As this happened, Citigroup downgraded its National Grid Plc ADR [NGG] rating to a Neutral from a a Buy in a research note published recently. Goldman also remained covering NGG and has increased its forecast on June 12, 2024 with a “Buy” recommendation from previously “Neutral” rating. Citigroup revised its rating on June 03, 2024. It rated NGG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NGG
On Friday, National Grid Plc ADR [NYSE:NGG] saw its stock jump 0.64% to $59.53. Over the last five days, the stock has gained 6.06%. National Grid Plc ADR shares have risen nearly 0.19% since the year began. Nevertheless, the stocks have fallen -4.34% over the past one year. While a 52-week high of $71.43 was reached on 01/02/25, a 52-week low of $53.57 was recorded on 01/14/25. SMA at 50 days reached $60.82, while 200 days put it at $63.78.
Levels Of Support And Resistance For NGG Stock
The 24-hour chart illustrates a support level at 59.17, which if violated will result in even more drops to 58.81. On the upside, there is a resistance level at 59.77. A further resistance level may holdings at 60.02. The Relative Strength Index (RSI) on the 14-day chart is 52.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.17%. Stochastics %K at 72.77% indicates the stock is a holding.
How much short interest is there in National Grid Plc ADR?
A steep rise in short interest was recorded in National Grid Plc ADR stocks on 2024-12-31, dropping by -0.68 million shares to a total of 0.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.01 million shares. There was a decline of -205.65%, which implies that there is a negative sentiment for the stock.
