National Grid plc Stock Forecast
National Grid plc stock price up 1.05% on Friday
(Updated on Jun 14, 2024)
The National Grid plc stock price gained 1.05% on the last trading day (Friday, 14th Jun 2024), rising from £872.80 to £882.00. During the last trading day the stock fluctuated 1.96% from a day low at £869.20 to a day high of £886.20. The price has risen in 6 of the last 10 days and is up by 4.63% over the past 2 weeks. Volume fell on the last day by -12 million shares and in total, 14 million shares were bought and sold for approximately £12.24 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.87% during the next 3 months and, with a 90% probability hold a price between £694.45 and £936.26 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 5.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The National Grid plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £991.69. On a fall, the stock will find some support from the short-term average at £876.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for National Grid plc stock
National Grid plc finds support from accumulated volume at £876.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £17.00 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NG.L) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect National Grid plc to open at £879.13, and during the day (based on 14 day Average True Range), to move between £852.56 and £911.44, which gives a possible trading interval of +/-£29.44 (+/-3.34%) up or down from last closing price. If National Grid plc takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £882.40 (0.05%) than the support at £876.60 (0.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is National Grid plc stock A Buy?
National Grid plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.732 Sell Candidate Unchanged
Predicted Opening Price for National Grid plc of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| £879.13 ( 0.325%) | £882.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 896.13 | 1.60% |
| R2 | 889.64 | 0.87% |
| R1 | 885.63 | 0.411% |
| Price | 882.00 | |
| S1 | 872.64 | -1.06% |
| S2 | 868.63 | -1.52% |
| S3 | 862.13 | -2.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 923.71 | 4.73% |
| R2 | 886.00 | 0.454% |
| R1 | 882.40 | 0.0454% |
| Price | 882.00 | |
| S1 | 876.60 | -0.612% |
| S2 | 843.00 | -4.42% |
| S3 | 838.40 | -4.94% |
NG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jul 19, 2024 | £39.12 | 4.44% |
| 2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £19.40 | 2.10% |
| 3 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £37.60 | 3.88% |
| 4 | Nov 10, 2022 | Nov 24, 2022 | Jan 11, 2023 | £17.84 | 1.89% |
| 5 | May 19, 2022 | Jun 01, 2022 | Aug 17, 2022 | £33.76 | 3.15% |
FAQ
Click here for our free guide on how to buy National Grid plc Stock.
