National Grid Transco PLC Stock Forecast
National Grid Transco PLC stock price down 0.0299% on Wednesday
(Updated on Apr 24, 2024)
The National Grid Transco PLC stock price fell by -0.0299% on the last day (Wednesday, 24th Apr 2024) from $66.84 to $66.82. During the last trading day the stock fluctuated 0.84% from a day low at $66.40 to a day high of $66.96. The price has been going up and down for this period, and there has been a 3.01% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -83 thousand shares and in total, 254 thousand shares were bought and sold for approximately $16.95 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect National Grid Transco PLC stock with a 90% probability to be traded between $63.35 and $68.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NGG Signals & Forecast
There are mixed signals in the stock today. The National Grid Transco 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 $66.98. On a fall, the stock will find some support from the short-term average at $65.49. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.0299%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 7.83% to $72.05 within 43 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for National Grid Transco PLC stock
National Grid Transco PLC finds support from accumulated volume at $66.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.560 (0.84%) between high and low. For the last week, the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NGG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect National Grid Transco PLC to open at $66.73, and during the day (based on 14 day Average True Range), to move between $65.85 and $67.79, which gives a possible trading interval of +/-$0.97 (+/-1.45%) up or down from last closing price. If National Grid Transco PLC takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $66.85 (0.04%) than the support at $66.71 (0.16%), 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 Transco PLC stock A Buy?
National Grid Transco 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: -1.930 Sell Candidate Unchanged
Predicted Opening Price for National Grid Transco PLC of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $66.73 ( 0.140%) | $66.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NGG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.29 | 0.698 % | |
| R2 | 67.07 | 0.378 % | ||
| R1 | 66.94 | 0.180 % | ||
| Current price: | 66.82 | |||
| Support | S1 | 66.51 | -0.460 % | |
| S2 | 66.38 | -0.658 % | ||
| S3 | 66.17 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.58 | 2.63 % | |
| R2 | 67.83 | 1.51 % | ||
| R1 | 66.85 | 0.0449 % | ||
| Current price | 66.82 | |||
| Support | S1 | 66.71 | -0.165% | |
| S2 | 66.57 | -0.374% | ||
| S3 | 64.02 | -4.19% |
NGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2023 | Nov 22, 2023 | Jan 11, 2024 | $1.19 | 1.74% |
| 2 | May 23, 2023 | Jun 01, 2023 | Aug 09, 2023 | $2.35 | 3.71% |
| 3 | Nov 10, 2022 | Nov 23, 2022 | Jan 11, 2023 | $1.03 | 1.64% |
| 4 | May 24, 2022 | Jun 03, 2022 | Aug 17, 2022 | $2.09 | 2.93% |
| 5 | Nov 19, 2021 | Dec 02, 2021 | Jan 19, 2022 | $1.16 | 1.56% |
FAQ
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