Technical Analysis for GRNT - Granite Ridge Resources, Inc.

Grade Last Price % Change Price Change
B 6.52 0.31% 0.02
GRNT closed up 0.31 percent on Wednesday, November 20, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Hammer Candlestick Bullish 0.31%
180 Bullish Setup Bullish Swing Setup -1.36%
Stochastic Reached Overbought Strength -1.36%
Inside Day Range Contraction -1.36%
Gapped Up Strength -1.36%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 20 hours ago
Possible NR7 about 20 hours ago
Possible Inside Day about 20 hours ago
Down 3% 2 days ago
Fell Below Previous Day's Low 2 days ago

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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

Indicators

Indicator Value
52 Week High 6.9798
52 Week Low 4.9385
Average Volume 438,291
200-Day Moving Average 6.20
50-Day Moving Average 6.18
20-Day Moving Average 6.25
10-Day Moving Average 6.53
Average True Range 0.18
RSI (14) 57.98
ADX 20.0
+DI 22.06
-DI 17.10
Chandelier Exit (Long, 3 ATRs) 6.19
Chandelier Exit (Short, 3 ATRs) 6.33
Upper Bollinger Bands 6.86
Lower Bollinger Band 5.65
Percent B (%b) 0.72
BandWidth 19.21
MACD Line 0.13
MACD Signal Line 0.10
MACD Histogram 0.0291
Fundamentals Value
Market Cap 867.18 Million
Num Shares 133 Million
EPS 0.89
Price-to-Earnings (P/E) Ratio 7.33
Price-to-Sales 1.93
Price-to-Book 1.13
Dividend 0.33
Dividend Yield 5.06%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.66
Resistance 3 (R3) 6.65 6.59 6.63
Resistance 2 (R2) 6.59 6.56 6.60 6.62
Resistance 1 (R1) 6.56 6.54 6.58 6.57 6.62
Pivot Point 6.50 6.50 6.51 6.51 6.50
Support 1 (S1) 6.47 6.47 6.49 6.48 6.42
Support 2 (S2) 6.41 6.45 6.42 6.42
Support 3 (S3) 6.38 6.41 6.41
Support 4 (S4) 6.39