Can Lloyds Bank shares break above 80p?
Not far from breaking above 75p for the first time since 2015, independent analyst Alistair Strang reveals if his charts say the lender's shares can go even further.
7th May 2025 07:31
by Alistair Strang from Trends and Targets
Lloyds Banking Group (LSE:LLOY)'s share price has been painfully unspectacular for years but thankfully, it now starts to appear something has changed in a positive direction.
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The price has exceeded the downtrend (Blue) since the fun times of the financial crash. When we previously reviewed the share, our logic gave an initial target of 71p, a number comfortably achieved and exceeded in recent days.
The situation now is fairly interesting as above 74p should now trigger movement to an initial 77p with our secondary, if beaten, at a probable 84p and some very possible hesitation.
The share price needs now slither below 52p to cancel our optimistic arguments in favour of Lloyds, arguments which now favour 111p as exerting an attraction in a distant future.
Source: Trends and Targets. Past performance is not a guide to future performance.
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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