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Takip Edin: @UscMarketsNGG Stock Forecast & National Grid plc Chart Analysis
This article provides a detailed analysis of NGG-National Grid plc stock including a forecast for NGG shares. It features National Grid plc technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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NGG Historical Data Review
NGG Current Price Performance Analysis
The National Grid plc - NGG stock traded on the American stock market, on 06-05-2024, closed at 58.9$ with a %-1.52 decreased compared to the previous day.
In the last month, the price of NGG changed by %-14.20 decreased in value, from 68.65 dollars on 05-06-2024 to 58.9 dollars, decreased.
Last year, the price of NGG was 67.31 dollars on 06-06-2023, and changed by %-12.49 decreased in value, to 58.9 dollars decreased within a year.
The price of National Grid plc stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
NGG with AI Stock Forecast & Price Target
On the NGG chart National Grid plc price was recorded as 58.9 Dollars on 06/05/2024.
The artificial intelligence's forecast on NGG stock is as follows.
The artificial intelligence's prediction error margin for NGG stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for National Grid plc stock over the next 4 months is: 61.4 Dollars.
The commentary on NGG stock Target Price: Highest: 67.329 Dollars is predicted.
The commentary on NGG stock Target Price: Lowest: 57.959 Dollars is predicted.
Resistance Price where National Grid plc stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 67.329 |
| 10-18-2024 | 63.195 |
| 12-12-2024 | 62.038 |
| 02-20-2025 | 60.259 |
Support Price where National Grid plc stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 60.428 |
| 11-22-2024 | 61.288 |
| 01-16-2025 | 57.959 |
| 03-17-2025 | 58.891 |
The commentary on NGG stock: Fluctuations in the target price can be expected in the coming days.
The target price for National Grid plc stock by the end of 2024 is predicted to be 60.398 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on NGG stock, and the 2024 target price predictions for National Grid plc are detailed above.
The technical analysis and charts for the commentary on NGG stock are below.
NGG Support & Resistance and Trend Analysis
NGG stock you have reviewed the technical analysis support resistance charts regarding.
NGG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the NGG review, the National Grid plc support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
National Grid plc Support and Resistance Prices:
| NGG Support Level Price | NGG Resistance Level Price |
|---|---|
| 60.11 | 64.75 |
| 63.31 | 68.62 |
| 63.35 | 68.96 |
| 64.20 | 69.04 |
| 65.56 | 69.36 |
| 65.60 | 69.96 |
| 66.01 | 73.40 |
| 66.57 | |
| 66.63 | |
| 66.97 |
NGG Technical Analysis: SMA, RSI, MACD
Upon reviewing the NGG chart, buy and sell signals have been generated in the National Grid plc technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for NGG stock are as follows:- NGG technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for National Grid plc gave a 'Buy' signal when the RSI was at 28.83, with the current RSI value at 14.395.
- The technical analysis for National Grid plc indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for National Grid plc stock: Click here to read more predictions on Hilton Worldwide Holdings stock.
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