National Grid stock price forecast: consolidation expected as NG holds above £1,135 support

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National Grid dips 0.04% to GBX 1,157

Highlights

National Grid (NG) trades at GBX 1,157.00, firmly above short-, medium-, and long-term moving averages, confirming a bullish trend structure.
Momentum indicators remain constructive with daily MACD buy signal and neutral ADX, but overbought Stoch RSI and CCI warn of near-term exhaustion risk.
Projected five-day range is GBX 1,135 to GBX 1,158, with over 80% probability of further strength and low likelihood of significant decline.

Momentum gauges mixed as overbought signals temper bullish bias

With price action decisively above the MA-20 (GBX 1,135.18), MA-50 (GBX 1,144.96), and MA-200 (GBX 1,074.43), NG maintains a bullish technical structure. The current level also sits comfortably above the Ichimoku Kijun at GBX 1,131.68, with dynamic support near GBX 1,135 and resistance approaching the MA-50 at GBX 1,145. Among momentum gauges, the MACD remains on a daily buy signal and the Awesome Oscillator is positive, while ADX is neutral. RSI D1 stands at a neutral-positive 59.87, but both Stoch RSI and CCI on D1 are overbought, flagging possible short-term exhaustion. The BBP indicator points to continued buyer dominance on the intraday chart, as moderate intraday volatility has kept the price near the top of today’s range.

Consolidation likely as volatility aligns with prevailing uptrend

Typical volatility projects a trading band of GBX 1,135 to GBX 1,158 for the next five days, aligning with recent weekly patterns. A consolidation within this band is the baseline scenario, supported by strong underlying trend signals. Should price break above GBX 1,158, further upside toward new highs may unfold, but a sustained drop below GBX 1,135 could prompt a pullback to deeper supports — though this appears unlikely given the prevailing bullish momentum.

Anton Kharitonov, expert at Traders Union, sees National Grid maintaining a technically strong position, with key supports holding above major moving averages. He notes that although momentum remains on buyers’ side, short-term exhaustion signals from Stoch RSI and CCI add caution. The base case is a consolidation between GBX 1,135 and GBX 1,158, reflecting a cautious tactical stance. "I remain defensive for now — as long as price holds above GBX 1,135, I expect consolidation, but a sustained drop below this level would change my bias."

Previously it was reported that National Grid plc remains in a bullish structure, trading well above all major moving averages with dynamic support at the Ichimoku Kijun and MA-50, and faces minimal overhead resistance. Momentum indicators are mixed but generally positive, with RSI and CCI supportive of further upside, while MACD and oscillators are neutral, suggesting a continued upside bias and limited near-term downside risk.

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.