National Grid stock declines as full-year results trigger a wave of selling

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National Grid slides 3.31% today

Highlights

National Grid raised its total annual dividend to 48.49p per share, signaling a strong commitment to shareholder returns for 2024/25.
The company reinforced its long-term focus on regulated cash flows and continued heavy investment in electricity and gas infrastructure supporting the energy transition.
Technicals show pronounced short-term selling pressure and high intraday volatility, with consolidation expected between GBX 1,210 and GBX 1,255 in the near term.

Dividend increase and earnings clarity amid persistent selling

National Grid plc reported its full-year results for the 2024/25 fiscal year on May 28, 2026, providing verified figures on performance and corporate strategy. The company declared a final dividend of 32.14p, raising the total annual payout to 48.49p per share and specifying a concrete return to investors. Continued allocation of significant funds to electricity and gas infrastructure for the energy transition was confirmed, reinforcing the long-term focus on regulated and predictable cash flows — though price action has remained under broader selling pressure.

Bearish momentum as technicals reflect regime shift and volatility

Technically, NG trades beneath the SMA-20 at GBX 1,275.67 and SMA-50 at GBX 1,285.60, while still holding above the SMA-200 at GBX 1,191.02. The Ichimoku Kijun level at GBX 1,253.80 stands as immediate resistance. Intraday momentum signals remain negative, with MACD showing a strong sell and ADX at low levels, indicating weak trend conviction. Stoch RSI and RSI display oversold or bearish signals, CCI stays neutral, and BBP—despite an earlier overbought reading—has shifted, highlighting sellers' recent dominance. The session opened with a gap down between GBX 1,270.00 and GBX 1,235.00, and the price is trading near today's low in a volatile, seller-driven environment. The AO remains neutral and does not add to confirmation of the most recent move. Divergence between BBP's earlier overbought status and current selling highlights an intraday regime shift.

Range-bound trade likely as consolidation trumps breakout risk

Over the next five trading days, price is expected to fluctuate within a GBX 1,210 to GBX 1,255 range based on typical volatility observed in recent sessions. The baseline case is for NG to consolidate between these levels. A bullish breakout scenario may develop if the price regains ground above resistance at GBX 1,254, while a break below GBX 1,210 would indicate renewed downside risk and a test of longer-term moving averages. Probability of either direction is moderate (50%), and consolidation remains the most likely outcome barring new catalysts.

Viktoras Karapetjanc, expert at Traders Union, notes that National Grid’s latest results and the confirmed dividend reinforce its reputation for stable, regulated income in the sector. He views the ongoing investment in infrastructure for the energy transition as a clear long-term positive, even as short-term sentiment remains cautious due to seller-driven price action. The analyst expects price to consolidate near current levels unless a new catalyst shifts momentum. 'With fundamentals intact and clear capex guidance, I see the current weakness as an opportunity to watch for constructive setups above GBX 1,254,' says Karapetjanc.

Earlier, analysts noted that National Grid was exhibiting ongoing short- and medium-term technical weakness despite support from long-term fundamentals and stable dividends. The latest full-year results and sustained investment commitments reinforce this backdrop, but with momentum signals still negative, traders should closely monitor for a sustained move above GBX 1,254 to signal any shift from the prevailing consolidation scenario.

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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