Can Lloyds Bank break above this trigger level?
After a few failed attempts, shares in the popular high street bank have failed to achieve independent analyst Alistair Strang's next target. Here's what might happen next.
27th July 2026 07:35
by Alistair Strang from Trends and Targets
Unfortunately for Lloyds Banking Group (LSE:LLOY), its share price continues to struggle beneath our 115.4p trigger level.
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The technical picture now suggests the shares need to trade above 115.95p intraday, or preferably achieve a daily close above 115.4p, to indicate the Black Horse is finally ready for a gallop.
Should that occur, we would expect an initial move towards 122p. Beyond this, our secondary target remains 132p, where we would anticipate some hesitation. From a broader, long-term perspective, however, the more significant level continues to be a distant 153p, a price which has exerted considerable influence over trading patterns since 2015.
Conversely, if events take a turn for the worse, a daily close below 108p would materially weaken the technical outlook. Such a move could trigger declines towards an initial target of 104p, followed by 100p. We would, however, expect the 100p region to attract buying interest and potentially provide the basis for a meaningful rebound.
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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