GRANITE RIDGE RESOURCES INC (GRNT) Stock Technical Analysis
USA - NYSE:GRNT - US3874321074 - Common Stock
5.49 USD
-0.07 (-1.26%)
5.49 USD
0 (0%)
We assign a technical rating of 3 out of 10 to GRNT. Recently some decent action could be observed, but in the medium term time frame this is still negative. GRNT was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than GRNT.
In the last month GRNT has a been trading in the 5.31 - 5.91 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
GRNT is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, GRNT did better than 40% of them.
GRNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRNT is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GRNT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
4.63
6.94
4 important support areas can be observed.
- A support zone ranging from 5.39 to 5.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.19 from a horizontal line in the daily time frame.
- 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 5.51 to 5.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.64 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.29 from a trend line in the weekly time frame.
- Resistance @6.51 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for GRNT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRNT is neutral. |
| ChartMill Relative Strength | 20.43 | NEGATIVE | GRNT has a low relative strength, it was outperformed by 79.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GRNT is below 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 | NEGATIVE | The current price of GRNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.95 | 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. |
| Stochastics (14,3) | 35.03 | NEUTRAL | The Stochastics value for GRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for GRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.25 | NEGATIVE | The low ADX value for GRNT suggests a weak or negative trend. |
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)
5.49
-0.07 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.26%
1 Week2.43%
2 Weeks-3.85%
1 Month1.48%
3 Month-5.02%
6 Month12.27%
12 Month-11.74%
2 Year-10.88%
3 Year-42.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%3.29%
ATR Inc-12.58%
Range Today0.2
ADR(20)0.17
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.43
Mansfield-1.58
10 Day High5.91
10 Day Low5.32
20 Day High5.91
20 Day Low5.31
52 Week High7
52 Week Low4.52
CS1 End5.43
CR1 Start5.51
Volume & EV
DER(3)2.88%
DER(5)2.39%
Volume352.40K
Volume Incr-35.93%
Vol(5)321.65K
Vol(50)550.56K