GRANITE RIDGE RESOURCES INC (GRNT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GRNT - US3874321074 - Common Stock
We assign a technical rating of 0 out of 10 to GRNT. GRNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, GRNT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 4.69, a Stop Loss order could be placed below this zone.
More info and screens
4.58
We found 1 important support area.
- A support zone ranging from 4.63 to 4.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @4.81 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.23 to 5.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.39 to 5.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.56 from a horizontal line in the daily time frame.
- Resistance @6.10 from a trend line in the weekly time frame.
- Resistance @6.87 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GRNT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GRNT is down. |
| ChartMill Relative Strength | 16.12 | NEGATIVE | GRNT has a low relative strength, it was outperformed by 83.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GRNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GRNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.07 | NEUTRAL | The RSI value for GRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GRNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.44 | OVERSOLD | The low Stochastics value suggests GRNT may be oversold. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for GRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.05 | NEUTRAL | The ADX value for GRNT suggests a possible start of a new trend. |
4.7
-0.1 (-2.08%)
GRANITE RIDGE RESOURCES INC / GRNT FAQ
Can you provide the ChartMill technical rating for GRANITE RIDGE RESOURCES INC?
ChartMill assigns a technical rating of 0 / 10 to GRNT.
What is the current trend direction of GRANITE RIDGE RESOURCES INC (GRNT) stock?
The current trend direction for GRANITE RIDGE RESOURCES INC (GRNT) is Bearish.
Can you provide the RSI signal for GRANITE RIDGE RESOURCES INC?
GRANITE RIDGE RESOURCES INC (GRNT) has an RSI value of 40.0683. This indicates that the stock is currently neutral.
What is the short term momentum for GRNT stock?
The short term momentum for GRANITE RIDGE RESOURCES INC (GRNT) is negative.
Can you provide the support and resistance levels for GRANITE RIDGE RESOURCES INC?
GRANITE RIDGE RESOURCES INC (GRNT) has a support level at 4.69 and a resistance level at 4.81. Check the full technical report for our detailed analysis of GRNT support and resistance levels.