Even better times ahead for Ceres Power?
It's been a great year for new shareholders, but others will need an extended rally to regain lost ground. Independent analyst Alistair Strang assesses the odds.
8th April 2026 07:44
by Alistair Strang from Trends and Targets
Once again, a share price moved in a fashion which really, really, bothers us. Back in 2021, we gave criteria which provided a scenario for a drop target of 453p against Ceres Power Holdings (LSE:CWR), one which should have provided a level from where a bounce should be anticipated. However, circled on the chart is a little “oops” which took place in September 2022, the share price being gapped below our target level, almost as if the market was aware of the rebound potentials and opting to create a new situation, one where all bets were off as a brand new trend commenced.
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In a fairly blunt rule of thumb, if a price is gapped above one of our target levels, happy days are generally ahead. Whereas, if gapped below a target level, the opposite is true. With Ceres moving from 453p down to an eventual bottom at 46p, their share price has been a horror story!
Curiously, we’ve had a bunch of emails asking our opinion about the future for Ceres, perhaps inspired by the mess in the Middle East along with a suspicion it’s finally the time for Hydrogen Cells to take centre stage as sensible and sane energy sources. But, unfortunately, it’s liable not to be something which happens overnight.
Doubtless, Ceres Power are already perfectly aware of this and will already have moved far beyond naive expectations of their market place expanding rapidly quick time. While immediate oil and gas supply may be compromised, acknowledging new oil production from Scotland may be quite a good idea.
If we wander into the realms of cautious optimism, currently it seems this share need only trade above 352p to hopefully trigger a gain to an initial 393p with our secondary, if bettered, at a significant future 438p and the potential of a looming higher high. This price level risks being very important as closure above such a level dumps the share price in a position to explode toward a future 575p. We do suspect it shall be worth watching for the market choosing to “gap” this share price up at the open, any time now. This is liable to be cheerfully suggesting happy times ahead.
Should things intend to go pear-shaped, we’d feel justified raising an eyebrow if the share price makes it below 285p as this risks triggering another unpleasant cycle of reversals, giving an initial target of 186p with our secondary, if broken, at 104p, a number we wish didn’t make visual sense.
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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