USA - New York Stock Exchange - NYSE:GRNT - US3874321074 - Common Stock
Overall GRNT gets a technical rating of 0 out of 10. 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 a resistance zone just above the current price starting at 5.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.13, a Stop Loss order could be placed below this zone.
4.63
4 important support areas can be observed.
We can see 6 important resistance areas.
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 | 25.04 | NEGATIVE | GRNT has a low relative strength, it was outperformed by 74.96% 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) | 48.01 | 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) | 63.79 | NEUTRAL | The Stochastics value for GRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for GRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.37 | NEGATIVE | The low ADX value for GRNT suggests a weak or negative trend. |
5.14
-0.04 (-0.77%)
ChartMill assigns a technical rating of 0 / 10 to GRNT.
The current trend direction for GRANITE RIDGE RESOURCES INC (GRNT) is Bearish.
GRANITE RIDGE RESOURCES INC (GRNT) has an RSI value of 48.0066. This indicates that the stock is currently neutral.
The short term momentum for GRANITE RIDGE RESOURCES INC (GRNT) is negative.
The buy/sell signal for GRANITE RIDGE RESOURCES INC (GRNT) is sell as both the short term and long term trends are negative.