-2.08% for National Grid stock — technicals show buyer dominance but short-term selling emerges

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National Grid down 2.08% at GBX 1,154

Highlights

National Grid has issued 7.08 million new shares under its 2025/26 interim scrip dividend scheme, increasing the company's share capital.
The company has filed applications with the UK Financial Conduct Authority and the London Stock Exchange to admit these new shares to trading.
National Grid continues to prioritize electricity transmission in Britain and regulated gas and electricity networks in the northeastern United States.

Share issuance and trading application highlight capital actions amid core focus

National Grid has issued 7.08 million new shares as part of its 2025/26 interim scrip dividend scheme. The company has also applied to the UK Financial Conduct Authority and the London Stock Exchange to admit these shares to trading. National Grid maintains its core focus on electricity transmission in Britain and regulated gas and electricity networks in the northeastern United States.

Positive daily trend diverges as short-term signals warn of selling

Technically, the nearest support level for NG is the Ichimoku Kijun at GBX 1,148.93, with the MA-50 reinforcing support and resistance set at the round number of GBX 1,180. Daily momentum remains positive according to MACD and ADX, but short-term oscillators like Stochastic RSI and CCI indicate overbought or strong sell conditions. RSI is at 61.40, in buy territory, while Bull/Bear Power and the Awesome Oscillator confirm lingering buyer dominance on the daily chart. Shorter timeframes now point to oversold or increasing selling pressure, suggesting a divergence from the daily uptrend.

Sideways range likely as high upside risks meet key volatility bands

For the coming week, the typical volatility band is expected to span GBX 1,145.00 to GBX 1,175.00 around the current market level. The probability of a price increase remains high (above 80%), supported by "Buy" signals from MA-50-W1, RSI-W1, and MACD-W1. The baseline expectation is that NG will hold within a sideways range between the Ichimoku Kijun and the resistance at GBX 1,180. A sustained move above GBX 1,180 could trigger further gains, while a break below the Ichimoku Kijun or MA-50 would open the door to deeper short-term pullbacks.

Anton Kharitonov, analyst at Traders Union, sees National Grid holding above key moving averages but warns about mixed short-term indicators. He notes that new share issuance is unlikely to disrupt the overall uptrend, yet technical oscillators now show emerging selling pressure. The base scenario is consolidation between GBX 1,145.00 and GBX 1,180, with upside risks limited unless resistance breaks. "Unless GBX 1,180 is cleared convincingly, I remain defensive and expect further choppy action."

Last time, analysts noted that National Grid plc remained in a bullish trend, trading above all key moving averages with daily momentum supported by a positive MACD and rising ADX. Despite overbought signals from RSI, Stochastic RSI, and CCI, support levels are holding and price action is expected to consolidate sideways within a defined volatility band unless a breakout or support breach occurs.

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.