Excitement about potential at M&S
Having failed three times in a year to make a rally above 400p stick, independent analyst Alistair Strang assesses the odds that the retailer gets lucky on its fourth attempt.
16th September 2026 07:18
by Alistair Strang from Trends and Targets
We’ve had an email about Marks & Spencer Group (LSE:MKS) as apparently an analyst somewhere has been sounding quite excited about their share price prospects.
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We’re not so sure confidence should be allowed for the immediate future as weakness next below 368p looks very capable of provoking reversal to an initial 360p. Our secondary, if such a level breaks, calculates down at a very probable 341p and hopefully a real bounce. If wanting to play with short positions, the tightest stop loss looks like 386p.
However, there is obviously a chance the analyst promoting M&S may have spotted something useful. Should this be the case, above 386p should exhibit some surprise potentials, allowing for a visit to an initial 422p with our longer-term secondary, if exceeded, working out at 434p.
This sort of thing would be extremely significant, suggesting the share price is breaking from the hiatus which has infected the share price since the start of 2025.
Perhaps M&S shall prove worth watching, though we suspect due to imminent reversal potentials.
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.
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