A FTSE 250 share worth watching
Its five-year performance is unimpressive and the shares have been rangebound since 2023, but independent analyst Alistair Strang's charts suggest some hidden strength.
25th March 2026 08:03
by Alistair Strang from Trends and Targets
We’re always a little wary when a few folk email enthusiastically about a share, especially when it’s one we’ve not come across. Our reasoning is simple, fearing a situation where internet chat rooms are being used to hype something and, generally, a glance at the share chart will quickly give a clue as to whether it’s a sane play, or an opportunity to send traders' funds on holiday for a protracted period.
IP Group (LSE:IPO)'s share price movements has been “vague” since 2022, and in recent months the market appears to be ensuring no upward break takes place (circled), at least since November last year.
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However, movements during March 2026 are proving easier to monitor than America’s position on Iran and the Middle East. Or at least, that’s how the theory goes.
Apparently, above just 53.5p should trigger gains to an initial 57.7p with our secondary, if beaten, a confident sounding 63.25p. While these numbers may sound a little tame, the price only needs above 55p to suggest “Showtime” is beginning, dangling a third level attraction from a sensible looking 74.5p and very probable hesitation. Movement such as this would certainly indicate the share price breaking free from the stupor since 2022.
There is a reasonable, though unlikely, chance IP Group's share price is awaiting a bit of a hammering. Below just 49p threatens reversal down to an initial 45.5p with our secondary, if broken, at 40p and a very possible bottom.
While this scenario makes some visual sense, there has been a plethora of positive movements which hint at hidden strength, just awaiting an excuse for an upward nudge. We do suspect this shall prove worthy of a glance in the weeks to come.
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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