National Grid stock: capital update and resistance near £1,145 coincide with mild decline

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National Grid slips 0.52% to GBX 1,141.50

Highlights

National Grid confirmed 5,191,884,002 ordinary shares issued as of November 30, 2025, with 4,961,544,886 shares carrying voting rights under FCA disclosure rules.
Recent director share activity includes Talvis Love receiving ADS awards and executives making purchases under incentive plans, updating the market on insider stakes.
These capital structure and management interest disclosures provide investors with the latest data on shareholder composition and director alignment as of November 2025.

Shareholder transparency rises with capital and director disclosures

National Grid updated its capital structure as of November 30, 2025, confirming 5,191,884,002 ordinary shares in issue, with 230,339,116 held in treasury and 4,961,544,886 voting shares disclosed in line with FCA regulations. The company also reported recent director share transactions, including ADS awards to Talvis Love and executive purchases under incentive plans. These capital and management disclosures provide an up-to-date view of shareholder structure and director interests.

Overbought signals diverge from muted momentum after early pullback

Momentum signals are mixed: the daily MACD is neutral and ADX is low, indicating a lack of strong trend. The RSI is modestly bullish while daily Stoch RSI flags overbought conditions, and the CCI confirms a short-term positive bias. BBP currently points to an overbought situation, suggesting buyers have dominated, but prices have pulled back. The Awesome Oscillator is neutral and does not reinforce the directional bias. Today, National Grid opened with no gap from the previous close and is currently near the session’s low after slipping 0.52%. Intraday volatility is low, with steady pressure seen after the open, and the mixed oscillators highlight ongoing divergence between overextended conditions and muted daily momentum.

Sideways consolidation likely as breakout risk remains asymmetric

For the next five days, the expected trading range is GBX 1,129 to GBX 1,155, reflecting typical weekly volatility for this asset. The probability of a price increase is more than 80%, as all weekly and daily trend indicators (RSI, MA-50, MACD) suggest bullishness, while chances of a decline are low. The baseline scenario is for price to consolidate sideways around current levels. A bullish break above the MA-50 resistance (GBX 1,145–1,155) could push prices higher, while a move below GBX 1,130 may open the way toward long-term support near GBX 1,115.

Anton Kharitonov, Traders Union expert, sees National Grid trading above key long-term support, but encountering resistance at the MA-50. He notes mixed momentum and overbought oscillators, while recent management disclosures provide a stable institutional backdrop. The base case is for sideways consolidation, unless GBX 1,145–1,155 breaks convincingly. "Until buyers reclaim the MA-50 and momentum aligns, I remain cautious on further upside."

Last time, analysts noted that National Grid plc remained in a bullish short- and long-term trend, trading above key moving averages and with support from indicators such as the weekly MACD and RSI, though medium-term resistance persists near the MA-50. Momentum signals are mixed, with oscillators pointing to possible overbought conditions, while immediate support is indicated by the Ichimoku Kijun and resistance by the MA-50, supporting expectations for range-bound consolidation in the near term.

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

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