National Grid stock price forecast: short-term consolidation as NG trades near support

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National grid slips 0.04% to GBX 1,137.50

Highlights

NG trades at GBX 1,137.50, just above the MA-20 (GBX 1,135.05) and slightly below the MA-50 (GBX 1,143.68), highlighting short-term consolidation near key technical levels.
Momentum signals are conflicting, with daily MACD issuing a strong sell signal while RSI and supporting oscillators remain mildly bullish to neutral, and trend strength is low per ADX.
Technical outlook for the coming week favors a bullish bias within a GBX 1,101–1,160 range, as three of four weekly signals flash 'Buy' and material downside risk is minimal.

Momentum warnings intensify as oscillators show conflicting signals

Momentum signals are mixed: the daily MACD gives a strong sell warning while ADX remains neutral, indicating low prevailing trend strength. RSI signals mild bullishness without overbought conditions, while Stoch RSI and CCI suggest a neutral to slightly positive bias. Bull/Bear Power reads as overbought, highlighting recent buyer dominance, though the Awesome Oscillator remains neutral and does not reinforce the short-term move. There was no meaningful gap at the open, and the current price is mid-range for today, suggesting low volatility. The daily tone is marginally negative after an early dip, and the minor price pullback appears at odds with the conflicting signals from momentum and oscillators.

Bias tilts bullish as moderate trend supports upside scenario

For the coming week, the expected trading range is adjusted to GBX 1,101–1,160 to reflect typical volatility around current levels. The probability of an upward move is more likely, with a much lower chance of a material decline, based on three of four key weekly signals flashing “Buy.” The baseline scenario sees NG holding within this corridor as trend strength remains modest. A bullish breakout above GBX 1,143.68 (MA-50) opens the way for tests toward the upper end of the range, while a decisive drop below GBX 1,135–1,136 support could trigger short-term weakness and retest the lower band.

Viktoras Karapetjanc, analyst at Traders Union, sees National Grid holding firm above its long-term support with macro and sentiment factors stable. He believes mixed momentum signals and a lack of major news leave the door open for range trading, but technical structure favors a bullish bias. The analyst expects any sustained move above GBX 1,143.68 to unlock further upside, with support at GBX 1,135–1,136 providing a safety net. 'If NG can maintain strength above key support, I see this as an attractive setup for moderate upside within the projected range,' says Karapetjanc.

Previously it was reported that National Grid plc is trading just above its 20-day moving average but remains below the 50-day, with price action supported by the 200-day average, signaling short-term stability within a long-term bullish context. Momentum indicators are mixed—MACD shows a strong sell while RSI and Stoch RSI suggest mild bullishness—yet with key support near 1,134 and resistance near 1,143, the probability of a near-term price increase is high, limiting the odds of a pullback.

Source of Data: NG Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.