GRANITE RIDGE RESOURCES INC (GRNT) Stock Technical Analysis
USA - 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.
GRNT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GRNT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4.63
4 important support areas can be observed.
- A support zone ranging from 5.38 to 5.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.19 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.87 to 4.89. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 4.68 to 4.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @5.42 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.73 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.23 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 | NEUTRAL | NEUTRAL | The short term trend for GRNT is neutral. |
| ChartMill Relative Strength | 22.32 | NEGATIVE | GRNT has a low relative strength, it was outperformed by 77.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GRNT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GRNT is above 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) | 47.95 | NEUTRAL | The RSI value for GRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GRNT has a positive trend. |
| Stochastics (14,3) | 52.78 | NEUTRAL | The Stochastics value for GRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for GRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 9.3 | NEGATIVE | The low ADX value for GRNT suggests a weak or negative trend. |
NYSE:GRNT (11/6/2025, 1:27:47 PM)
5.4
+0.12 (+2.27%)
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 trend direction for 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 47.9502. This indicates that the stock is currently neutral.
What is the short term momentum for GRANITE RIDGE RESOURCES INC (GRNT) stock?
The short term momentum for GRANITE RIDGE RESOURCES INC (GRNT) is neutral.