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

1st timeframe trend

Score

0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 17.2 0.29% 0.40% 6.7% -3.0% -4.2%
SHORT 20 20.1 0.50% 1.00% 5.8% -2.5% 33.1%

Summary

Technical Analysis

GR Engineering Services (GNG.AX)


Indicator:

1ST TIMEFRAME TREND


Last Signal:

BULLISH


Trading: BUY @ $0.99
Signal Strength: WEAK
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


GR Engineering Services (ASX:GNG) is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position



The Tricklar short term trend indicator (T1) highlights the high points and low points associated with the individual bars. As such, successive rallies penetrating preceding high points whilst cancelling preceding lower troughs offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous Lower peaks whilst maintaining prices below the previous lower troughs indicates BEARISH trends in the second timeframe.

Calculation: Tricklar short trend (T1):
1) [BULLISH] An uptrend is a succession of higher highs and higher lows;
2) [BEARISH] A downtrend is a succession of lower highs and lower lows;


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:

1st timeframe trend

Download
Company Close Change(%) Volume Value Signal
FBR Fastbrick Robotics 0.06 5.8 881,024 0 NEUTRAL
RUL Runge 1.13 5.1 551,129 0 NEUTRAL
MNS Milnes Holdings 0.11 4.8 239,846 0 NEUTRAL
HUO Huon Aquaculture 4.7 4.4 14,880 0 NEUTRAL
PNI Pinnacle Investment Management 4.81 4.3 558,446 0 NEUTRAL
CAT Catuity 2.17 3.8 509,665 0 NEUTRAL
ADH Adairs 2.24 3.7 396,970 0 NEUTRAL
AAC Australian Agricultural 1.15 3.6 406,105 0 NEUTRAL
SYR Syrah Resources 0.6 3.5 2,137,353 0 NEUTRAL
CGC Consolidated Gaming Corporation 2.75 3.4 1,912,548 0 NEUTRAL