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Stock Trend Analysis Report

Prepared for you on Sunday, May 28, 2023.

Granite Ridge Resources, Inc. (NYSE:GRNT)

Crossroads (+60) - GRNT is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GRNT?

MarketClub looks at technical strength and momentum to determine if the timing is right for GRNT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_GRNT
Open High Low GRNT Price Change
5.95 6.09 5.86 5.90 -0.10
Entry Signal

MarketClub’s Trade Triangles for GRNT

long term down The long-term trend has been DOWN since Oct 27th, 2022 at 9.46

intermediate term up The intermediate-term trend has been UP since May 24th, 2023 at 6.11

short term up The short-term trend has been UP since May 24th, 2023 at 5.89

Smart Scan Analysis for GRNT

Based on our trend formula, GRNT is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GRNT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.95 6.09 5.86 5.90 -0.10
Prev. Close Volume Bid Ask Time
5.90 143302 2023-05-26 15:59:58
52wk High1452wk High Date2022-10-26
52wk Low4.81552wk Low Date2023-03-24
Average Volume85,596Shares Outstanding133,038
Assets794,777,000MLiabilities172,373,000M
P/E Ratio3.0457
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