National Grid: decline under management, week 16
National Grid nearly flat (-0.1%): sellers hold on but money flow keeps draining
Our view last week
This week National Grid dropped 1.9%, with sellers back in full control of volume after two weeks in which buyers had held the upper hand. Price remains squeezed into a very tight band, between support in the 1170 area and resistance in the 1178 area, while the ADX keeps sliding, down to 15.1: the decline, under management since week 15, is losing steam without reversing. The short is up 1.4%.
This week's summary
National Grid closes a nearly flat week (-0.1%), yet sellers keep control of volume for a second straight week. Money flow keeps draining — down for a third consecutive week — while price stays squeezed between resistance in the 1185 area and support in the 1169 area. In this weekly National Grid stock technical analysis the decline holds its direction but loses punch: the short is up 1.5%.
IQS Phase
62
ordinary
Signal Strength
7
decline losing steam
Sizing
MINIMUM
Ranking
#31 / 51
EU-UK stocks
Trade P&L %
+1.52%
from signal to date, no stop loss
Rank position
ranks 31st among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 7 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly +0.66% · monthly -1.21%
NG. belongs to the european sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
restricted Platinum content