NATIONAL GRID TRANSCO PLC NATIONAL GRID

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Ticker:	NGG
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NATIONAL GRID TRANSCO PLC NATIONAL GRID - Daily - Technical analysis published on 07/12/2020 (GMT)

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NATIONAL GRID TRANSCO PLC NATIONAL GRID - Daily

Summary of the analysis

Trends

Court terme: Bearish

De fond: Bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 56.66 USD

My targets

54.02 USD (-2.26%)

51.41 USD (-6.98%)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on NATIONAL GRID TRANSCO PLC NATIONAL GRID as long as the price remains well below 56.66 USD. The next bearish objective for sellers is set at 54.02 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 51.41 USD. If there is any crossing, the next objective would be the support located at 46.69 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NATIONAL GRID TRANSCO PLC NATIONAL GRID price is 55.27 USD. On the day, this instrument gained +3.06% and was traded between 54.74 USD and 55.59 USD over the period. The price is currently at +0.97% from its lowest and -0.58% from its highest.

54.74

55.59

55.27

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NATIONAL GRID TRANSCO PLC NATIONAL GRID:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NATIONAL GRID TRANSCO PLC NATIONAL GRID in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	46.69	51.41	54.02	55.27	56.66	61.52	65.38
Change (%)	-15.52%	-6.98%	-2.26%	-	+2.51%	+11.31%	+18.29%
Change	-8.58	-3.86	-1.25	-	+1.39	+6.25	+10.11
Level	Major	Major	Intermediate	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.05	52.69	53.16	53.80	54.27	54.91	55.38
Camarilla	53.33	53.43	53.53	53.63	53.73	53.83	53.94
Woodie	51.97	52.65	53.08	53.76	54.19	54.87	55.30
Fibonacci	52.69	53.11	53.38	53.80	54.22	54.49	54.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.36	54.29	55.27	57.20	58.18	60.11	61.09
Camarilla	55.45	55.71	55.98	56.25	56.51	56.78	57.05
Woodie	51.88	54.05	54.79	56.96	57.70	59.87	60.61
Fibonacci	54.29	55.40	56.09	57.20	58.31	59.00	60.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.95	52.75	55.75	57.55	60.54	62.34	65.34
Camarilla	57.42	57.86	58.30	58.74	59.18	59.62	60.06
Woodie	51.55	53.05	56.34	57.85	61.14	62.64	65.94
Fibonacci	52.75	54.58	55.72	57.55	59.38	60.51	62.34

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.18
MACD (12,26,9):	-0.0500
Directional Movement:	-5.01
AROON (14):	-35.72
DEMA (21):	57.00
Parabolic SAR (0,02-0,02-0,2):	59.75
Elder Ray (13):	-1.61
Super Trend (3,10):	58.62
Zig ZAG (10):	55.27
VORTEX (21):	0.8200
Stochastique (14,3,5):	21.28
TEMA (21):	56.54
Williams %R (14):	-71.68
Chande Momentum Oscillator (20):	-3.13
Repulse (5,40,3):	0.3500
ROCnROLL:	2
TRIX (15,9):	0.1200
Courbe Coppock:	1.81

MA7:	56.86
MA20:	57.24
MA50:	56.14
MA100:	56.36
MAexp7:	56.26
MAexp20:	56.85
MAexp50:	56.52
MAexp100:	56.52
Price / MA7:	-2.80%
Price / MA20:	-3.44%
Price / MA50:	-1.55%
Price / MA100:	-1.93%
Price / MAexp7:	-1.76%
Price / MAexp20:	-2.78%
Price / MAexp50:	-2.21%
Price / MAexp100:	-2.21%

Quotes : 2020-07-10 19:59:59 - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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