Are NatWest shares about to do something?
There's been a very clear lack of excitement in the UK banking sector over the past week, so independent analyst Alistair Strang has searched his charts for possible signs of life.
8th June 2026 07:46
by Alistair Strang from Trends and Targets
We’ve learned the sneaky way to make the Monaco Grand Prix tolerable: record it, then watch on fast forward. Unfortunately, we cannot do this with retail bank sector share prices, but gosh we wish we could.
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Nine sessions ago NatWest Group (LSE:NWG)'s share price broke through this year's blue downtrend. In the period since, prices have “done a Monaco”, exploring a fascinating 10p range of closing prices while it effectively has done nothing.
For a share flirting with the six quid level, a 10p range of prices failed to give any sort of reasonable risk/reward for traders. The share price is 'supposed' to be heading upward, hesitation doubtless being blamed on the Iran conflict. Our suspicion, once the Middle East issue is cleared up, is for NatWest to hopefully spring to life.
It appears, given this tedious flatline behaviour, that movement next above 604.5p should ‘reliably’ trigger gains to an initial 622p with our secondary, if bettered, a very probable 631p.
Visually, there are three arguments favouring some hesitation at such a level but closure above 631p shall be viewed as significant for the longer term, theoretically triggering a future 682p and a challenge against a light blue downtrend which dates back to 2008.
For things to go wrong, below 553p would be a bad thing, risking a visit to 506p with our secondary, if broken, at an unlikely 438p. Our inclination is toward optimism for this share.
Source: Trends and Targets. Past performance is not a guide to future performance. Important: Trends and Targets charts only incorporate official share count consolidations, ignoring rights issues where investors have a choice as to whether to participate.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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