The Hourly View for NGG
Currently, NGG (Get Ratings)’s price is down $-0.13 (-0.2%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on NGG; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Out of Utilities stocks, NGG ranks 6th in regards to today’s price percentage change.
NGG’s Technical Outlook on the Daily Chart
Currently, NGG’s price is up $0.52 (0.8%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as NGG has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. National Grid Plc’s price action over the past 90 days can be seen via the chart below.
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The post National Grid Plc (NGG): Price Now Near $65.12; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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