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

-2.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 40.1 0.08% 0.08% 6.6% -8.3% -92.5%
SHORT 13 15.3 0.31% 0.44% 4.8% -5.8% -33.1%

Summary

Technical Analysis

GR Engineering Services (GNG.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.75
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 19.


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
MNS Milnes Holdings 0.07 16.4 1,475,601 15,244 BULLISH
BKY Berkeley Resources 0.16 14.3 563,400 1,787 BULLISH
AVJ Av Jennings Homes 0.43 9 178,441 1,465 BULLISH
URF Us Masters Residential Property Fund 0.27 8.2 97,913 4,518 BULLISH
VTG Vita 0.69 7.8 665,880 343 BULLISH
FRI Finbar International 0.68 7.1 55,654 715 BULLISH
TGH Tegel 0.16 6.7 20,000 34 BULLISH
CEN Central Australian Phosphate 5.32 6.4 12,693 20 BULLISH
PAC Pacsoft 4.6 6 167,894 87 BULLISH
WGX Westgold Resources 1.8 5.9 2,219,468 1,830 BULLISH