NGG Price Prediction Next Week
Technical Analysis: Based on the technical indicators, NGG shows a mixed picture. The RSI at 54.20 indicates neutral momentum, neither overbought nor oversold. The MACD at -0.03 suggests a slightly bearish signal but very close to the zero line, indicating potential trend reversal.
Price Levels: According to Fibonacci analysis:
- Resistance level 1: $61.15
- Resistance level 2: $62.58
- Support level 1: $56.51
- Support level 2: $55.08
- Pivot point: $58.83
News Impact: Recent news shows both positive and negative factors:
- Positive: Citi analyst Jenny Ping gave NGG a Buy rating with a price target of €10.63, with an overall Strong Buy consensus
- Negative: Potential impact from Trump's proposed 25% tariffs, as NGG has significant US exposure (50% assets, 54% revenue)
Price Prediction for Next Week: Based on technical and news analysis:
- Most likely scenario (60% probability): Price will test resistance at $61.15
- Base case target: $60.50-$61.00
- Bullish case (30% probability): Break above $61.15, targeting $62.58
- Bearish case (10% probability): Drop to support at $56.51
Recommendation: BUY Rationale:
- Strong analyst consensus with 15.54% upside potential
- RSI showing balanced momentum with room for upside
- Current price near key support levels providing favorable risk-reward
- Multiple analyst upgrades supporting positive sentiment
Entry point: Current market price ($58-59 range) Stop loss: $56.50 (just below first support) Take profit: $61.15 (first resistance)
NGG Similar Chart Price Prediction
The price of NGG is predicted to go up -5.7%, based on the high correlation periods with ZWS. The similarity of these two price pattern on the periods is 91.04%.
NGG
ZWS
Down: -5.7%Similarity: 91.04%
NGG Revenue Forecast
NGG EPS Forecast
NGG VS S&P500
The sale of Grain LNG, renewables assets, and ESO should command high multiples.
Allowed returns should be increased under the RII0-T3 regulatory period starting in April 2026 due to high interest rates.
The new 5-year strategic plan gives visibility on earnings and dividends.
NGG Analyst's Forecast
Jenny Ping
Citigroup
Strong Buy → Hold
Price Target
n/a
Upside
0%
Citi downgraded National Grid to Neutral from Buy with a price target of 1,050 GBp, up from 985 GBp. The firm continues to like National Grid's earnings growth profile in a sector relative context, which is largely underpinned by continued investments that have political and regulatory support. However, the firm finds the stock fairly valued following the recent rally. It sees better value at other regulated names in the sector such as E.On or Redeia.