NG..L ends the day on a bearish note closing near the low of the day


National Grid plc (NG.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

NG..L ends the day on a bearish note closing near the low of the day
NG..L runs into sellers again around 865.50
NG..L closes within previous day's range

Overview

NG.. L ended the week -2.27% lower at 856.60 after losing £4.80 (-0.56%) today on low volume. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (NG.L as at Jul 13, 2018):

Daily technical analysis candlestick chart for National Grid plc (NG.L) as at Jul 13, 2018

Friday's trading range was £9.30 (1.08%), that's slightly below last trading month's daily average range of £9.83. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 849.30. After having been unable to move above 863.80 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 865.50.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


Market Conditions for NG.L as at Jul 13, 2018

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