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

Money Flow Index

Score

-3.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 6 42.2 0.00% 0.00% 0.0% -9.4% -56.6%
SHORT 7 71.3 0.43% 0.75% 2.4% -12.4% -42.4%

Summary

Technical Analysis

[NEUTRAL]: GR Engineering Services current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 20.33. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 93.46.


Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.

Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)


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.

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Money Flow Index

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