Chart outlook for NatWest
After a fantastic couple of years, the wheels have come off the high street bank's share price rally. Independent analyst Alistair Strang updates his forecasts.
6th May 2026 07:40
by Alistair Strang from Trends and Targets
NatWest Group (LSE:NWG) is behaving extremely strangely, achieving our initial target from a month ago, then fading away prior to any attempt on the secondary target.
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On the positive side, NatWest needs to direct its big clown feet above 585p currently to present the concept of movement to an initial 665p as possible with our secondary, if exceeded, at a stonking 755p.
However, we suspect this shall prove unlikely given current market conditions. Instead, it feels more possible walking in circles is scheduled for the immediate future.
Our alternate scenario is less attractive, suggesting below 530p should trigger ongoing reversal to an initial 487p with our secondary, if broken, a less likely implication of 440p making an appearance. This scenario is pretty dangerous, signalling the possibility of a visit to an ultimate bottom of 385p if 440p breaks!
To summarise, we suspect any picture of strong reversals shall prove to be fake, essentially the market attempting to inhibit the pace of rise for the retail banks sector.
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.
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