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GR Engineering Services Limited

GNG.AX Technical Analysis Summary (ASX)

Analyze GNG.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

GNG.AX●ASX
IndustrialsEngineering & Construction
$6.30
$0.00(0.00%)
Australian Market is Open · 11:23

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

GNG.AX Technical Analysis Summary (ASX)

GR Engineering Services Limited (ASX: GNG.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 59.15)
Trend Strength:Moderate (ADX: 20.30)
Volatility:Medium (ATR: 0.25)
Support/Resistance:$5.33 – $6.31 (Bollinger Bands)

Technical conditions suggest GR Engineering Services Limited on the ASX is awaiting a decisive move. Overall, GR Engineering Services Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 59.15

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 74.22

Bullish
Buying momentum building without extremes.

Williams %R: -35.24

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 8.42

Strongly Bullish
Strong upside momentum.

Takeaway:GR Engineering Services Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.19

Bullish
Bullish, trend momentum is strengthening.

ADX: 20.30

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.25

Low
Low volatility, stable price action.

CCI (14): 126.22

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:GR Engineering Services Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$6.31
Middle Band (SMA 20)
$5.82
Lower Band
$5.33
Current Position
Within Bands

Takeaway:GR Engineering Services Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$6.30
Middle Line (EMA 20)
$5.81
Lower Channel
$5.31
Squeeze Status
Squeeze On

Takeaway:GR Engineering Services Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume5.93M
Money Flow Index57.25Neutral, balanced money flows with no clear signal.
Relative Vigor Index50.87Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:GNG.AX shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of GR Engineering Services Limited (ASX: GNG.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:GR Engineering Services Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(ASX: GNG.AX) Technical Analysis FAQ