A FTSE 100 share about to hit record high?
This £10 billion company often flies under the radar, but it's been an incredible performer and is on the cusp of a new all-time best. Independent analyst Alistair Strang examines potential.
4th August 2026 07:28
by Alistair Strang from Trends and Targets
We’ve trawled through the history of Diploma (LSE:DPLM), looking for the usual juicy stories. Unfortunately – from our salacious point of view – there are none, the Wikipedia page proving to be quite boring, a presentation unsullied by anyone with an axe to grind.
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For example, the final paragraph on their Wiki page reads:
“Diploma is a distributor, operating in the three sectors of Controls (including specialised wiring), Seals (including seals and gaskets) and Life Sciences (including consumables and instrumentation).” This is about as antiseptic as it gets, so perhaps some good times should be ahead for the FTSE 100 company.
Currently, it seems above 7,490p should trigger share price recovery to an initial 7,812p. If bettered, our longer-term secondary works out at a future 7,912p.
This is all quite a big deal, indicating the potential of all-time highs, but we run out of fingers if being asked to count above 7,912p. Should the market intend exceed this level, we should therefore anticipate the share price being “gapped” up at the open in the days ahead, an absurd notion but one which often proves quite accurate.
Should the market opt to gift the share price with opening-second gaps, it becomes probable a future intention above 7,912p is expected.
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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