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    Technical Analysis for GRNT - Granite Ridge Resources, Inc.

    Grade Last Price % Change Price Change
    B 6.57 0.38% 0.03
    GRNT closed up 0.15 percent on Wednesday, May 8, 2024, on 76 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
    1 Watcher
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Up Up Up
    Historical GRNT trend table...
    Date Alert Name Type % Chg
    NR7 Range Contraction 0.38%
    Narrow Range Bar Range Contraction 0.38%
    Fell Below 20 DMA Bearish 0.54%
    Crossed Above 20 DMA Bullish -1.43%
    Pocket Pivot Bullish Swing Setup -1.43%
    Up 3 Days in a Row Strength -1.43%
    Crossed Above 50 DMA Bullish 1.78%
    NR7 Range Contraction 1.78%
    NR7-2 Range Contraction 1.78%
    Gapped Up Strength 1.78%
    Older End-of-Day Signals for GRNT ...

       Recent Intraday Alerts

    Alert Time
    Possible NR7 about 22 hours ago
    10 DMA Support 1 day ago
    Fell Below Previous Day's Low 1 day ago
    60 Minute Opening Range Breakdown 2 days ago
    Possible NR7 2 days ago
    View Earlier Intraday Alerts

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    Profile

    Granite Ridge is a scaled, non-operated oil & gas exploration and production company. We invest in a diversified portfolio of production and top-tier acreage across the Permian and four other prolific U.S. basins in partnership with proven operators. We create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for our team, and delivering reliable energy solutions to all – safely and responsibly.
    Classification
    Sector: Energy
    Industry: Oil & Gas E&P
    Keywords: Gas Exploration Energy Solutions

    Is GRNT a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 7 With A 12% Return On Equity, Is Granite Ridge Resources, Inc. (NYSE:GRNT) A Quality Stock?
    May 1 EnerCom Announces Mike Wirth, Chairman and Chief Executive Officer of Chevron, as Keynote Speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference
    Apr 16 EnerCom is Pleased to Announce that Registration is Now Open for the 29th Annual EnerCom Denver - The Energy Investment Conference
    Apr 16 While institutions own 25% of Granite Ridge Resources, Inc. (NYSE:GRNT), private equity firms are its largest shareholders with 57% ownership
    Apr 12 Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference Call
    Apr 5 Granite Ridge Resources: Balancing Production Growth With Increasing Debt
    Apr 4 Granite Ridge Resources announces expansion of revolving credit facility
    Apr 4 Granite Ridge Announces Expansion of Revolving Credit Facility
    Mar 11 Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat Series
    Mar 8 Granite Ridge Resources, Inc. (GRNT) Q4 2023 Earnings Call Transcript
    See more GRNT news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 7.7849
    52 Week Low 4.6681
    Average Volume 375,606
    200-Day Moving Average 6.17
    50-Day Moving Average 6.42
    20-Day Moving Average 6.61
    10-Day Moving Average 6.51
    Average True Range 0.18
    RSI (14) 50.74
    ADX 14.87
    +DI 25.54
    -DI 25.45
    Chandelier Exit (Long, 3 ATRs) 6.41
    Chandelier Exit (Short, 3 ATRs) 6.73
    Upper Bollinger Bands 6.93
    Lower Bollinger Band 6.29
    Percent B (%b) 0.39
    BandWidth 9.80
    MACD Line 0.02
    MACD Signal Line 0.04
    MACD Histogram -0.0239
    Fundamentals Value
    Market Cap 869.84 Million
    Num Shares 133 Million
    EPS 0.89
    Price-to-Earnings (P/E) Ratio 7.35
    Price-to-Sales 1.93
    Price-to-Book 1.13
    Dividend 0.33
    Dividend Yield 5.05%
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 6.66
    Resistance 3 (R3) 6.66 6.62 6.64
    Resistance 2 (R2) 6.62 6.59 6.62 6.63
    Resistance 1 (R1) 6.58 6.57 6.60 6.58 6.63
    Pivot Point 6.54 6.54 6.55 6.54 6.54
    Support 1 (S1) 6.50 6.51 6.52 6.50 6.45
    Support 2 (S2) 6.46 6.49 6.46 6.45
    Support 3 (S3) 6.42 6.46 6.44
    Support 4 (S4) 6.42