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

Fibonacci Extensions

Score

-1.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 6 38.2 0.17% 0.20% 1.1% -6.7% -32.6%
SHORT 8 60.3 0.50% 1.00% 8.7% -3.3% 21.6%

Summary

Technical Analysis

GR Engineering Services (GNG.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


GR Engineering Services (ASX:GNG) : The current Fibonacci Extension levels are:
(23.61%) $0.89
(38.2%) $0.91
(50%) $0.93
(61.8%) $0.94

The current support levels are:
(78.6%) $0.96
(100%) $0.99
(138.2%) $1.04
(161.8%) $1.07
(261.8%) $1.2
(423.61%) $1.41



Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


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:

Fibonacci Extensions

Download
Company Close Change(%) Volume Value Signal
PGC Paragon Care 0.29 9.6 1,528,576 -0.26 BEARISH
LNG Liquefied Natural Gas 0.12 9.1 340,710 -0.14 BEARISH
OSP Osprey Medical 0.02 6.3 143,313 -0.02 BEARISH
MND Monadelphous 17.28 5.5 675,785 -2.17 BEARISH
MLD Maca 1 5.3 1,065,336 -0.08 BEARISH
ANG Austin Engineering 0.2 5.3 116,011 -0.03 BEARISH
VAH Virgin Australia Holdings 0.13 4 596,964 -0.04 BEARISH
RCT Reef Casino 2.41 3.9 1,000 -0.36 BEARISH
NWH NRW 2.9 3.6 3,450,530 -0.98 BEARISH
LAU Lindsay Australia 0.36 2.9 49,777 -0.03 BEARISH