Greencore enters happy cycle for the future
After bouncing back from an early summer drop, shares in this FTSE 250 company appear to have resumed a longer-term uptrend. Independent analyst Alistair Strang explains.
14th October 2026 07:30
by Alistair Strang from Trends and Targets
Being the largest supplier of pre-packed sandwiches is an odd claim to fame. In addition to their skill in making a sandwich, Greencore Group (LSE:GNC) supplies quite a lot of other ‘food to go’ products, along with chilled meals, pizzas, and even quiches. It’s safe to say the writer does not form any part of their target market, thanks to Coeliac disease, an egg allergy, T2 diabetes, and a Shellfish allergy!
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Greencore's share price has entered what looks like a happy cycle for the future. It has broken through the immediate 2026 downtrend, it has executed an official higher high and now looks poised for movement above 280p to trigger a visit to an initial 297p and a challenge against the downtrend since 2016.
Our secondary, should such a level be exceeded, calculates at a longer-term 310p. Overall, such a situation would imply a distant Big Picture target of 448p maybe exerting a distant attraction.
Should things intend to go wrong, an unusual scenario in the face of positive signals, below 263p risks triggering reversal to an initial 243p with our secondary, if broken, at an eventual bottom of 233p.
Visually, this sort of thing is unlikely but, of course, this is the UK stock market.
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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