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

Daily Volume Index

Score

-2.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 26.9 0.16% 0.19% 4.7% -5.9% -79.8%
SHORT 19 12.6 0.21% 0.27% 4.8% -3.9% -39.8%

Summary

Technical Analysis

GR Engineering Services (GNG.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.82
Signal Strength: MEDIUM
Recommendation:

GR Engineering Services (ASX:GNG) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 410.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


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:

Daily Volume Index

Download
Company Close Change(%) Volume Value Signal
CGS Cogstate 0.36 12.5 54,332 1,394 BULLISH
DTL Data#3 3.43 5.2 1,162,137 5,365 BULLISH
BSE BSE 0.22 4.9 77,053 7,863 BULLISH
SGF SG Fleet 2.68 4.7 164,520 299 BULLISH
BSA Broadcast Services Australia 0.4 3.9 157,046 1,278 BULLISH
PGC Paragon Care 0.43 3.6 423,426 5,593 BULLISH
IPD Impedimed 0.17 3.1 1,756,283 18,762 BULLISH
PMV Premier Investments 19.84 2.5 358,300 422 BULLISH
PRT Prime Television 0.21 2.5 157,508 17,813 BULLISH
FLT Flight Centre 40.71 2.2 478,225 224 BULLISH