The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

• On Nov. 20, 2024, National Grid named Steve Smith as Chief Strategy and Regulation Officer. "It's a privilege to be appointed to this role at the most exciting time for the energy sector in decades," said Steve Smith "The strategy and regulation teams already deliver outstanding work to ensure National Grid is set up for success and that we continue to put our customers first. I am very much looking forward to continuing to build on this, as I take up the role on a permanent basis." The company's stock jumped around 13% over the past month and has a 52-week high of $73.40.
• RSI Value: 70.2                                
• NGG Price Action: Shares of National Grid gained 0.9% to close at $72.11 on Thursday.
• Edge Stock Ratings: 81.39 Momentum score with Value at 61.01.