Downside for Lloyds Bank shares stuck in a 'weak zone'
As war in the Middle East continues to affect energy prices and global stock markets, independent analyst Alistair Strang takes a fresh look at prospects for this popular high street bank stock.
23rd March 2026 07:42
by Alistair Strang from Trends and Targets
Stock markets seem to be taking the current geopolitical situation very seriously, and Lloyds Banking Group (LSE:LLOY) shares have now achieved our proposed secondary target at the 90p level. The immediate situation suggests weakness below 90.5p should next trigger reversals to an initial 88p, our secondary calculating at 80p.
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Despite conventional market behaviour hinting at the potential of a near-term bounce, unless any recovery exceeds 97p, there is a high likelihood of Lloyds remaining in a weak zone. This results in a situation where any domino effect breaking our drop targets calculates with an eventual bottom at 60p making itself apparent.
Perhaps this shall prove worth watching.
Our alternate scenario if life chooses to take a positive turn, above 97p now works out with a strong potential of share price recovery to an initial 125p with our secondary calculating at 132p and some serious hesitation.
It looks like an interesting week is ahead, so we may choose to issue updates on Lloyds and the FTSE 100 too.
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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