GRANITE RIDGE RESOURCES INC (GRNT) Technical Analysis
NYSE:GRNT • US3874321074
Current stock price
5.69 USD
-0.34 (-5.64%)
At close:
5.8 USD
+0.11 (+1.93%)
After Hours:
GRNT Technical Rating and Analysis
Taking everything into account, GRNT scores 7 out of 10 in our technical rating. Although GRNT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, GRNT did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- GRNT is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, GRNT did better than 41% of them.
- GRNT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GRNT is lagging the market slightly.
- In the last month GRNT has a been trading in the 4.93 - 6.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
GRNT Weekly and Daily overview Charts
GRNT Setup Rating and Analysis
Although GRNT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GRNT Support and Resistance Analysis
4.85
6.10
3 important support areas can be observed.
- A support zone ranging from 5.20 to 5.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.01 to 5.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.90 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.82 to 5.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.04 from a horizontal line in the daily time frame.
GRNT Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for GRNT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRNT is neutral. |
| ChartMill Relative Strength | 77.84 | POSITIVE | GRNT has a high relative strength, it outperformed 77.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GRNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.7 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 72.34 | NEUTRAL | The Stochastics value for GRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for GRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for GRNT suggests a weak or negative trend. |
GRNT Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
GRNT Technicals: Chart, Performance Metrics, Trend & Indicators
5.69
-0.34 (-5.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-5.64%
1 Week-3.07%
2 Weeks3.45%
1 Month13.35%
3 Month31.41%
6 Month10.27%
12 Month16.36%
2 Year-12.73%
3 Year0.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%4.2%
ATR Inc92.08%
Range Today0.29
ADR(20)0.21
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.84
3 months CRS95.01
6 months CRS72.61
Mansfield0.18
10 Day High6.09
10 Day Low5.39
20 Day High6.09
20 Day Low4.93
52 Week High6.72
52 Week Low4.18
CS1 End5.47
CR1 Start5.82
Volume & EV
DER(3)5.71%
DER(5)2.59%
Volume1.05M
Volume Incr3.55%
Vol(5)1.19M
Vol(50)880.18K
GRANITE RIDGE RESOURCES INC / GRNT TA FAQ
Can you provide the ChartMill technical rating for GRANITE RIDGE RESOURCES INC?
ChartMill assigns a technical rating of 7 / 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 Bullish.
What is the RSI signal for GRNT stock?
GRANITE RIDGE RESOURCES INC (GRNT) has an RSI value of 54.6984. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GRANITE RIDGE RESOURCES INC?
The MACD indicator for GRANITE RIDGE RESOURCES INC (GRNT) has a value of 0.00712189, indicating a bearish trend.