Steady performance for National Grid stock as price trades near £1,340 resistance

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National Grid up 0.60% at GBX 1,301.40

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Dmytro Kharkov

28.04.2026

Steady performance for National Grid stock as price trades near £1,340 resistance — National Grid up 0.60% at GBX 1,301.40

National Grid plc (NG) is trading at GBX 1,301.40, up 0.60% today and holding above its key short-term averages, with upward momentum evident in early moves.

NG price prediction

24H 0.02%

GBX 1199.25

48H -0.16%

GBX 1197.13

7D -0.49%

GBX 1193.13

1M -3.78%

GBX 1153.65

3M -0.49%

GBX 1193.18

6M 4.58%

GBX 1253.97

12M 20.67%

GBX 1446.85

Detailed

Current price: GBX 1199 0.50 0.04%

Closed 06/04

Daily range 1191.00

1210.50

Weekly range 1179.50

1225.84

Highlights

GBX 1,301.40 remains above short-term support but below medium-term resistance, reflecting renewed short-term bullish momentum amid moderate headwinds.
Momentum indicators are mixed, with mild loss of momentum and bearish RSI offset by dominant intraday buying and overbought signals.
The next five-day range is projected at GBX 1,285–1,340; probability of a price increase exceeds 80% based on weekly trend signals.

Mixed momentum signals emerge as daily oscillators diverge near resistance

On the daily chart, GBX 1,301.40 is above the SMA-20 at GBX 1,295.40, but remains below the SMA-50 at GBX 1,319.60, with strong long-term support shown by the SMA-200 at GBX 1,169.75. The Ichimoku Kijun (D1) provides immediate support at GBX 1,281.01. Momentum indicators are mixed: the MACD (D1) points to a mild loss of momentum (Sell), ADX is neutral, RSI (D1) tilts slightly bearish (Sell), Stoch RSI is neutral, and CCI is balanced, while BBP is overbought — highlighting dominance by buyers in intraday flows. Despite a small gap down at the open, recent gains have brought the price close to today's high, and oscillators reveal diverging signals as momentum readings advise caution while BBP underscores intraday buying strength.

Bullish tilt persists as future upside outweighs pullback risk

Over the coming five sessions, GBX 1,285–1,340 outlines the typical volatility band relative to current levels. The probability for a move higher exceeds 80%, while downside scenarios are less likely, as weekly MA-50, RSI, ADX, and MACD all favor a bullish bias. The base case is for NG to consolidate sideways within this range. Upside breaks above GBX 1,340 open the path for further gains, while a decline below immediate support at GBX 1,281 could trigger a short-term pullback.

Viktoras Karapetjanc, expert at Traders Union, sees a constructive setup in National Grid plc as the price maintains strength above key short-term averages and finds support from higher time-frame indicators. He notes that intraday buying is strong, even as some momentum readings turn mixed, but the overall sentiment remains bullish with volatility mostly contained within GBX 1,285–1,340. Karapetjanc believes the base case is sideways consolidation with a clear bullish bias for the next sessions. He highlights that immediate support at GBX 1,281 is crucial for near-term direction. "I expect that as long as GBX 1,281 holds, momentum and sentiment favor further gains for National Grid in the coming days."

Earlier, analysts noted that National Grid's price action was expected to remain stable within a consolidating trend, supported by neutral technical signals. With the current move above short-term averages and ongoing bullish momentum, traders should monitor for a potential upside breakout above GBX 1,340, which could signal the next leg higher.

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.