National Grid stock forecast: Mixed momentum signals suggest continued sideways movement

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National Grid slips 0.36% to GBX1,251 today

Highlights

National Grid posted a 13% increase in first-half underlying operating profit to £2.6 billion, indicating stronger earnings for the period.
Earnings per share rose 22% to 36.5p and the company raised its 2026/2027 investment outlook to £13.5 billion.
Shares of National Grid trade below key short-term moving averages with weak momentum and are expected to range between GBX1,220 and GBX1,281 in the next few days.

Earnings growth and investment guidance strengthen despite selling pressure

National Grid reported a 13% increase in first-half underlying operating profit to £2.6 billion, reflecting stronger earnings generation for the period, according to TradingView. The company also posted a 22% rise in earnings per share to 36.5p, which directly boosts realized shareholder returns and demonstrates greater per-share profitability. Additionally, National Grid raised its 2026/2027 investment guidance to £13.5 billion, signaling a commitment to future asset growth, though price action has remained under broader selling pressure.

Mixed momentum as sell bias meets neutral oscillators

The price of NG is trading below the MA-20 at GBX1,255 and the MA-50 at GBX1,259, while remaining above the MA-200 at GBX1,239. Immediate resistance is marked by the Ichimoku Kijun at GBX1,268. MACD signals strong sell momentum, while ADX reinforces a sell bias. However, RSI, Stoch RSI, and CCI all remain neutral, indicating no strong overbought or oversold conditions. Bull/Bear Power shows a positive value at 2.07, reflecting some buyer influence intraday, but the Awesome Oscillator provides no clear trend confirmation. Overall, technical indicators point to mixed momentum and a lack of extreme positioning.

Sideways trend likely as balanced risks contain price range

Over the next two to three trading days, the likely price range for NG stock is expected to be between GBX1,220 and GBX1,281. There is a 55% probability of an upward move and a 45% likelihood of a downward move, suggesting relatively balanced directional risks. The baseline scenario is continued sideways movement within this volatility band. Should price break above immediate resistance, further gains may follow, while a drop below the lower boundary could accelerate selling.

Anton Kharitonov, analyst at Traders Union, sees mixed technical dynamics for National Grid. He notes that recent fundamental results are robust, but price action remains stuck below short- and medium-term moving averages. Momentum is indecisive, with signals lacking strong bullish conviction. "Until we see a clear break of GBX1,268 resistance, I remain defensive on National Grid short term."

Earlier, analysts noted that National Grid's strong operational performance and upgraded investment outlook were tempered by lingering near-term technical weakness. The most recent data reinforce this overall view, with mixed momentum signals suggesting that traders should monitor for a decisive breakout above resistance or a drop below support to clarify the next directional move.

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.