GRANITE RIDGE RESOURCES INC (GRNT) Stock Technical Analysis
NYSE:GRNT - New York Stock Exchange, Inc. - US3874321074 - Common Stock - Currency: USD
Overall GRNT gets a technical rating of 1 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.
When comparing the yearly performance of all stocks, GRNT is a bad performer in the overall market: 71% of all stocks are doing better.
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 52% 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.
In the last month GRNT has a been trading in the 6.04 - 6.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GRNT does present a nice setup opportunity. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.10
7.12
4 important support areas can be observed.
- Support @6.00 from a trend line in the weekly time frame.
- A support zone ranging from 5.79 to 5.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @5.51 from a trend line in the weekly time frame.
- Support @5.15 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.17 to 6.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.80 to 6.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.05 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.38
Mansfield-1.05
10 Day High6.49
10 Day Low6.04
20 Day High6.58
20 Day Low6.04
52 Week High7.1
52 Week Low5.47
Performance
1 Week-0.33%
2 Weeks0%
1 Month-7.12%
3 Month-9.59%
6 Month-5.69%
12 Month-0.33%
2 Year15.88%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)43.58
LBB5.98
UBB6.44
6.13
-0.28 (-4.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.37%
1 Week-0.33%
2 Weeks0%
1 Month-7.12%
3 Month-9.59%
6 Month-5.69%
12 Month-0.33%
2 Year15.88%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.82%
ATR Inc47.56%
Range Today0.31
ADR(20)0.16
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.38
Mansfield-1.05
10 Day High6.49
10 Day Low6.04
20 Day High6.58
20 Day Low6.04
52 Week High7.1
52 Week Low5.47
CS1 End6
CR1 Start6.17
Volume & EV
DER(3)-3.91%
DER(5)-1.89%
Volume498.20K
Volume Incr-1.97%
Vol(5)304.74K
Vol(50)528.31K