National Grid stock price forecast: GBX1,185.16 support key as NG slips 1.47%

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National Grid slides 1.47% today

Highlights

NG/GBX remains under sustained selling pressure, trading below key short-, medium-, and long-term moving averages.
Momentum indicators signal a prevailing bearish bias, with multiple oscillators confirming oversold conditions and weak directionality.
The price is projected to range between GBX1,185.16 and GBX1,211.50, with low upside probability and rising risk of a breakdown below support.

Selling pressure intensifies as momentum indicators turn mixed

On the technical front, NG is currently trading below the MA-20 (GBX1,209.71), MA-50 (GBX1,208.13), and MA-200 (GBX1,202.95) levels. The Ichimoku Kijun sits at GBX1,209.75 and acts as immediate resistance. Momentum readings are mixed: the MACD is neutral, as is the ADX, but the RSI stands at 40.65, generating a sell signal. Additional indicators such as Stoch RSI, CCI, and Bull/Bear Power point to oversold conditions, while the Awesome Oscillator remains aligned with seller dominance. Recent trading has been marked by a negative gap and moderate volatility, with price closing near the session low and oscillators underscoring pronounced short-term seller pressure.

Sideways range persists as upside breakout risk diminishes

Over the next few trading sessions, NG is expected to trade within a volatility band of GBX1,185.16 to GBX1,211.50. The probability of an upward breakout is very low, and downside risk remains elevated. The base scenario sees price action confined to a sideways corridor, with a bullish reversal requiring a decisive move above GBX1,209.75 resistance. Conversely, a close below GBX1,185.16 support could trigger a further decline.

Anton Kharitonov, expert at Traders Union, sees National Grid plc under persistent technical pressure. The stock sits below all key moving averages and faces immediate resistance at GBX1,209.75. Downside risk is elevated and no fundamental catalysts are present. "Base scenario is sideways to lower, with sellers firmly in control unless GBX1,209.75 is reclaimed."

Earlier, analysts noted that public support for the UK energy transition hinges on aligning decarbonisation policies with household affordability, particularly amid ongoing political and policy debates. In the current market setup, traders should monitor whether a sustained move above the GBX1,209.75 resistance can shift the outlook for National Grid, as prevailing conditions suggest continued short-term vulnerability unless a bullish reversal materializes.

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.