFR Highfield Resources | 0.76 | 2 | 31,419 | 70 | NEUTRAL |
| PRU Perseus Mining | 1.14 | 1.8 | 4,451,686 | 23.1 | NEUTRAL |
| IDX Integral Diagnostics | 4.15 | 1.7 | 541,180 | 55 | NEUTRAL |