Sell signal · week 21
National Grid gains 1.7%, but its new 7-day high fails to hold at the close
Our view last week
The week wipes out the rebound of seven days ago: National Grid slips 1.8% and all the volume in the weekly bar went to sellers, after 83% on the buy side the week before. Money flow drops back below zero and a bearish engulfing forms on the daily chart. For National Grid stock the Sell signal stays live, with the short 5.1% in the money, and the ADX has been rising for 5 weeks: the downtrend is gaining conviction. Full technical analysis and price action trading read below.
This week's summary
A fourth week of alternating signs for National Grid: after last week's -1.8% the stock gains 1.7% and prints a new 7-day high, in the 1162 area, that the close fails to confirm. National Grid stock stays below its 50-week average and the Sell signal is still live, with the short 3.5% in the money. The ADX has been rising for 6 weeks and money flow stays negative, while the MACD histogram has been climbing for 3. Technical analysis and swing trading levels below.
IQS Phase
58
ordinary
Signal Strength
6
decline losing steam
Sizing
MINIMUM
Ranking
#64 / 89
EU-UK stocks
Trade P&L %
+3.49%
from signal to date, no stop loss
National Grid (NG.) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 64th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 6 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimein positive regime
Performanceweekly +0.55% · monthly +1.10%
NG. belongs to the european sector (reference ETF EXH9). The sector is classified in positive regime according to our weekly reading.
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